Ffcm LLC lifted its position in shares of Rockwell Automation (NYSE:ROK) by 24.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,641 shares of the industrial products company’s stock after buying an additional 902 shares during the quarter. Ffcm LLC’s holdings in Rockwell Automation were worth $911,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of ROK. Ameriprise Financial Inc. grew its holdings in Rockwell Automation by 47.2% in the third quarter. Ameriprise Financial Inc. now owns 1,558,748 shares of the industrial products company’s stock valued at $277,788,000 after purchasing an additional 499,745 shares during the period. APG Asset Management N.V. grew its holdings in Rockwell Automation by 153.3% in the third quarter. APG Asset Management N.V. now owns 326,473 shares of the industrial products company’s stock valued at $58,181,000 after purchasing an additional 197,600 shares during the period. Janus Henderson Group PLC grew its holdings in Rockwell Automation by 1,078.5% in the second quarter. Janus Henderson Group PLC now owns 199,405 shares of the industrial products company’s stock valued at $32,295,000 after purchasing an additional 182,485 shares during the period. Wells Fargo & Company MN grew its holdings in Rockwell Automation by 12.8% in the third quarter. Wells Fargo & Company MN now owns 1,509,470 shares of the industrial products company’s stock valued at $269,003,000 after purchasing an additional 171,598 shares during the period. Finally, Pictet Asset Management Ltd. grew its holdings in Rockwell Automation by 22.2% in the third quarter. Pictet Asset Management Ltd. now owns 859,437 shares of the industrial products company’s stock valued at $153,160,000 after purchasing an additional 156,395 shares during the period. Institutional investors and hedge funds own 72.35% of the company’s stock.

In other news, VP Steven W. Etzel sold 514 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $190.75, for a total transaction of $98,045.50. Following the transaction, the vice president now directly owns 7,737 shares of the company’s stock, valued at $1,475,832.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Elik I. Fooks sold 904 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $190.77, for a total transaction of $172,456.08. Following the transaction, the insider now directly owns 9,464 shares in the company, valued at $1,805,447.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 113,966 shares of company stock worth $21,834,799. 1.28% of the stock is currently owned by corporate insiders.

Rockwell Automation (ROK) opened at $186.30 on Tuesday. The firm has a market cap of $23,389.58, a P/E ratio of 26.30, a price-to-earnings-growth ratio of 2.06 and a beta of 1.17. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.73 and a current ratio of 1.98. Rockwell Automation has a 12-month low of $148.31 and a 12-month high of $210.72.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.22. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Rockwell Automation had a net margin of 5.85% and a return on equity of 39.45%. Rockwell Automation’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.75 earnings per share. equities research analysts predict that Rockwell Automation will post 7.79 EPS for the current year.

Rockwell Automation declared that its board has approved a share repurchase program on Wednesday, January 24th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Tuesday, February 20th will be given a dividend of $0.835 per share. The ex-dividend date is Friday, February 16th. This represents a $3.34 dividend on an annualized basis and a yield of 1.79%. Rockwell Automation’s dividend payout ratio (DPR) is 117.19%.

ROK has been the subject of a number of recent analyst reports. Goldman Sachs Group restated a “neutral” rating and issued a $193.00 target price on shares of Rockwell Automation in a report on Friday, December 8th. Daiwa Capital Markets initiated coverage on shares of Rockwell Automation in a report on Wednesday, December 20th. They issued a “neutral” rating and a $199.00 target price for the company. downgraded shares of Rockwell Automation from a “hold” rating to a “reduce” rating in a report on Thursday, November 2nd. Stifel Nicolaus restated a “hold” rating and issued a $198.00 target price on shares of Rockwell Automation in a report on Monday, December 11th. Finally, Oppenheimer restated a “hold” rating on shares of Rockwell Automation in a report on Thursday, November 9th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. Rockwell Automation presently has an average rating of “Hold” and an average target price of $183.15.

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About Rockwell Automation

Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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