CIBC Asset Management Inc increased its stake in Rockwell Automation (NYSE:ROK) by 3.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,920 shares of the industrial products company’s stock after acquiring an additional 385 shares during the period. CIBC Asset Management Inc’s holdings in Rockwell Automation were worth $2,148,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its holdings in Rockwell Automation by 2,454.0% in the first quarter. American Century Companies Inc. now owns 395,133 shares of the industrial products company’s stock valued at $68,832,000 after acquiring an additional 379,662 shares during the last quarter. Summit Trail Advisors LLC lifted its stake in shares of Rockwell Automation by 17,669.8% in the 1st quarter. Summit Trail Advisors LLC now owns 345,622 shares of the industrial products company’s stock valued at $346,000 after purchasing an additional 343,677 shares in the last quarter. Frontier Capital Management Co. LLC acquired a new position in shares of Rockwell Automation in the 2nd quarter valued at about $40,950,000. UBS Group AG lifted its stake in shares of Rockwell Automation by 4.6% in the 1st quarter. UBS Group AG now owns 5,120,696 shares of the industrial products company’s stock valued at $892,025,000 after purchasing an additional 227,226 shares in the last quarter. Finally, Cambiar Investors LLC acquired a new position in shares of Rockwell Automation in the 2nd quarter valued at about $35,385,000. 76.63% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP Steven W. Etzel sold 1,400 shares of the business’s stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $187.68, for a total transaction of $262,752.00. Following the transaction, the vice president now directly owns 8,668 shares of the company’s stock, valued at $1,626,810.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Susan Schmitt sold 4,500 shares of the business’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $175.02, for a total transaction of $787,590.00. Following the transaction, the vice president now directly owns 15,967 shares in the company, valued at $2,794,544.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,433 shares of company stock worth $2,086,894. Corporate insiders own 1.65% of the company’s stock.

Rockwell Automation stock opened at $178.18 on Friday. The company has a market cap of $21.79 billion, a P/E ratio of 26.41, a P/E/G ratio of 1.90 and a beta of 1.23. The company has a current ratio of 1.93, a quick ratio of 1.60 and a debt-to-equity ratio of 0.85. Rockwell Automation has a one year low of $155.81 and a one year high of $210.72.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, July 25th. The industrial products company reported $2.16 EPS for the quarter, topping the consensus estimate of $2.04 by $0.12. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.70 billion. Rockwell Automation had a return on equity of 48.24% and a net margin of 5.97%. Rockwell Automation’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.76 EPS. sell-side analysts expect that Rockwell Automation will post 8.01 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Monday, August 13th will be given a dividend of $0.92 per share. The ex-dividend date is Friday, August 10th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.07%. Rockwell Automation’s payout ratio is currently 54.44%.

A number of research analysts have weighed in on ROK shares. UBS Group reduced their price target on shares of Rockwell Automation from $210.00 to $205.00 and set a “buy” rating on the stock in a research report on Thursday. Morgan Stanley started coverage on shares of Rockwell Automation in a research report on Tuesday, August 21st. They set an “underweight” rating and a $163.00 price target on the stock. Zacks Investment Research cut shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. Barclays reaffirmed a “hold” rating and set a $176.00 price target on shares of Rockwell Automation in a research report on Thursday, July 26th. Finally, Goldman Sachs Group lowered shares of Rockwell Automation from a “neutral” rating to a “sell” rating and set a $156.00 target price on the stock. in a report on Monday, July 16th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. Rockwell Automation presently has a consensus rating of “Hold” and a consensus price target of $184.38.

Rockwell Automation Company Profile

Rockwell Automation Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

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

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