TD Asset Management Inc. lifted its position in Rockwell Automation, Inc. (NYSE:ROK) by 7.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,068 shares of the industrial products company’s stock after acquiring an additional 10,478 shares during the period. TD Asset Management Inc. owned approximately 0.12% of Rockwell Automation worth $31,572,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ROK. Vanguard Group Inc. raised its holdings in Rockwell Automation by 5.0% during the 2nd quarter. Vanguard Group Inc. now owns 11,932,141 shares of the industrial products company’s stock worth $2,541,546,000 after buying an additional 571,279 shares during the period. BlackRock Inc. grew its stake in shares of Rockwell Automation by 2.0% in the third quarter. BlackRock Inc. now owns 8,435,353 shares of the industrial products company’s stock valued at $1,861,513,000 after buying an additional 163,995 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Rockwell Automation by 3.2% in the second quarter. Bank of New York Mellon Corp now owns 2,109,109 shares of the industrial products company’s stock valued at $449,238,000 after buying an additional 65,333 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Rockwell Automation by 19.8% in the second quarter. Bank of America Corp DE now owns 1,606,163 shares of the industrial products company’s stock valued at $342,112,000 after buying an additional 264,964 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Rockwell Automation by 268.3% in the second quarter. FMR LLC now owns 1,442,678 shares of the industrial products company’s stock valued at $307,290,000 after buying an additional 1,050,942 shares in the last quarter. Institutional investors and hedge funds own 76.39% of the company’s stock.

In other Rockwell Automation news, SVP Christopher Nardecchia sold 319 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $245.73, for a total value of $78,387.87. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Patrick P. Goris sold 26,332 shares of the business’s stock in a transaction that occurred on Friday, November 13th. The shares were sold at an average price of $238.18, for a total value of $6,271,755.76. Following the completion of the transaction, the chief financial officer now directly owns 13,211 shares in the company, valued at $3,146,595.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,708 shares of company stock worth $13,108,209. Insiders own 0.77% of the company’s stock.

Shares of ROK stock opened at $247.63 on Friday. The business’s 50 day simple moving average is $241.13 and its 200 day simple moving average is $222.63. Rockwell Automation, Inc. has a one year low of $115.38 and a one year high of $267.48. The stock has a market capitalization of $28.77 billion, a PE ratio of 37.58, a PEG ratio of 4.78 and a beta of 1.47. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.31 and a quick ratio of 1.01.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Sunday, November 15th. The industrial products company reported $1.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.10. Rockwell Automation had a return on equity of 105.45% and a net margin of 11.85%. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the business posted $2.01 earnings per share. The firm’s revenue was down 9.3% on a year-over-year basis. As a group, research analysts expect that Rockwell Automation, Inc. will post 7.54 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Monday, November 16th will be paid a $1.07 dividend. The ex-dividend date is Friday, November 13th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.02. This represents a $4.28 annualized dividend and a yield of 1.73%. Rockwell Automation’s payout ratio is 49.37%.

Several brokerages have issued reports on ROK. Daiwa Capital Markets raised Rockwell Automation from a “neutral” rating to an “outperform” rating and set a $240.00 price target for the company in a report on Wednesday, September 23rd. Berenberg Bank began coverage on Rockwell Automation in a report on Thursday, August 20th. They set a “buy” rating and a $270.00 price target for the company. Barclays raised their price target on Rockwell Automation from $250.00 to $274.00 and gave the company an “overweight” rating in a report on Wednesday, November 11th. Deutsche Bank Aktiengesellschaft raised their price target on Rockwell Automation from $226.00 to $240.00 and gave the company a “hold” rating in a report on Wednesday, November 11th. Finally, Stephens began coverage on Rockwell Automation in a report on Thursday, October 15th. They set an “equal weight” rating for the company. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. Rockwell Automation has an average rating of “Hold” and an average target price of $225.24.

Rockwell Automation Company Profile

Rockwell Automation, Inc provides industrial automation and digital transformation solutions. It operates in two segments, Architecture & Software, and Control Products & Solutions. The Architecture & Software segment offers a portfolio of automation and information platforms, including hardware and software.

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

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