Rockwell Automation, Inc. (ROK) Holdings Lowered by Markston International LLC

Markston International LLC trimmed its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 5.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,055 shares of the industrial products company’s stock after selling 2,676 shares during the quarter. Markston International LLC’s holdings in Rockwell Automation were worth $7,672,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in shares of Rockwell Automation by 7.5% in the 2nd quarter. BlackRock Inc. now owns 9,698,308 shares of the industrial products company’s stock worth $1,570,735,000 after purchasing an additional 679,645 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Rockwell Automation by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 8,769,308 shares of the industrial products company’s stock worth $1,420,278,000 after purchasing an additional 268,101 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of Rockwell Automation by 0.5% in the 2nd quarter. Lazard Asset Management LLC now owns 2,308,357 shares of the industrial products company’s stock worth $373,861,000 after purchasing an additional 11,384 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Rockwell Automation by 5.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,459,185 shares of the industrial products company’s stock worth $236,330,000 after purchasing an additional 81,416 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Rockwell Automation by 7.7% in the 2nd quarter. Wells Fargo & Company MN now owns 1,337,872 shares of the industrial products company’s stock worth $216,681,000 after purchasing an additional 95,408 shares in the last quarter. Institutional investors own 72.90% of the company’s stock.

Rockwell Automation, Inc. (NYSE:ROK) traded down $0.96 during trading hours on Wednesday, reaching $191.58. 575,200 shares of the company traded hands, compared to its average volume of 861,849. The firm has a market cap of $24,714.28, a PE ratio of 28.52, a P/E/G ratio of 2.21 and a beta of 1.24. Rockwell Automation, Inc. has a 1 year low of $129.66 and a 1 year high of $210.72. The company has a current ratio of 3.46, a quick ratio of 3.00 and a debt-to-equity ratio of 0.47.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.72 by ($0.03). The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. Rockwell Automation had a net margin of 13.08% and a return on equity of 38.67%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the firm earned $1.52 EPS. research analysts forecast that Rockwell Automation, Inc. will post 7.39 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be issued a $0.835 dividend. This represents a $3.34 annualized dividend and a yield of 1.74%. The ex-dividend date is Friday, November 10th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.76. Rockwell Automation’s payout ratio is 52.68%.

In other news, insider Blake D. Moret sold 5,677 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $170.10, for a total value of $965,657.70. Following the sale, the insider now owns 21,426 shares of the company’s stock, valued at approximately $3,644,562.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Blake D. Moret sold 1,723 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $170.06, for a total transaction of $293,013.38. Following the completion of the sale, the insider now directly owns 22,849 shares in the company, valued at approximately $3,885,700.94. The disclosure for this sale can be found here. Insiders own 1.65% of the company’s stock.

Several research analysts have recently weighed in on ROK shares. Zacks Investment Research raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $182.00 target price on the stock in a research report on Friday, July 28th. ValuEngine raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Thursday, September 7th. Morgan Stanley reissued an “equal weight” rating and issued a $173.00 target price (up from $168.00) on shares of Rockwell Automation in a research report on Monday, October 2nd. Cowen and Company reissued a “hold” rating and issued a $140.00 target price on shares of Rockwell Automation in a research report on Sunday, September 17th. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Rockwell Automation in a research report on Friday, August 18th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $165.00.

TRADEMARK VIOLATION WARNING: “Rockwell Automation, Inc. (ROK) Holdings Lowered by Markston International LLC” was originally posted by Markets Daily and is owned by of Markets Daily. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.themarketsdaily.com/2017/11/15/rockwell-automation-inc-rok-holdings-lowered-by-markston-international-llc.html.

Rockwell Automation Profile

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.

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

Receive News & Ratings for Rockwell Automation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply