LS Investment Advisors LLC Has $624,000 Holdings in Rockwell Automation (ROK)

LS Investment Advisors LLC decreased its holdings in Rockwell Automation (NYSE:ROK) by 6.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,149 shares of the industrial products company’s stock after selling 305 shares during the quarter. LS Investment Advisors LLC’s holdings in Rockwell Automation were worth $624,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Creative Planning raised its stake in Rockwell Automation by 0.3% in the 4th quarter. Creative Planning now owns 22,499 shares of the industrial products company’s stock worth $3,386,000 after purchasing an additional 66 shares in the last quarter. Sabal Trust CO raised its position in shares of Rockwell Automation by 1.6% in the 4th quarter. Sabal Trust CO now owns 4,132 shares of the industrial products company’s stock valued at $622,000 after buying an additional 67 shares in the last quarter. Benedict Financial Advisors Inc. raised its position in shares of Rockwell Automation by 1.1% in the 4th quarter. Benedict Financial Advisors Inc. now owns 6,728 shares of the industrial products company’s stock valued at $1,012,000 after buying an additional 74 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Rockwell Automation by 0.3% in the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 28,324 shares of the industrial products company’s stock valued at $4,262,000 after buying an additional 75 shares in the last quarter. Finally, Diversified Trust Co raised its position in shares of Rockwell Automation by 6.6% in the 3rd quarter. Diversified Trust Co now owns 1,623 shares of the industrial products company’s stock valued at $304,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 80.07% of the company’s stock.

In other Rockwell Automation news, CFO Patrick P. Goris sold 177 shares of the business’s stock in a transaction that occurred on Friday, December 7th. The shares were sold at an average price of $167.71, for a total transaction of $29,684.67. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Steven W. Etzel sold 645 shares of the business’s stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $175.90, for a total transaction of $113,455.50. Following the sale, the vice president now directly owns 37,731 shares in the company, valued at $6,636,882.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,724 shares of company stock valued at $6,100,662. 1.43% of the stock is owned by corporate insiders.

ROK stock opened at $169.44 on Monday. The company has a market cap of $20.26 billion, a P/E ratio of 20.89, a P/E/G ratio of 2.11 and a beta of 1.36. Rockwell Automation has a 1 year low of $141.46 and a 1 year high of $198.23. The company has a quick ratio of 0.93, a current ratio of 1.21 and a debt-to-equity ratio of 0.97.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Tuesday, January 29th. The industrial products company reported $2.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.22. The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Rockwell Automation had a net margin of 12.68% and a return on equity of 66.47%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.96 EPS. As a group, research analysts expect that Rockwell Automation will post 9.04 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Tuesday, February 19th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Friday, February 15th. Rockwell Automation’s dividend payout ratio is 47.84%.

Several brokerages have recently commented on ROK. BMO Capital Markets restated an “outperform” rating and issued a $195.00 target price on shares of Rockwell Automation in a research report on Wednesday, January 30th. Wells Fargo & Co boosted their target price on shares of Rockwell Automation from $188.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, January 30th. Credit Suisse Group boosted their target price on shares of Rockwell Automation from $158.00 to $166.00 and gave the company an “underperform” rating in a research report on Wednesday, January 30th. Citigroup boosted their target price on shares of Rockwell Automation to $176.00 and gave the company a “neutral” rating in a research report on Wednesday, January 30th. Finally, HSBC upgraded shares of Rockwell Automation from a “reduce” rating to a “buy” rating and boosted their target price for the company from $165.00 to $175.00 in a research report on Friday, January 25th. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $172.06.

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Rockwell Automation 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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