Rockwell Automation (ROK) Shares Sold by Rosenbaum Jay D.

Rosenbaum Jay D. lessened its holdings in shares of Rockwell Automation (NYSE:ROK) by 2.9% during the first quarter, HoldingsChannel.com reports. The firm owned 7,254 shares of the industrial products company’s stock after selling 216 shares during the quarter. Rockwell Automation makes up about 2.4% of Rosenbaum Jay D.’s investment portfolio, making the stock its 15th biggest position. Rosenbaum Jay D.’s holdings in Rockwell Automation were worth $1,273,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ROK. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Rockwell Automation by 43.7% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 66,144 shares of the industrial products company’s stock valued at $9,953,000 after acquiring an additional 20,105 shares in the last quarter. Pure Financial Advisors Inc. bought a new position in shares of Rockwell Automation during the 4th quarter valued at $225,000. Private Wealth Advisors Inc. bought a new position in shares of Rockwell Automation during the 4th quarter valued at $742,000. New England Research & Management Inc. bought a new position in shares of Rockwell Automation during the 4th quarter valued at $233,000. Finally, American Century Companies Inc. bought a new position in shares of Rockwell Automation during the 4th quarter valued at $12,794,000. Institutional investors own 75.39% of the company’s stock.

Shares of Rockwell Automation stock traded up $0.96 during trading on Thursday, reaching $189.26. 4,679 shares of the stock traded hands, compared to its average volume of 890,372. The firm has a market cap of $22.42 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 2.32 and a beta of 1.35. 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 has a 52-week low of $141.46 and a 52-week high of $198.23.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Tuesday, January 29th. The industrial products company reported $2.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.22. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. Rockwell Automation had a return on equity of 66.47% and a net margin of 12.68%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.96 earnings per share. On average, equities analysts expect that Rockwell Automation will post 9.02 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Friday, May 10th. Rockwell Automation’s payout ratio is 47.84%.

ROK has been the subject of a number of analyst reports. Zacks Investment Research lowered Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Wednesday, December 19th. Credit Suisse Group reiterated an “underperform” rating and issued a $158.00 price target (down previously from $170.00) on shares of Rockwell Automation in a research note on Thursday, January 3rd. Deutsche Bank reiterated a “hold” rating and issued a $155.00 price target on shares of Rockwell Automation in a research note on Friday, January 4th. Barclays cut their price target on Rockwell Automation from $170.00 to $165.00 and set an “equal weight” rating for the company in a research note on Monday, January 7th. Finally, Wolfe Research lowered Rockwell Automation to a “market perform” rating in a research note on Tuesday, January 8th. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $171.13.

In related news, SVP Frank C. Kulaszewicz sold 9,231 shares of the stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $177.70, for a total value of $1,640,348.70. Following the completion of the transaction, the senior vice president now owns 34,893 shares of the company’s stock, valued at approximately $6,200,486.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Elik I. Fooks sold 5,100 shares of the firm’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $177.80, for a total transaction of $906,780.00. Following the completion of the sale, the insider now directly owns 15,597 shares of the company’s stock, valued at approximately $2,773,146.60. The disclosure for this sale can be found here. 1.43% of the stock is currently owned by company insiders.

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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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