Westfield Capital Management Co. LP Sells 33,697 Shares of Rockwell Automation (NYSE:ROK)

Westfield Capital Management Co. LP reduced its holdings in shares of Rockwell Automation (NYSE:ROK) by 14.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 199,428 shares of the industrial products company’s stock after selling 33,697 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Rockwell Automation were worth $34,992,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ROK. Penobscot Investment Management Company Inc. increased its holdings in Rockwell Automation by 1.8% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 3,395 shares of the industrial products company’s stock worth $511,000 after acquiring an additional 60 shares during the period. Commonwealth Bank of Australia increased its holdings in shares of Rockwell Automation by 0.5% in the 1st quarter. Commonwealth Bank of Australia now owns 12,238 shares of the industrial products company’s stock worth $2,141,000 after buying an additional 60 shares during the last quarter. O Shares Investment Advisers LLC increased its holdings in shares of Rockwell Automation by 1.4% in the 1st quarter. O Shares Investment Advisers LLC now owns 4,853 shares of the industrial products company’s stock worth $852,000 after buying an additional 65 shares during the last quarter. Page Arthur B increased its holdings in shares of Rockwell Automation by 0.5% in the 1st quarter. Page Arthur B now owns 13,274 shares of the industrial products company’s stock worth $2,328,000 after buying an additional 67 shares during the last quarter. Finally, Avitas Wealth Management LLC increased its holdings in shares of Rockwell Automation by 0.4% in the 1st quarter. Avitas Wealth Management LLC now owns 17,802 shares of the industrial products company’s stock worth $3,124,000 after buying an additional 78 shares during the last quarter. Institutional investors own 75.18% of the company’s stock.

In other news, SVP Michael Laszkiewicz sold 263 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $159.38, for a total value of $41,916.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.43% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently commented on the stock. Morgan Stanley decreased their price target on shares of Rockwell Automation from $159.00 to $144.00 and set an “underweight” rating on the stock in a report on Friday. Barclays reissued a “hold” rating and issued a $164.00 price target on shares of Rockwell Automation in a report on Thursday, June 6th. Gabelli raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a report on Wednesday, May 29th. Deutsche Bank increased their price target on shares of Rockwell Automation from $173.00 to $186.00 and gave the stock a “hold” rating in a report on Friday, April 26th. Finally, BMO Capital Markets decreased their price target on shares of Rockwell Automation from $223.00 to $214.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Six analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $172.67.

Shares of Rockwell Automation stock traded down $3.43 during trading on Friday, reaching $155.88. The company’s stock had a trading volume of 13,659 shares, compared to its average volume of 859,847. Rockwell Automation has a 52-week low of $141.46 and a 52-week high of $198.23. The stock has a market capitalization of $18.70 billion, a price-to-earnings ratio of 19.21, a price-to-earnings-growth ratio of 2.32 and a beta of 1.43. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.23 and a current ratio of 1.59.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.11 by ($0.07). Rockwell Automation had a net margin of 14.43% and a return on equity of 73.82%. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period last year, the company posted $1.89 EPS. Rockwell Automation’s revenue for the quarter was up .4% on a year-over-year basis. On average, equities research analysts forecast that Rockwell Automation will post 8.9 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.49%. Rockwell Automation’s dividend payout ratio (DPR) is 47.84%.

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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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