Dillon & Associates Inc. Reduces Stock Position in Rockwell Automation, Inc. $ROK

Dillon & Associates Inc. reduced its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 82.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 966 shares of the industrial products company’s stock after selling 4,426 shares during the period. Dillon & Associates Inc.’s holdings in Rockwell Automation were worth $321,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Milestone Asset Management LLC bought a new stake in Rockwell Automation during the 2nd quarter valued at about $223,000. Huntington National Bank raised its holdings in shares of Rockwell Automation by 3.7% in the 2nd quarter. Huntington National Bank now owns 228,111 shares of the industrial products company’s stock valued at $75,772,000 after purchasing an additional 8,201 shares in the last quarter. Transatlantique Private Wealth LLC raised its holdings in shares of Rockwell Automation by 3.5% in the 2nd quarter. Transatlantique Private Wealth LLC now owns 3,095 shares of the industrial products company’s stock valued at $1,028,000 after purchasing an additional 106 shares in the last quarter. Northcape Wealth Management LLC raised its holdings in shares of Rockwell Automation by 1.3% in the 2nd quarter. Northcape Wealth Management LLC now owns 7,546 shares of the industrial products company’s stock valued at $2,507,000 after purchasing an additional 99 shares in the last quarter. Finally, Machina Capital S.A.S. bought a new stake in shares of Rockwell Automation in the 2nd quarter valued at about $2,391,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, VP Isaac Woods sold 250 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $350.00, for a total transaction of $87,500.00. Following the sale, the vice president owned 1,662 shares of the company’s stock, valued at approximately $581,700. This trade represents a 13.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Cyril Perducat sold 1,435 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $348.08, for a total transaction of $499,494.80. Following the sale, the senior vice president directly owned 3,787 shares in the company, valued at approximately $1,318,178.96. The trade was a 27.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 30,375 shares of company stock valued at $10,661,109 over the last quarter. Insiders own 0.68% of the company’s stock.

Rockwell Automation Price Performance

Shares of NYSE ROK opened at $364.18 on Tuesday. The firm has a 50-day simple moving average of $348.30 and a 200-day simple moving average of $328.92. The stock has a market capitalization of $40.95 billion, a price-to-earnings ratio of 42.74, a price-to-earnings-growth ratio of 3.30 and a beta of 1.41. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $375.02.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $0.15. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.07 billion. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. Rockwell Automation’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.71 earnings per share. On average, equities analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 17th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.5%. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.31. The ex-dividend date of this dividend is Monday, November 17th. Rockwell Automation’s dividend payout ratio is 64.79%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Oppenheimer lifted their price objective on shares of Rockwell Automation from $363.00 to $365.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. CICC Research assumed coverage on shares of Rockwell Automation in a research report on Monday, July 7th. They set an “outperform” rating and a $381.00 target price on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Rockwell Automation in a research report on Wednesday, October 8th. Finally, Citigroup reissued a “buy” rating on shares of Rockwell Automation in a research report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $347.94.

About Rockwell Automation

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.