Rockwell Automation, Inc. (ROK) Shares Sold by Capital International Investors

Capital International Investors lessened its stake in Rockwell Automation, Inc. (NYSE:ROK) by 30.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 687,300 shares of the industrial products company’s stock after selling 300,100 shares during the period. Capital International Investors owned 0.54% of Rockwell Automation worth $122,484,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ROK. TD Asset Management Inc. raised its position in shares of Rockwell Automation by 8.8% during the 2nd quarter. TD Asset Management Inc. now owns 60,967 shares of the industrial products company’s stock valued at $9,874,000 after acquiring an additional 4,936 shares during the last quarter. Wetherby Asset Management Inc. increased its position in shares of Rockwell Automation by 1.9% in the 2nd quarter. Wetherby Asset Management Inc. now owns 2,660 shares of the industrial products company’s stock valued at $431,000 after buying an additional 49 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Rockwell Automation by 5.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 612,402 shares of the industrial products company’s stock valued at $99,185,000 after buying an additional 30,075 shares in the last quarter. National Planning Corp increased its position in shares of Rockwell Automation by 11.9% in the 2nd quarter. National Planning Corp now owns 1,965 shares of the industrial products company’s stock valued at $320,000 after buying an additional 209 shares in the last quarter. Finally, Arizona State Retirement System increased its position in shares of Rockwell Automation by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 32,000 shares of the industrial products company’s stock valued at $5,183,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

In related news, Director Lawrence D. Kingsley bought 365 shares of Rockwell Automation stock in a transaction that occurred on Thursday, September 28th. The stock was purchased at an average cost of $99.77 per share, with a total value of $36,416.05. Following the purchase, the director now owns 5,421 shares in the company, valued at $540,853.17. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Steven W. Etzel sold 514 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $190.75, for a total transaction of $98,045.50. Following the transaction, the vice president now owns 7,737 shares of the company’s stock, valued at $1,475,832.75. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 1,340 shares of company stock valued at $137,336 and sold 18,170 shares valued at $3,313,542. 1.65% of the stock is currently owned by corporate insiders.

Shares of Rockwell Automation, Inc. (ROK) traded down $1.39 during midday trading on Tuesday, reaching $191.47. 485,800 shares of the company were exchanged, compared to its average volume of 875,929. The firm has a market cap of $24,783.07, a price-to-earnings ratio of 28.57, a PEG ratio of 2.16 and a beta of 1.23. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.80 and a current ratio of 2.06. Rockwell Automation, Inc. has a 12-month low of $133.61 and a 12-month high of $210.72.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.72 by ($0.03). The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. Rockwell Automation had a return on equity of 38.67% and a net margin of 13.08%. Rockwell Automation’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 earnings per share. analysts expect that Rockwell Automation, Inc. will post 7.39 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Monday, November 13th were paid a $0.835 dividend. The ex-dividend date was Friday, November 10th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.76. This represents a $3.34 dividend on an annualized basis and a yield of 1.74%. Rockwell Automation’s dividend payout ratio is presently 52.68%.

A number of analysts recently commented on the stock. Oppenheimer restated a “hold” rating on shares of Rockwell Automation in a research report on Friday, August 18th. cut shares of Rockwell Automation from a “hold” rating to a “reduce” rating in a research report on Thursday, November 2nd. Morgan Stanley restated an “equal weight” rating and issued a $173.00 price objective (up previously from $168.00) on shares of Rockwell Automation in a research report on Monday, October 2nd. Zacks Investment Research cut shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, Goldman Sachs Group restated a “neutral” rating and issued a $193.00 price objective on shares of Rockwell Automation in a research report on Friday. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $167.87.

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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.

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

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