Rockwell Automation (NYSE:ROK) Stake Lessened by Amundi Pioneer Asset Management Inc.

Amundi Pioneer Asset Management Inc. decreased its holdings in shares of Rockwell Automation (NYSE:ROK) by 5.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,148 shares of the industrial products company’s stock after selling 8,887 shares during the period. Amundi Pioneer Asset Management Inc.’s holdings in Rockwell Automation were worth $26,521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in ROK. ETF Managers Group LLC lifted its holdings in Rockwell Automation by 15.8% during the fourth quarter. ETF Managers Group LLC now owns 749 shares of the industrial products company’s stock valued at $113,000 after purchasing an additional 102 shares in the last quarter. BB&T Securities LLC lifted its holdings in Rockwell Automation by 3.0% during the fourth quarter. BB&T Securities LLC now owns 5,619 shares of the industrial products company’s stock valued at $845,000 after purchasing an additional 162 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in Rockwell Automation by 1.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 13,431 shares of the industrial products company’s stock valued at $2,021,000 after purchasing an additional 137 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Rockwell Automation by 10.4% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 11,406 shares of the industrial products company’s stock valued at $1,716,000 after purchasing an additional 1,072 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in Rockwell Automation by 15,107.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,142,955 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 5,109,136 shares in the last quarter. Hedge funds and other institutional investors own 75.18% of the company’s stock.

In other news, SVP Michael Laszkiewicz sold 263 shares of the business’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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.43% of the stock is currently owned by insiders.

ROK has been the topic of several analyst reports. BMO Capital Markets lowered 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. Zacks Investment Research downgraded shares of Rockwell Automation from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Morgan Stanley set a $159.00 price target on shares of Rockwell Automation and gave the company a “sell” rating in a report on Friday, April 26th. 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. Finally, UBS Group downgraded shares of Rockwell Automation from a “buy” rating to a “neutral” rating and lifted their price target for the company from $182.00 to $190.00 in a report on Wednesday, March 20th. Six equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. Rockwell Automation has an average rating of “Hold” and a consensus target price of $173.67.

ROK stock opened at $157.98 on Thursday. Rockwell Automation has a one year low of $141.46 and a one year high of $198.23. The company has a current ratio of 1.59, a quick ratio of 1.23 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $18.62 billion, a PE ratio of 19.48, a P/E/G ratio of 2.27 and a beta of 1.43.

Rockwell Automation (NYSE:ROK) last released its earnings results on Thursday, April 25th. The industrial products company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.07). Rockwell Automation had a return on equity of 73.82% and a net margin of 14.43%. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period last year, the firm posted $1.89 EPS. Rockwell Automation’s quarterly revenue was up .4% compared to the same quarter last year. On average, equities research analysts predict that Rockwell Automation will post 8.95 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Friday, August 9th. Rockwell Automation’s dividend payout ratio (DPR) is presently 47.84%.

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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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