Stephens Investment Management Group LLC Grows Stock Holdings in Rockwell Automation (NYSE:ROK)

Stephens Investment Management Group LLC boosted its holdings in shares of Rockwell Automation (NYSE:ROK) by 2.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 124,217 shares of the industrial products company’s stock after purchasing an additional 2,521 shares during the quarter. Stephens Investment Management Group LLC owned about 0.11% of Rockwell Automation worth $20,350,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Zions Bancorporation N.A. purchased a new stake in shares of Rockwell Automation in the first quarter valued at $26,000. Coastal Capital Group Inc. bought a new position in shares of Rockwell Automation in the second quarter worth about $25,000. Thor Advisors LLC bought a new position in shares of Rockwell Automation in the first quarter worth about $29,000. TCG Advisors LP bought a new position in shares of Rockwell Automation in the first quarter worth about $29,000. Finally, Capital Advisors Ltd. LLC grew its holdings in shares of Rockwell Automation by 426.5% in the second quarter. Capital Advisors Ltd. LLC now owns 179 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 145 shares during the last quarter. 77.00% of the stock is currently owned by institutional investors.

In other news, insider Blake D. Moret sold 297 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $161.53, for a total value of $47,974.41. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Michael Laszkiewicz sold 263 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $159.38, for a total transaction of $41,916.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,810 shares of company stock worth $621,819. 1.43% of the stock is owned by company insiders.

A number of research analysts have recently commented on ROK shares. Zacks Investment Research upgraded shares of Rockwell Automation from a “sell” rating to a “hold” rating and set a $168.00 price target on the stock in a report on Thursday, July 18th. BMO Capital Markets cut 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. Citigroup cut their price target on shares of Rockwell Automation from $184.00 to $181.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Barclays cut their price target on shares of Rockwell Automation from $164.00 to $162.00 and set an “equal weight” rating on the stock in a report on Monday, July 1st. Finally, JPMorgan Chase & Co. set a $154.00 price target on shares of Rockwell Automation and gave the stock a “hold” rating in a report on Friday, July 19th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $173.33.

Rockwell Automation stock traded up $4.15 during midday trading on Friday, hitting $150.08. 19,281 shares of the company’s stock were exchanged, compared to its average volume of 1,173,635. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.17 and a current ratio of 1.51. Rockwell Automation has a 12 month low of $141.46 and a 12 month high of $198.23. The firm has a 50-day moving average of $158.83 and a two-hundred day moving average of $168.36. The company has a market cap of $17.91 billion, a PE ratio of 18.44, a P/E/G ratio of 2.26 and a beta of 1.40.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Thursday, July 25th. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.29 by $0.11. Rockwell Automation had a net margin of 15.44% and a return on equity of 78.71%. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the prior year, the business earned $2.16 EPS. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. As a group, equities analysts expect that Rockwell Automation will post 8.67 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 2.59%. The ex-dividend date is Friday, August 9th. Rockwell Automation’s payout ratio is 47.84%.

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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