Rockwell Automation, Inc. $ROK Shares Sold by Keybank National Association OH

Keybank National Association OH trimmed its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 2.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,053 shares of the industrial products company’s stock after selling 984 shares during the period. Keybank National Association OH’s holdings in Rockwell Automation were worth $13,969,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its stake in Rockwell Automation by 11.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,819,379 shares of the industrial products company’s stock worth $470,091,000 after acquiring an additional 191,370 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Rockwell Automation by 0.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,579,956 shares of the industrial products company’s stock worth $408,229,000 after purchasing an additional 9,920 shares in the last quarter. Invesco Ltd. lifted its position in shares of Rockwell Automation by 2.2% during the first quarter. Invesco Ltd. now owns 1,448,160 shares of the industrial products company’s stock worth $374,176,000 after purchasing an additional 30,837 shares in the last quarter. Northern Trust Corp lifted its position in shares of Rockwell Automation by 0.4% during the first quarter. Northern Trust Corp now owns 1,396,303 shares of the industrial products company’s stock worth $360,777,000 after purchasing an additional 4,972 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Rockwell Automation by 1.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,170,010 shares of the industrial products company’s stock worth $302,307,000 after purchasing an additional 11,849 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Isaac Woods sold 250 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Blake D. Moret sold 24,400 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $350.13, for a total transaction of $8,543,172.00. Following the sale, the chief executive officer directly owned 83,873 shares in the company, valued at approximately $29,366,453.49. The trade was a 22.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 29,553 shares of company stock worth $10,361,079 over the last 90 days. Insiders own 0.68% of the company’s stock.

Rockwell Automation Price Performance

Shares of ROK opened at $365.88 on Friday. Rockwell Automation, Inc. has a twelve month low of $215.00 and a twelve month high of $375.02. The firm’s fifty day simple moving average is $347.65 and its 200-day simple moving average is $325.70. The firm has a market capitalization of $41.14 billion, a price-to-earnings ratio of 42.94, a PEG ratio of 3.30 and a beta of 1.41. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72.

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

Rockwell Automation Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th will be given a dividend of $1.38 per share. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.31. The ex-dividend date of this dividend is Monday, November 17th. This represents a $5.52 annualized dividend and a dividend yield of 1.5%. Rockwell Automation’s dividend payout ratio is 61.50%.

Analyst Upgrades and Downgrades

ROK has been the topic of a number of research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rockwell Automation in a report on Wednesday, October 8th. Barclays increased their target price on shares of Rockwell Automation from $357.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. Stephens reiterated an “overweight” rating and issued a $375.00 price objective (up from $350.00) on shares of Rockwell Automation in a research note on Wednesday, July 16th. CICC Research initiated coverage on Rockwell Automation in a research note on Monday, July 7th. They issued an “outperform” rating and a $381.00 price objective on the stock. Finally, Citigroup reaffirmed a “buy” rating on shares of Rockwell Automation in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $347.94.

Rockwell Automation Company Profile

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.