Ieq Capital LLC Has $1.36 Million Stock Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Ieq Capital LLC lessened its stake in shares of Rockwell Automation, Inc. (NYSE:ROKGet Rating) by 46.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,322 shares of the industrial products company’s stock after selling 5,375 shares during the period. Ieq Capital LLC’s holdings in Rockwell Automation were worth $1,360,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Rockwell Automation by 0.9% during the first quarter. Vanguard Group Inc. now owns 11,472,877 shares of the industrial products company’s stock valued at $3,212,750,000 after purchasing an additional 106,641 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Rockwell Automation by 13.9% in the second quarter. JPMorgan Chase & Co. now owns 2,364,908 shares of the industrial products company’s stock worth $471,350,000 after acquiring an additional 288,808 shares during the last quarter. Amundi grew its stake in shares of Rockwell Automation by 70.1% in the second quarter. Amundi now owns 1,941,741 shares of the industrial products company’s stock worth $387,703,000 after acquiring an additional 800,290 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of Rockwell Automation by 3.3% in the second quarter. Lazard Asset Management LLC now owns 1,181,718 shares of the industrial products company’s stock worth $235,527,000 after acquiring an additional 37,515 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Rockwell Automation by 2.5% in the second quarter. Goldman Sachs Group Inc. now owns 1,082,189 shares of the industrial products company’s stock worth $215,691,000 after acquiring an additional 26,780 shares during the last quarter. Institutional investors and hedge funds own 77.66% of the company’s stock.

Rockwell Automation Stock Up 0.9 %

Shares of NYSE ROK opened at $277.98 on Wednesday. The stock has a market cap of $31.92 billion, a PE ratio of 34.88, a PEG ratio of 3.20 and a beta of 1.44. The business has a fifty day moving average of $264.56 and a two-hundred day moving average of $247.33. Rockwell Automation, Inc. has a 52-week low of $190.08 and a 52-week high of $306.92. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.72 and a current ratio of 1.01.

Rockwell Automation (NYSE:ROKGet Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The industrial products company reported $3.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.10. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Rockwell Automation had a return on equity of 38.84% and a net margin of 12.01%. The business’s revenue was up 17.6% on a year-over-year basis. During the same period last year, the business earned $2.33 earnings per share. As a group, equities research analysts expect that Rockwell Automation, Inc. will post 10.68 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 12th. Stockholders of record on Monday, November 14th were paid a $1.18 dividend. The ex-dividend date of this dividend was Thursday, November 10th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.12. This represents a $4.72 dividend on an annualized basis and a dividend yield of 1.70%. Rockwell Automation’s dividend payout ratio (DPR) is 59.22%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Robert W. Baird raised their price objective on shares of Rockwell Automation from $250.00 to $265.00 and gave the stock an “outperform” rating in a research note on Thursday, November 17th. Oppenheimer raised their price objective on shares of Rockwell Automation from $278.00 to $290.00 and gave the stock an “outperform” rating in a research note on Tuesday. Bank of America downgraded shares of Rockwell Automation from a “buy” rating to a “neutral” rating in a research note on Monday, December 12th. The Goldman Sachs Group raised their target price on Rockwell Automation from $211.00 to $238.00 and gave the stock a “sell” rating in a research report on Thursday, December 15th. Finally, StockNews.com initiated coverage on Rockwell Automation in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Rockwell Automation presently has a consensus rating of “Hold” and an average target price of $245.63.

Insider Activity

In other news, SVP Veena M. Lakkundi sold 606 shares of the firm’s stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $242.24, for a total value of $146,797.44. Following the completion of the sale, the senior vice president now directly owns 1,269 shares in the company, valued at $307,402.56. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Blake D. Moret sold 8,867 shares of the firm’s stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of $256.61, for a total value of $2,275,360.87. Following the completion of the sale, the chief executive officer now directly owns 64,699 shares in the company, valued at $16,602,410.39. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Veena M. Lakkundi sold 606 shares of the firm’s stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $242.24, for a total value of $146,797.44. Following the completion of the sale, the senior vice president now owns 1,269 shares of the company’s stock, valued at $307,402.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,304 shares of company stock worth $3,410,562. 0.64% of the stock is owned by corporate insiders.

Rockwell Automation Company Profile

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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.

Further Reading

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

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