Teachers Advisors LLC Cuts Stake in Rockwell Automation Inc. (ROK)

Teachers Advisors LLC cut its position in Rockwell Automation Inc. (NYSE:ROK) by 4.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 183,156 shares of the company’s stock after selling 7,868 shares during the period. Teachers Advisors LLC owned 0.14% of Rockwell Automation worth $22,407,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in ROK. BlackRock Fund Advisors increased its position in Rockwell Automation by 3.8% in the third quarter. BlackRock Fund Advisors now owns 2,201,314 shares of the company’s stock valued at $269,309,000 after buying an additional 80,074 shares during the period. BlackRock Inc. increased its position in Rockwell Automation by 1.8% in the third quarter. BlackRock Inc. now owns 285,566 shares of the company’s stock valued at $34,936,000 after buying an additional 5,024 shares during the period. BlackRock Japan Co. Ltd increased its position in Rockwell Automation by 1.5% in the third quarter. BlackRock Japan Co. Ltd now owns 165,853 shares of the company’s stock valued at $20,290,000 after buying an additional 2,450 shares during the period. AlphaMark Advisors LLC increased its position in Rockwell Automation by 1.3% in the third quarter. AlphaMark Advisors LLC now owns 31,801 shares of the company’s stock valued at $3,891,000 after buying an additional 419 shares during the period. Finally, WINTON GROUP Ltd bought a new position in Rockwell Automation during the third quarter valued at approximately $5,071,000. Institutional investors own 71.96% of the company’s stock.

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

Rockwell Automation Inc. (NYSE:ROK) traded down 0.12% on Tuesday, reaching $135.84. The company’s stock had a trading volume of 147,029 shares. The company has a market cap of $17.42 billion, a P/E ratio of 24.43 and a beta of 1.07. The stock’s 50 day moving average price is $133.24 and its 200 day moving average price is $121.10. Rockwell Automation Inc. has a 12 month low of $87.53 and a 12 month high of $139.64.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Monday, November 7th. The company reported $1.52 EPS for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.03. Rockwell Automation had a return on equity of 36.34% and a net margin of 12.41%. The company earned $1.54 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the prior year, the company earned $1.57 EPS. Rockwell Automation’s revenue was down 4.3% compared to the same quarter last year. Equities research analysts forecast that Rockwell Automation Inc. will post $6.06 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, December 12th. Stockholders of record on Monday, November 14th were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 2.24%. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Wednesday, November 9th. Rockwell Automation’s dividend payout ratio is presently 54.58%.

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Several research firms recently commented on ROK. Sanford C. Bernstein restated a “market perform” rating on shares of Rockwell Automation in a research report on Thursday, December 15th. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Rockwell Automation in a report on Saturday, November 12th. Barclays PLC raised Rockwell Automation from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $118.00 to $141.00 in a report on Monday, October 24th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Rockwell Automation in a report on Friday, October 21st. Finally, Berenberg Bank initiated coverage on Rockwell Automation in a report on Monday, October 3rd. They set a “sell” rating and a $110.00 price target for the company. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $109.83.

In related news, VP Douglas M. Hagerman sold 588 shares of the stock in a transaction on Thursday, December 8th. The stock was sold at an average price of $137.38, for a total value of $80,779.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Steven W. Etzel sold 1,800 shares of the stock in a transaction on Friday, September 30th. The shares were sold at an average price of $121.54, for a total value of $218,772.00. Following the completion of the sale, the vice president now owns 8,286 shares of the company’s stock, valued at $1,007,080.44. The disclosure for this sale can be found here. 1.65% of the stock is owned by insiders.

Rockwell Automation Company 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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