Community Bank N.A. Purchases 32 Shares of Rockwell Automation, Inc. (ROK)

Community Bank N.A. boosted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,032 shares of the industrial products company’s stock after buying an additional 32 shares during the period. Community Bank N.A.’s holdings in Rockwell Automation were worth $329,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Bank of America Corp DE increased its stake in Rockwell Automation by 27.0% in the first quarter. Bank of America Corp DE now owns 1,037,845 shares of the industrial products company’s stock worth $161,602,000 after buying an additional 220,675 shares during the period. Sit Investment Associates Inc. increased its stake in Rockwell Automation by 127.5% in the second quarter. Sit Investment Associates Inc. now owns 147,995 shares of the industrial products company’s stock worth $23,969,000 after buying an additional 82,945 shares during the period. Suntrust Banks Inc. increased its stake in Rockwell Automation by 3.1% in the first quarter. Suntrust Banks Inc. now owns 7,127 shares of the industrial products company’s stock worth $1,108,000 after buying an additional 216 shares during the period. Columbia Partners L L C Investment Management increased its stake in Rockwell Automation by 11.8% in the first quarter. Columbia Partners L L C Investment Management now owns 8,632 shares of the industrial products company’s stock worth $1,344,000 after buying an additional 912 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Rockwell Automation by 36.3% in the first quarter. Russell Investments Group Ltd. now owns 305,997 shares of the industrial products company’s stock worth $47,653,000 after buying an additional 81,426 shares during the period. Hedge funds and other institutional investors own 73.38% of the company’s stock.

Rockwell Automation, Inc. (NYSE ROK) opened at 164.03 on Thursday. The stock has a 50 day moving average of $164.29 and a 200 day moving average of $157.68. The stock has a market capitalization of $21.05 billion, a P/E ratio of 26.45 and a beta of 1.17. Rockwell Automation, Inc. has a 52-week low of $111.52 and a 52-week high of $167.97.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.12. Rockwell Automation had a return on equity of 40.71% and a net margin of 13.04%. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the business earned $1.55 EPS. Rockwell Automation’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, equities research analysts forecast that Rockwell Automation, Inc. will post $6.75 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.04 dividend on an annualized basis and a yield of 1.85%. Rockwell Automation’s payout ratio is 49.03%.

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ROK has been the topic of a number of recent analyst reports. Gabelli upgraded shares of Rockwell Automation from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Cowen and Company boosted their price target on shares of Rockwell Automation from $125.00 to $140.00 and gave the stock a “market perform” rating in a research report on Thursday, July 6th. Barclays PLC boosted their price target on shares of Rockwell Automation from $166.00 to $167.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 19th. Morgan Stanley boosted their price target on shares of Rockwell Automation from $153.00 to $167.00 and gave the stock an “equal weight” rating in a research report on Friday, April 28th. Finally, Zacks Investment Research upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $184.00 price target on the stock in a research report on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $152.33.

In related news, SVP Sujeet Chand sold 9,500 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $165.13, for a total transaction of $1,568,735.00. Following the completion of the sale, the senior vice president now directly owns 41,273 shares of the company’s stock, valued at approximately $6,815,410.49. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Frank C. Kulaszewicz sold 8,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $165.74, for a total value of $1,325,920.00. Following the sale, the senior vice president now directly owns 33,195 shares of the company’s stock, valued at $5,501,739.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 111,825 shares of company stock valued at $18,142,463. 1.65% of the stock is owned by company 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.

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

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