Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by World Asset Management Inc

World Asset Management Inc lowered its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 9.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,610 shares of the industrial products company’s stock after selling 1,275 shares during the period. World Asset Management Inc’s holdings in Rockwell Automation were worth $1,880,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Quadrature Capital Ltd bought a new stake in Rockwell Automation during the fourth quarter valued at $2,084,000. Teachers Advisors LLC raised its stake in Rockwell Automation by 59.1% in the fourth quarter. Teachers Advisors LLC now owns 291,486 shares of the industrial products company’s stock worth $39,176,000 after buying an additional 108,330 shares during the last quarter. Kentucky Retirement Systems acquired a new stake in Rockwell Automation during the fourth quarter worth $1,251,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Rockwell Automation during the fourth quarter worth $558,000. Finally, Macquarie Group Ltd. raised its stake in Rockwell Automation by 97.5% in the fourth quarter. Macquarie Group Ltd. now owns 7,900 shares of the industrial products company’s stock worth $1,062,000 after buying an additional 3,900 shares during the last quarter. Institutional investors own 73.38% of the company’s stock.

Shares of Rockwell Automation, Inc. (ROK) traded up 0.07% during mid-day trading on Friday, reaching $161.38. The company’s stock had a trading volume of 567,777 shares. The company’s 50 day moving average price is $164.38 and its 200-day moving average price is $157.79. The company has a market capitalization of $20.71 billion, a price-to-earnings ratio of 26.02 and a beta of 1.17. Rockwell Automation, Inc. has a 1-year low of $111.52 and a 1-year high of $167.97.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.12. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Rockwell Automation had a return on equity of 40.71% and a net margin of 13.04%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.55 earnings per share. Analysts predict that Rockwell Automation, Inc. will post $6.75 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.04 annualized dividend and a dividend yield of 1.88%. Rockwell Automation’s dividend payout ratio is currently 49.03%.

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ROK has been the topic of a number of recent analyst reports. Credit Suisse Group reiterated a “hold” rating and issued a $155.00 target price on shares of Rockwell Automation in a research note on Thursday, April 27th. Barclays PLC set a $176.00 price target on Rockwell Automation and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Stifel Nicolaus increased their price target on Rockwell Automation from $159.00 to $167.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Morgan Stanley increased their price target on 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, BidaskClub raised Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. Rockwell Automation presently has an average rating of “Hold” and an average target price of $152.33.

In other Rockwell Automation news, VP David M. Dorgan sold 3,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $165.05, for a total transaction of $495,150.00. Following the sale, the vice president now directly owns 9,355 shares of the company’s stock, valued at approximately $1,544,042.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Blake D. Moret sold 3,100 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $164.88, for a total transaction of $511,128.00. The disclosure for this sale can be found here. Insiders sold 114,825 shares of company stock worth $18,637,613 in the last ninety days. 1.65% of the stock is owned by corporate insiders.

About Rockwell Automation

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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