Commonwealth Bank of Australia Buys 793 Shares of Rockwell Automation, Inc. (ROK)

Commonwealth Bank of Australia increased its stake in Rockwell Automation, Inc. (NYSE:ROK) by 6.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,683 shares of the industrial products company’s stock after acquiring an additional 793 shares during the period. Commonwealth Bank of Australia’s holdings in Rockwell Automation were worth $2,253,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ROK. Old Mutual Global Investors UK Ltd. bought a new position in Rockwell Automation during the 2nd quarter valued at approximately $126,891,000. Ameriprise Financial Inc. raised its position in Rockwell Automation by 277.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,059,003 shares of the industrial products company’s stock valued at $171,517,000 after purchasing an additional 778,633 shares during the last quarter. BlackRock Inc. raised its position in Rockwell Automation by 7.5% during the 2nd quarter. BlackRock Inc. now owns 9,698,308 shares of the industrial products company’s stock valued at $1,570,735,000 after purchasing an additional 679,645 shares during the last quarter. Voya Investment Management LLC raised its position in Rockwell Automation by 741.5% during the 2nd quarter. Voya Investment Management LLC now owns 695,922 shares of the industrial products company’s stock valued at $112,712,000 after purchasing an additional 613,225 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in Rockwell Automation by 37.9% during the 2nd quarter. Franklin Resources Inc. now owns 1,156,116 shares of the industrial products company’s stock valued at $187,224,000 after purchasing an additional 317,777 shares during the last quarter. 73.04% of the stock is owned by institutional investors.

Shares of Rockwell Automation, Inc. (ROK) traded down $2.62 during trading hours on Monday, hitting $190.46. The stock had a trading volume of 862,800 shares, compared to its average volume of 875,124. Rockwell Automation, Inc. has a 12-month low of $133.61 and a 12-month high of $210.72. The company has a market cap of $24,474.66, a price-to-earnings ratio of 28.22, a P/E/G ratio of 2.14 and a beta of 1.23. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.80.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.03). Rockwell Automation had a return on equity of 38.67% and a net margin of 13.08%. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the company posted $1.52 EPS. The firm’s revenue was up 8.4% on a year-over-year basis. analysts forecast that Rockwell Automation, Inc. will post 7.39 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be given a $0.835 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.34 annualized dividend and a dividend yield of 1.75%. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.76. Rockwell Automation’s dividend payout ratio is currently 52.68%.

A number of research analysts have commented on the company. ValuEngine lowered Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Friday. J P Morgan Chase & Co assumed coverage on Rockwell Automation in a research report on Wednesday, November 29th. They set a “neutral” rating for the company. Oppenheimer reaffirmed a “hold” rating on shares of Rockwell Automation in a research report on Monday, November 20th. Wolfe Research raised Rockwell Automation from a “market perform” rating to an “outperform” rating in a research report on Monday, November 20th. Finally, Zacks Investment Research lowered Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $165.00.

In other news, insider Blake D. Moret sold 1,723 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $170.06, for a total value of $293,013.38. Following the completion of the transaction, the insider now owns 22,849 shares of the company’s stock, valued at approximately $3,885,700.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Blake D. Moret sold 5,677 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $170.10, for a total value of $965,657.70. Following the completion of the sale, the insider now owns 21,426 shares in the company, valued at approximately $3,644,562.60. The disclosure for this sale can be found here. 1.65% of the stock is currently owned by corporate insiders.

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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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