Rockwell Automation, Inc. (ROK) Holdings Reduced by Janus Henderson Group PLC

Janus Henderson Group PLC lowered its position in Rockwell Automation, Inc. (NYSE:ROK) by 27.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 144,214 shares of the industrial products company’s stock after selling 55,191 shares during the quarter. Janus Henderson Group PLC owned approximately 0.11% of Rockwell Automation worth $25,699,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Rockwell Automation during the 2nd quarter worth about $126,891,000. Ameriprise Financial Inc. lifted its stake in shares of 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 worth $171,517,000 after buying an additional 778,633 shares during the last quarter. BlackRock Inc. increased its position in Rockwell Automation by 7.5% during the second quarter. BlackRock Inc. now owns 9,698,308 shares of the industrial products company’s stock worth $1,570,735,000 after acquiring an additional 679,645 shares during the period. Voya Investment Management LLC increased its position in Rockwell Automation by 741.5% during the second quarter. Voya Investment Management LLC now owns 695,922 shares of the industrial products company’s stock worth $112,712,000 after acquiring an additional 613,225 shares during the period. Finally, Franklin Resources Inc. increased its position in Rockwell Automation by 37.9% during the second quarter. Franklin Resources Inc. now owns 1,156,116 shares of the industrial products company’s stock worth $187,224,000 after acquiring an additional 317,777 shares during the period. Hedge funds and other institutional investors own 72.78% of the company’s stock.

In other Rockwell Automation news, Director Lawrence D. Kingsley purchased 365 shares of the firm’s stock in a transaction on Thursday, September 28th. The stock was acquired at an average price of $99.77 per share, for a total transaction of $36,416.05. Following the purchase, the director now owns 5,421 shares of the company’s stock, valued at approximately $540,853.17. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Sujeet Chand sold 3,371 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $190.85, for a total transaction of $643,355.35. Following the sale, the senior vice president now owns 47,183 shares of the company’s stock, valued at approximately $9,004,875.55. The disclosure for this sale can be found here. Insiders sold a total of 10,770 shares of company stock worth $2,054,871 in the last 90 days. Corporate insiders own 1.65% of the company’s stock.

Shares of Rockwell Automation, Inc. (NYSE ROK) opened at $194.14 on Friday. The company has a current ratio of 2.06, a quick ratio of 1.80 and a debt-to-equity ratio of 0.47. Rockwell Automation, Inc. has a 1 year low of $133.61 and a 1 year high of $210.72. The company has a market cap of $24,810.06, a P/E ratio of 28.60, a P/E/G ratio of 2.17 and a beta of 1.23.

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

The company also recently declared a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 13th were given a $0.835 dividend. The ex-dividend date was Friday, November 10th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.72%. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.76. Rockwell Automation’s payout ratio is 52.68%.

A number of equities analysts recently commented on the stock. lowered shares of Rockwell Automation from a “hold” rating to a “reduce” rating in a research report on Thursday, November 2nd. J P Morgan Chase & Co assumed coverage on shares of Rockwell Automation in a research report on Wednesday, November 29th. They set a “neutral” rating on the stock. Wolfe Research raised shares of Rockwell Automation from a “market perform” rating to an “outperform” rating in a research report on Monday, November 20th. Oppenheimer reissued a “hold” rating on shares of Rockwell Automation in a report on Monday, November 20th. Finally, Daiwa Capital Markets began coverage on shares of Rockwell Automation in a report on Wednesday. They issued a “neutral” rating and a $199.00 target price on the stock. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $169.81.

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

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