Rockwell Automation, Inc. (ROK) Shares Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lifted its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 123.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,355 shares of the industrial products company’s stock after purchasing an additional 2,407 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Rockwell Automation were worth $776,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ROK. Acrospire Investment Management LLC boosted its position in Rockwell Automation by 166.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock worth $129,000 after acquiring an additional 499 shares during the last quarter. Rockefeller Financial Services Inc. acquired a new position in Rockwell Automation during the 3rd quarter worth approximately $143,000. Sun Life Financial INC boosted its position in Rockwell Automation by 8,490.9% during the 2nd quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock worth $153,000 after acquiring an additional 934 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in Rockwell Automation during the 3rd quarter worth approximately $186,000. Finally, Northstar Wealth Partners LLC acquired a new position in Rockwell Automation during the 3rd quarter worth approximately $202,000. Institutional investors and hedge funds own 72.78% of the company’s stock.

Shares of Rockwell Automation, Inc. (NYSE ROK) opened at $194.57 on Friday. The company has a market capitalization of $24,810.06, a P/E ratio of 30.69, a PEG ratio of 2.17 and a beta of 1.23. The company has a quick ratio of 1.80, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. Rockwell Automation, Inc. has a twelve month low of $133.61 and a twelve month high of $210.72.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.03). Rockwell Automation had a net margin of 13.08% and a return on equity of 38.67%. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last 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 year.

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

A number of equities analysts have weighed in on ROK shares. Credit Suisse Group reaffirmed a “neutral” rating and set a $174.00 price target (up previously from $154.00) on shares of Rockwell Automation in a research report on Wednesday, October 11th. Zacks Investment Research downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Wolfe Research raised Rockwell Automation from a “market perform” rating to an “outperform” rating in a report on Monday, November 20th. J P Morgan Chase & Co initiated coverage on Rockwell Automation in a report on Wednesday, November 29th. They issued a “neutral” rating for the company. Finally, Oppenheimer reissued a “hold” rating on shares of Rockwell Automation in a report on Thursday, November 9th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $169.81.

In related news, VP Steven W. Etzel sold 514 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $190.75, for a total value of $98,045.50. Following the sale, the vice president now owns 7,737 shares in the company, valued at approximately $1,475,832.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Sujeet Chand sold 3,371 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $190.85, for a total value of $643,355.35. Following the completion of the sale, the senior vice president now owns 47,183 shares in the company, valued at approximately $9,004,875.55. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,770 shares of company stock worth $2,054,871. 1.65% of the stock is owned by company 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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