Keybank National Association OH Reduces Position in Rockwell Automation (NYSE:ROK)

Keybank National Association OH lessened its holdings in shares of Rockwell Automation (NYSE:ROK) by 20.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,284 shares of the industrial products company’s stock after selling 21,564 shares during the period. Keybank National Association OH owned about 0.07% of Rockwell Automation worth $13,481,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Zions Bancorporation N.A. purchased a new position in shares of Rockwell Automation during the first quarter valued at approximately $26,000. Coastal Capital Group Inc. purchased a new position in shares of Rockwell Automation during the second quarter valued at approximately $25,000. Thor Advisors LLC purchased a new position in shares of Rockwell Automation during the first quarter valued at approximately $29,000. TCG Advisors LP purchased a new position in shares of Rockwell Automation during the first quarter valued at approximately $29,000. Finally, Capital Advisors Ltd. LLC boosted its position in shares of Rockwell Automation by 426.5% during the second quarter. Capital Advisors Ltd. LLC now owns 179 shares of the industrial products company’s stock valued at $29,000 after buying an additional 145 shares during the period. Institutional investors and hedge funds own 77.00% of the company’s stock.

Several research analysts have issued reports on the company. Citigroup dropped their target price on Rockwell Automation from $184.00 to $181.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Wells Fargo & Co reiterated a “buy” rating on shares of Rockwell Automation in a report on Friday, July 26th. Zacks Investment Research upgraded Rockwell Automation from a “sell” rating to a “hold” rating and set a $168.00 price target for the company in a report on Thursday, July 18th. BMO Capital Markets lowered their price target on Rockwell Automation from $223.00 to $214.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Finally, Gabelli upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a report on Wednesday, May 29th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $173.33.

In related news, insider Blake D. Moret sold 297 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $161.53, for a total value of $47,974.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John M. Miller sold 3,250 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $163.67, for a total transaction of $531,927.50. The disclosure for this sale can be found here. Insiders sold 3,810 shares of company stock valued at $621,819 in the last three months. 1.43% of the stock is currently owned by insiders.

Shares of NYSE ROK traded down $5.82 during trading hours on Wednesday, reaching $147.22. The stock had a trading volume of 23,796 shares, compared to its average volume of 924,601. The company has a current ratio of 1.51, a quick ratio of 1.17 and a debt-to-equity ratio of 1.68. The firm has a market cap of $17.91 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 2.27 and a beta of 1.40. The company has a fifty day moving average price of $159.43. Rockwell Automation has a 52-week low of $141.46 and a 52-week high of $198.23.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Thursday, July 25th. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.11. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.72 billion. Rockwell Automation had a return on equity of 78.71% and a net margin of 15.44%. Rockwell Automation’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.16 earnings per share. As a group, equities research analysts anticipate that Rockwell Automation will post 8.64 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 12th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Friday, August 9th. Rockwell Automation’s dividend payout ratio (DPR) is 47.84%.

Rockwell Automation Company Profile

Rockwell Automation, Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

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

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