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

Keybank National Association OH cut its stake in shares of Rockwell Automation (NYSE:ROK) by 20.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 82,284 shares of the industrial products company’s stock after selling 21,564 shares during the quarter. Keybank National Association OH’s holdings in Rockwell Automation were worth $13,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the business. Commonwealth Bank of Australia boosted its holdings in Rockwell Automation by 0.5% in the first quarter. Commonwealth Bank of Australia now owns 12,238 shares of the industrial products company’s stock valued at $2,141,000 after purchasing an additional 60 shares during the last quarter. Cooper Financial Group boosted its holdings in Rockwell Automation by 2.2% in the second quarter. Cooper Financial Group now owns 3,007 shares of the industrial products company’s stock valued at $493,000 after purchasing an additional 64 shares during the last quarter. Portland Global Advisors LLC boosted its holdings in Rockwell Automation by 0.3% in the second quarter. Portland Global Advisors LLC now owns 19,964 shares of the industrial products company’s stock valued at $3,271,000 after purchasing an additional 64 shares during the last quarter. O Shares Investment Advisers LLC boosted its holdings in Rockwell Automation by 1.4% in the first quarter. O Shares Investment Advisers LLC now owns 4,853 shares of the industrial products company’s stock valued at $852,000 after purchasing an additional 65 shares during the last quarter. Finally, Page Arthur B boosted its holdings in Rockwell Automation by 0.5% in the first quarter. Page Arthur B now owns 13,274 shares of the industrial products company’s stock valued at $2,328,000 after purchasing an additional 67 shares during the last quarter. 77.00% of the stock is currently owned by institutional investors.

In related news, SVP Michael Laszkiewicz sold 263 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $159.38, for a total transaction of $41,916.94. The transaction 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 company’s stock in a transaction dated 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. In the last 90 days, insiders have sold 3,810 shares of company stock valued at $621,819. Insiders own 1.43% of the company’s stock.

Shares of ROK stock traded down $5.82 during mid-day trading on Wednesday, hitting $147.22. 23,796 shares of the stock were exchanged, compared to its average volume of 924,601. The stock’s fifty day moving average price is $159.43. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.17 and a current ratio of 1.51. Rockwell Automation has a 52-week low of $141.46 and a 52-week high of $198.23. The company has a market capitalization of $17.91 billion, a P/E ratio of 18.31, a PEG ratio of 2.27 and a beta of 1.40.

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

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

Several research firms have commented on ROK. JPMorgan Chase & Co. set a $154.00 price target on shares of Rockwell Automation and gave the company a “hold” rating in a report on Friday, July 19th. Deutsche Bank increased their target price on shares of Rockwell Automation from $173.00 to $186.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. Zacks Investment Research raised shares of Rockwell Automation from a “sell” rating to a “hold” rating and set a $168.00 target price on the stock in a research note on Thursday, July 18th. Barclays lowered their target price on shares of Rockwell Automation from $164.00 to $162.00 and set an “equal weight” rating on the stock in a research note on Monday, July 1st. Finally, Gabelli raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Wednesday, May 29th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $173.33.

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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