Moreno Evelyn V Lowers Stake in Rockwell Automation (NYSE:ROK)

Moreno Evelyn V reduced its holdings in shares of Rockwell Automation (NYSE:ROK) by 6.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,674 shares of the industrial products company’s stock after selling 2,675 shares during the period. Rockwell Automation accounts for about 2.0% of Moreno Evelyn V’s investment portfolio, making the stock its 26th largest holding. Moreno Evelyn V’s holdings in Rockwell Automation were worth $6,664,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ROK. Zions Bancorporation N.A. bought a new stake in Rockwell Automation during the 1st quarter valued at about $26,000. Coastal Capital Group Inc. bought a new stake in shares of Rockwell Automation in the second quarter worth approximately $25,000. Thor Advisors LLC bought a new stake in shares of Rockwell Automation in the first quarter worth approximately $29,000. TCG Advisors LP bought a new stake in shares of Rockwell Automation in the first quarter worth approximately $29,000. Finally, Capital Advisors Ltd. LLC grew its stake in shares of Rockwell Automation by 426.5% in the second quarter. Capital Advisors Ltd. LLC now owns 179 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 145 shares during the period. 77.00% of the stock is owned by institutional investors.

Shares of ROK traded down $0.44 on Thursday, reaching $146.48. The company’s stock had a trading volume of 308,889 shares, compared to its average volume of 1,215,649. The company has a quick ratio of 1.17, a current ratio of 1.51 and a debt-to-equity ratio of 1.68. The stock has a market capitalization of $17.54 billion, a PE ratio of 18.06, a P/E/G ratio of 2.21 and a beta of 1.40. The company’s 50 day moving average price is $159.16. Rockwell Automation has a 12-month low of $141.46 and a 12-month high of $198.23.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Thursday, July 25th. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.11. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.72 billion. Rockwell Automation had a net margin of 15.44% and a return on equity of 78.71%. The firm’s revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.16 earnings per share. As a group, research analysts expect that Rockwell Automation will post 8.64 earnings per share 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 issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Friday, August 9th. Rockwell Automation’s payout ratio is 47.84%.

In related news, SVP Michael Laszkiewicz sold 263 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $159.38, for a total value of $41,916.94. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP John M. Miller sold 3,250 shares of Rockwell Automation stock in a transaction that occurred on Monday, July 29th. The shares were 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 three months, insiders sold 3,810 shares of company stock worth $621,819. 1.43% of the stock is currently owned by insiders.

A number of brokerages have recently commented on ROK. Morgan Stanley reduced their price target on shares of Rockwell Automation from $159.00 to $144.00 and set an “underweight” rating for the company in a research note on Friday, June 14th. BMO Capital Markets reduced their price target on shares of Rockwell Automation from $223.00 to $214.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Wells Fargo & Co reiterated a “buy” rating on shares of Rockwell Automation in a research note on Friday, July 26th. Barclays reduced their price target on shares of Rockwell Automation from $164.00 to $162.00 and set an “equal weight” rating for the company in a research note on Monday, July 1st. Finally, Gabelli upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $160.00 price target for the company 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 given a buy rating to the company. Rockwell Automation currently has a consensus rating of “Hold” and a consensus price target of $173.33.

Rockwell Automation 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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