Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its holdings in Rockwell Automation, Inc. (NYSE:ROK – Get Rating) by 6.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,714 shares of the industrial products company’s stock after selling 1,161 shares during the quarter. Teacher Retirement System of Texas’ holdings in Rockwell Automation were worth $3,595,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Bailard Inc. lifted its holdings in shares of Rockwell Automation by 49.0% during the third quarter. Bailard Inc. now owns 1,709 shares of the industrial products company’s stock worth $368,000 after purchasing an additional 562 shares during the period. First Hawaiian Bank lifted its holdings in shares of Rockwell Automation by 176.3% during the second quarter. First Hawaiian Bank now owns 2,158 shares of the industrial products company’s stock worth $430,000 after purchasing an additional 1,377 shares during the period. J.W. Cole Advisors Inc. lifted its holdings in shares of Rockwell Automation by 112.4% during the third quarter. J.W. Cole Advisors Inc. now owns 2,608 shares of the industrial products company’s stock worth $561,000 after purchasing an additional 1,380 shares during the period. Illinois Municipal Retirement Fund raised its position in Rockwell Automation by 38.8% during the second quarter. Illinois Municipal Retirement Fund now owns 9,846 shares of the industrial products company’s stock valued at $1,962,000 after acquiring an additional 2,750 shares in the last quarter. Finally, Pinebridge Investments L.P. raised its position in Rockwell Automation by 109.9% during the second quarter. Pinebridge Investments L.P. now owns 48,364 shares of the industrial products company’s stock valued at $9,639,000 after acquiring an additional 25,323 shares in the last quarter. Institutional investors and hedge funds own 77.66% of the company’s stock.

Insiders Place Their Bets

In other Rockwell Automation news, VP John M. Miller sold 190 shares of the business’s stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of $256.63, for a total transaction of $48,759.70. Following the transaction, the vice president now owns 4,761 shares of the company’s stock, valued at $1,221,815.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Christopher Nardecchia sold 1,279 shares of the company’s stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of $256.55, for a total value of $328,127.45. Following the transaction, the senior vice president now owns 8,177 shares of the company’s stock, valued at approximately $2,097,809.35. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP John M. Miller sold 190 shares of the company’s stock in a transaction on Wednesday, December 7th. The shares were sold at an average price of $256.63, for a total value of $48,759.70. Following the completion of the transaction, the vice president now directly owns 4,761 shares in the company, valued at approximately $1,221,815.43. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,304 shares of company stock valued at $3,410,562. Insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

ROK has been the subject of several recent research reports. Barclays lifted their price target on Rockwell Automation from $206.00 to $220.00 and gave the company an “equal weight” rating in a research report on Thursday, January 5th. Deutsche Bank Aktiengesellschaft lifted their price target on Rockwell Automation from $231.00 to $239.00 and gave the company a “hold” rating in a research report on Thursday, October 13th. Bank of America cut Rockwell Automation from a “buy” rating to a “neutral” rating in a research report on Monday, December 12th. Wells Fargo & Company boosted their price objective on Rockwell Automation from $233.00 to $249.00 and gave the company an “underweight” rating in a research report on Thursday, January 19th. Finally, The Goldman Sachs Group boosted their price objective on Rockwell Automation from $211.00 to $238.00 and gave the company a “sell” rating in a research report on Thursday, December 15th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Rockwell Automation presently has a consensus rating of “Hold” and a consensus target price of $245.63.

Rockwell Automation Stock Up 0.9 %

Shares of ROK opened at $277.98 on Wednesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.72 and a current ratio of 1.01. Rockwell Automation, Inc. has a one year low of $190.08 and a one year high of $306.92. The stock has a market capitalization of $31.92 billion, a price-to-earnings ratio of 34.88, a PEG ratio of 3.20 and a beta of 1.44. The stock has a 50 day moving average price of $264.56 and a 200 day moving average price of $247.33.

Rockwell Automation (NYSE:ROK – Get Rating) last issued its quarterly earnings results on Wednesday, November 2nd. The industrial products company reported $3.04 EPS for the quarter, topping the consensus estimate of $2.94 by $0.10. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Rockwell Automation had a return on equity of 38.84% and a net margin of 12.01%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.33 earnings per share. Equities research analysts forecast that Rockwell Automation, Inc. will post 10.68 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 12th. Shareholders of record on Monday, November 14th were paid a dividend of $1.18 per share. The ex-dividend date of this dividend was Thursday, November 10th. This represents a $4.72 dividend on an annualized basis and a yield of 1.70%. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.12. Rockwell Automation’s payout ratio is 59.22%.

Rockwell Automation Profile

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Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.