Puzo Michael J lifted its stake in Rockwell Automation (NYSE:ROK) by 5.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 24,158 shares of the industrial products company’s stock after purchasing an additional 1,204 shares during the period. Rockwell Automation makes up about 1.5% of Puzo Michael J’s investment portfolio, making the stock its 28th biggest position. Puzo Michael J’s holdings in Rockwell Automation were worth $3,981,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Rockwell Automation by 0.3% in the second quarter. Vanguard Group Inc. now owns 8,878,447 shares of the industrial products company’s stock valued at $1,454,556,000 after purchasing an additional 25,953 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt grew its position in Rockwell Automation by 2.4% in the third quarter. Alecta Pensionsforsakring Omsesidigt now owns 3,243,265 shares of the industrial products company’s stock worth $534,490,000 after acquiring an additional 75,000 shares during the period. Wells Fargo & Company MN grew its position in Rockwell Automation by 3.3% in the second quarter. Wells Fargo & Company MN now owns 1,557,213 shares of the industrial products company’s stock worth $255,119,000 after acquiring an additional 50,345 shares during the period. Nuveen Asset Management LLC grew its position in Rockwell Automation by 1,664.3% in the second quarter. Nuveen Asset Management LLC now owns 1,422,349 shares of the industrial products company’s stock worth $233,024,000 after acquiring an additional 1,341,730 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Rockwell Automation by 3.1% in the second quarter. Bank of New York Mellon Corp now owns 1,413,727 shares of the industrial products company’s stock worth $231,612,000 after acquiring an additional 42,461 shares during the period. 72.81% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Blake D. Moret sold 1,700 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $179.07, for a total transaction of $304,419.00. Following the completion of the transaction, the chief executive officer now directly owns 41,395 shares in the company, valued at $7,412,602.65. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Blake D. Moret sold 7,300 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $179.67, for a total value of $1,311,591.00. Following the transaction, the chief executive officer now owns 46,995 shares of the company’s stock, valued at $8,443,591.65. The disclosure for this sale can be found here. Company insiders own 1.43% of the company’s stock.
ROK has been the subject of several analyst reports. ValuEngine upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Longbow Research reiterated a “hold” rating on shares of Rockwell Automation in a research report on Tuesday, September 17th. Gordon Haskett lowered Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. increased their price objective on Rockwell Automation from $145.00 to $146.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Finally, Zacks Investment Research lowered Rockwell Automation from a “hold” rating to a “sell” rating and set a $177.00 price objective for the company. in a research report on Wednesday, October 16th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. Rockwell Automation currently has an average rating of “Hold” and a consensus target price of $171.36.
Shares of ROK traded up $18.81 during midday trading on Tuesday, hitting $198.01. 4,105,056 shares of the stock were exchanged, compared to its average volume of 921,389. Rockwell Automation has a 52-week low of $141.46 and a 52-week high of $207.11. The stock has a fifty day simple moving average of $168.36 and a 200 day simple moving average of $162.09. The firm has a market cap of $20.81 billion, a P/E ratio of 24.42, a P/E/G ratio of 2.65 and a beta of 1.41. 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 (NYSE:ROK) last released its quarterly earnings results on Tuesday, November 12th. The industrial products company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.92 by $0.09. Rockwell Automation had a return on equity of 78.71% and a net margin of 15.44%. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the business posted $2.11 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. As a group, equities research analysts forecast that Rockwell Automation will post 8.6 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be given a dividend of $1.02 per share. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.97. This represents a $4.08 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Friday, November 8th. Rockwell Automation’s dividend payout ratio (DPR) is currently 50.31%.
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.
Featured Article: Trading Penny Stocks
Want to see what other hedge funds are holding ROK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rockwell Automation (NYSE:ROK).
Receive News & Ratings for Rockwell Automation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation and related companies with MarketBeat.com's FREE daily email newsletter.