Candriam Luxembourg S.C.A. Has $18.61 Million Stake in Rockwell Automation, Inc. (NYSE:ROK)

Candriam Luxembourg S.C.A. reduced its position in Rockwell Automation, Inc. (NYSE:ROK) by 16.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 114,866 shares of the industrial products company’s stock after selling 23,378 shares during the period. Candriam Luxembourg S.C.A. owned about 0.09% of Rockwell Automation worth $18,605,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Jacobus Wealth Management Inc. bought a new position in shares of Rockwell Automation during the first quarter worth approximately $104,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of Rockwell Automation by 1,700.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 720 shares of the industrial products company’s stock worth $112,000 after buying an additional 680 shares during the period. Clarkston Capital Partners LLC bought a new position in shares of Rockwell Automation during the second quarter worth approximately $206,000. Appleton Group LLC bought a new position in shares of Rockwell Automation during the first quarter worth approximately $213,000. Finally, Hunter Associates Investment Management LLC bought a new position in shares of Rockwell Automation during the first quarter worth approximately $215,000. 73.24% of the stock is currently owned by institutional investors and hedge funds.

Shares of Rockwell Automation, Inc. (NYSE ROK) opened at 165.53 on Friday. The company’s 50 day moving average price is $163.36 and its 200 day moving average price is $156.26. The company has a market capitalization of $21.50 billion, a price-to-earnings ratio of 26.69 and a beta of 1.17. Rockwell Automation, Inc. has a 52-week low of $111.52 and a 52-week high of $167.97.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.64 by $0.12. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.58 billion. Rockwell Automation had a return on equity of 40.71% and a net margin of 13.04%. Rockwell Automation’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the business posted $1.55 EPS. On average, analysts predict that Rockwell Automation, Inc. will post $6.75 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.04 annualized dividend and a yield of 1.84%. Rockwell Automation’s payout ratio is currently 49.03%.

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A number of brokerages have commented on ROK. Barclays PLC lifted their price target on Rockwell Automation from $166.00 to $167.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 19th. Zacks Investment Research cut Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Gabelli raised Rockwell Automation from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th. Stifel Nicolaus lifted their price target on Rockwell Automation from $159.00 to $167.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Finally, Wolfe Research began coverage on Rockwell Automation in a research note on Tuesday, July 11th. They issued a “peer perform” rating on the stock. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $152.33.

In other Rockwell Automation news, Director Keith D. Nosbusch sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $157.00, for a total transaction of $1,570,000.00. Following the transaction, the director now directly owns 411,286 shares in the company, valued at approximately $64,571,902. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Steven W. Etzel sold 3,000 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $158.54, for a total value of $475,620.00. Following the transaction, the vice president now owns 9,465 shares in the company, valued at $1,500,581.10. The disclosure for this sale can be found here. Insiders have sold a total of 124,757 shares of company stock worth $20,015,634 over the last 90 days. 1.65% of the stock is currently owned by company insiders.

About Rockwell Automation

Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.

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