Rockwell Automation, Inc. (ROK) Position Boosted by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board increased its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,974 shares of the industrial products company’s stock after acquiring an additional 1,219 shares during the quarter. Canada Pension Plan Investment Board owned about 0.18% of Rockwell Automation worth $41,340,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. CWM LLC grew its position in Rockwell Automation by 0.3% during the 2nd quarter. CWM LLC now owns 2,125 shares of the industrial products company’s stock worth $344,000 after purchasing an additional 6 shares during the last quarter. Keel Point LLC boosted its holdings in shares of Rockwell Automation by 0.3% in the second quarter. Keel Point LLC now owns 1,724 shares of the industrial products company’s stock valued at $279,000 after acquiring an additional 6 shares in the last quarter. Advisor Partners LLC boosted its holdings in shares of Rockwell Automation by 0.3% in the second quarter. Advisor Partners LLC now owns 2,567 shares of the industrial products company’s stock valued at $416,000 after acquiring an additional 8 shares in the last quarter. Sfmg LLC boosted its holdings in shares of Rockwell Automation by 0.4% in the second quarter. Sfmg LLC now owns 1,796 shares of the industrial products company’s stock valued at $291,000 after acquiring an additional 8 shares in the last quarter. Finally, Westside Investment Management Inc. boosted its holdings in shares of Rockwell Automation by 0.5% in the second quarter. Westside Investment Management Inc. now owns 1,666 shares of the industrial products company’s stock valued at $274,000 after acquiring an additional 9 shares in the last quarter. 72.90% of the stock is currently owned by institutional investors.

In other Rockwell Automation news, insider Blake D. Moret sold 5,677 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $170.10, for a total transaction of $965,657.70. Following the sale, the insider now directly owns 21,426 shares of the company’s stock, valued at $3,644,562.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David M. Dorgan sold 3,000 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $165.05, for a total transaction of $495,150.00. Following the sale, the vice president now directly owns 9,355 shares in the company, valued at $1,544,042.75. The disclosure for this sale can be found here. Insiders sold 10,400 shares of company stock worth $1,753,821 over the last ninety days. 1.65% of the stock is currently owned by corporate insiders.

A number of research firms recently commented on ROK. Morgan Stanley restated an “equal weight” rating and set a $173.00 target price (up previously from $168.00) on shares of Rockwell Automation in a research report on Monday, October 2nd. Citigroup Inc. lifted their target price on shares of Rockwell Automation from $187.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Rockwell Automation in a research report on Friday, August 18th. Zacks Investment Research lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Cowen and Company reissued a “hold” rating and issued a $140.00 price objective on shares of Rockwell Automation in a research report on Sunday, September 17th. Three equities research 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 stock has an average rating of “Hold” and a consensus price target of $165.00.

Rockwell Automation, Inc. (ROK) opened at $192.54 on Tuesday. The firm has a market cap of $24,723.27, a price-to-earnings ratio of 28.53, a PEG ratio of 2.21 and a beta of 1.24. The company has a quick ratio of 3.00, a current ratio of 3.46 and a debt-to-equity ratio of 0.47. Rockwell Automation, Inc. has a 52 week low of $129.66 and a 52 week high of $210.72.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.03). The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. Rockwell Automation had a net margin of 13.08% and a return on equity of 38.67%. The company’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.52 earnings per share. analysts anticipate that Rockwell Automation, Inc. will post 7.39 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be issued a $0.835 dividend. The ex-dividend date is Friday, November 10th. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.76. This represents a $3.34 annualized dividend and a yield of 1.73%. Rockwell Automation’s dividend payout ratio is currently 52.68%.

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Rockwell Automation Profile

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.

Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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