Trade Report: Today, Rockwell Automation Inc. (ROK) Position Decreased by BB&T Corp

Today, Rockwell Automation Inc. (ROK) Position Decreased by BB&T Corp

BB&T Corp cut its position in shares of Rockwell Automation Inc. (NYSE:ROK) by 11.4% during the third quarter, Holdings Channel reports. The fund owned 9,091 shares of the company’s stock after selling 1,170 shares during the period. BB&T Corp’s holdings in Rockwell Automation were worth $1,113,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ROK. Aberdeen Asset Management PLC UK increased its position in shares of Rockwell Automation by 2.3% in the second quarter. Aberdeen Asset Management PLC UK now owns 391,884 shares of the company’s stock valued at $44,996,000 after buying an additional 8,907 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Rockwell Automation by 92.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 271,450 shares of the company’s stock valued at $31,168,000 after buying an additional 130,546 shares in the last quarter. PGGM Investments increased its position in shares of Rockwell Automation by 67.3% in the second quarter. PGGM Investments now owns 716,358 shares of the company’s stock valued at $82,252,000 after buying an additional 288,050 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Rockwell Automation by 4.9% in the second quarter. Robeco Institutional Asset Management B.V. now owns 404,319 shares of the company’s stock valued at $46,424,000 after buying an additional 19,000 shares in the last quarter. Finally, Associated Banc Corp increased its position in shares of Rockwell Automation by 4.5% in the second quarter. Associated Banc Corp now owns 2,874 shares of the company’s stock valued at $330,000 after buying an additional 123 shares in the last quarter. 72.95% of the stock is currently owned by institutional investors and hedge funds.

Shares of Rockwell Automation Inc. (NYSE:ROK) traded up 0.11% during trading on Thursday, hitting $131.86. The stock had a trading volume of 684,027 shares. The stock has a 50 day moving average price of $122.70 and a 200-day moving average price of $117.96. Rockwell Automation Inc. has a one year low of $87.53 and a one year high of $133.68. The stock has a market capitalization of $16.91 billion, a price-to-earnings ratio of 23.72 and a beta of 1.00.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Monday, November 7th. The company reported $1.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.03. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.51 billion. Rockwell Automation had a return on equity of 36.34% and a net margin of 12.41%. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.57 earnings per share. On average, equities research analysts predict that Rockwell Automation Inc. will post $6.06 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Monday, November 14th will be paid a dividend of $0.76 per share. The ex-dividend date is Wednesday, November 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 2.31%. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.73. Rockwell Automation’s dividend payout ratio (DPR) is 54.58%.

Several research analysts have commented on the company. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Rockwell Automation in a research report on Saturday, November 12th. Barclays PLC lowered their price objective on Rockwell Automation from $120.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 28th. Citigroup Inc. lowered their price objective on Rockwell Automation from $120.00 to $118.00 and set a “neutral” rating on the stock in a research report on Thursday, July 28th. Berenberg Bank began coverage on Rockwell Automation in a research report on Monday, October 3rd. They set a “sell” rating and a $110.00 price objective on the stock. Finally, Sanford C. Bernstein upgraded Rockwell Automation from an “underperform” rating to a “market perform” rating and boosted their price objective for the company from $105.00 to $121.00 in a research report on Friday, September 30th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $109.83.

In other Rockwell Automation news, Director Keith D. Nosbusch sold 50,000 shares of the firm’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $132.55, for a total transaction of $6,627,500.00. Following the transaction, the director now owns 389,896 shares in the company, valued at approximately $51,680,714.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Douglas M. Hagerman sold 1,400 shares of the firm’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $119.17, for a total value of $166,838.00. Following the transaction, the vice president now owns 32,091 shares in the company, valued at approximately $3,824,284.47. The disclosure for this sale can be found here. Insiders own 1.54% of the company’s stock.

Rockwell Automation Company 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.

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