Today, 4,716 Shares of Rockwell Automation Inc. (ROK) are sold by US Bancorp DE

Today, 4,716 Shares of Rockwell Automation Inc. (ROK) are sold by US Bancorp DE
US Bancorp DE cut its position in shares of Rockwell Automation Inc. (NYSE:ROK) by 3.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,926 shares of the company’s stock after selling 4,716 shares during the period. US Bancorp DE owned about 0.12% of Rockwell Automation worth $18,586,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Granite Investment Partners LLC increased its stake in Rockwell Automation by 2.9% in the third quarter. Granite Investment Partners LLC now owns 7,932 shares of the company’s stock worth $970,000 after buying an additional 222 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in Rockwell Automation by 0.5% in the third quarter. UBS Asset Management Americas Inc. now owns 357,700 shares of the company’s stock worth $43,761,000 after buying an additional 1,630 shares in the last quarter. Homrich & Berg increased its stake in Rockwell Automation by 11.3% in the third quarter. Homrich & Berg now owns 4,846 shares of the company’s stock worth $593,000 after buying an additional 492 shares in the last quarter. TIAA CREF Trust Co. FSB MO increased its stake in Rockwell Automation by 19.8% in the third quarter. TIAA CREF Trust Co. FSB MO now owns 22,817 shares of the company’s stock worth $2,791,000 after buying an additional 3,772 shares in the last quarter. Finally, Penserra Capital Management LLC increased its stake in Rockwell Automation by 95.4% in the third quarter. Penserra Capital Management LLC now owns 1,225 shares of the company’s stock worth $149,000 after buying an additional 598 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 0.71% during midday trading on Friday, hitting $132.80. The company had a trading volume of 160,303 shares. The company has a market capitalization of $17.03 billion, a price-to-earnings ratio of 23.88 and a beta of 1.00. The company’s 50-day moving average price is $122.70 and its 200 day moving average price is $117.96. Rockwell Automation Inc. has a 12-month low of $87.53 and a 12-month high of $133.68.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Monday, November 7th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.49 by $0.03. Rockwell Automation had a return on equity of 36.34% and a net margin of 12.41%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the business earned $1.57 earnings per share. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. Equities research analysts predict that Rockwell Automation Inc. will post $6.06 earnings per share for the current fiscal 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 given a $0.76 dividend. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $3.04 annualized dividend and a dividend yield of 2.31%. Rockwell Automation’s dividend payout ratio is presently 54.58%.

A number of equities analysts have weighed in on ROK shares. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Rockwell Automation in a research report on Saturday, November 12th. Barclays PLC raised Rockwell Automation from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $118.00 to $141.00 in a research report on Monday, October 24th. Stifel Nicolaus reissued a “hold” rating on shares of Rockwell Automation in a research report on Friday, October 21st. Citigroup Inc. boosted their price target on Rockwell Automation from $118.00 to $122.00 and gave the stock a “neutral” rating in a research report on Monday, October 10th. Finally, HSBC started coverage on Rockwell Automation in a research report on Friday, October 7th. They set a “hold” rating and a $108.00 price target on the stock. Four research 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 stock has a consensus rating of “Hold” and a consensus price target of $109.83.

In other news, VP Steven W. Etzel sold 1,800 shares of the company’s stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $121.54, for a total value of $218,772.00. Following the transaction, the vice president now owns 8,286 shares of the company’s stock, valued at $1,007,080.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Steven W. Etzel sold 2,100 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $132.98, for a total value of $279,258.00. Following the completion of the transaction, the vice president now directly owns 8,586 shares in the company, valued at approximately $1,141,766.28. The disclosure for this sale can be found here. 1.54% of the stock is owned by insiders.

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