Comerica Bank increased its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 3.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 42,996 shares of the company’s stock after buying an additional 1,388 shares during the period. Comerica Bank’s holdings in Rockwell Automation were worth $6,105,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Lazard Asset Management LLC boosted its stake in Rockwell Automation by 0.6% in the third quarter. Lazard Asset Management LLC now owns 4,671,449 shares of the company’s stock valued at $571,504,000 after buying an additional 26,727 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Rockwell Automation by 1.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,406,867 shares of the company’s stock valued at $416,796,000 after buying an additional 34,719 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of Rockwell Automation by 3.8% in the third quarter. BlackRock Fund Advisors now owns 2,201,314 shares of the company’s stock valued at $269,309,000 after buying an additional 80,074 shares during the last quarter. Eaton Vance Management raised its stake in shares of Rockwell Automation by 7.8% in the third quarter. Eaton Vance Management now owns 1,149,042 shares of the company’s stock valued at $140,574,000 after buying an additional 83,120 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Rockwell Automation by 4.6% in the third quarter. Wells Fargo & Company MN now owns 1,061,980 shares of the company’s stock valued at $129,923,000 after buying an additional 46,545 shares during the last quarter. 72.56% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Rockwell Automation, Inc. (NYSE:ROK) opened at 151.88 on Friday. Rockwell Automation, Inc. has a 12-month low of $99.67 and a 12-month high of $155.44. The firm has a 50-day moving average of $144.82 and a 200-day moving average of $128.35. The company has a market cap of $19.53 billion, a P/E ratio of 26.15 and a beta of 1.07.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, January 25th. The company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.30. Rockwell Automation had a net margin of 12.77% and a return on equity of 38.57%. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the firm earned $1.49 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis. Analysts predict that Rockwell Automation, Inc. will post $6.29 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Tuesday, February 21st will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Thursday, February 16th. Rockwell Automation’s payout ratio is currently 52.23%.

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Several equities research analysts have issued reports on the stock. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Rockwell Automation in a research note on Saturday, November 12th. Barclays PLC lifted their price target on shares of Rockwell Automation from $144.00 to $166.00 and gave the company an “overweight” rating in a research note on Thursday, January 26th. Gabelli lowered shares of Rockwell Automation from a “hold” rating to a “sell” rating and set a $150.00 price target on the stock. in a research note on Friday, January 27th. Bank of America Corporation upgraded shares of Rockwell Automation from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $110.00 to $143.00 in a research note on Monday, January 9th. Finally, Buckingham Research upgraded shares of Rockwell Automation from a “neutral” rating to a “buy” rating and set a $162.00 price target on the stock in a research note on Friday, January 20th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. Rockwell Automation currently has a consensus rating of “Hold” and an average target price of $130.36.

In related news, Director Keith D. Nosbusch sold 75,121 shares of the firm’s stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $151.96, for a total transaction of $11,415,387.16. Following the transaction, the director now directly owns 361,995 shares of the company’s stock, valued at $55,008,760.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith D. Nosbusch sold 28,600 shares of the firm’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $152.10, for a total transaction of $4,350,060.00. Following the transaction, the director now directly owns 330,415 shares in the company, valued at $50,256,121.50. The disclosure for this sale can be found here. Insiders have sold 243,916 shares of company stock worth $36,201,192 over the last three months. 1.65% of the stock is owned by insiders.

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.

5 Day Chart for NYSE:ROK

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