Boston Private Wealth LLC held its position in Rockwell Automation, Inc. (NYSE:ROK) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,465 shares of the industrial products company’s stock at the end of the first quarter. Boston Private Wealth LLC’s holdings in Rockwell Automation were worth $540,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in ROK. Oarsman Capital Inc. acquired a new position in Rockwell Automation during the first quarter valued at $500,000. AXA boosted its stake in shares of Rockwell Automation by 24.9% in the first quarter. AXA now owns 308,334 shares of the industrial products company’s stock valued at $48,011,000 after buying an additional 61,386 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Rockwell Automation by 0.8% in the first quarter. Alliancebernstein L.P. now owns 429,301 shares of the industrial products company’s stock valued at $66,846,000 after buying an additional 3,357 shares during the last quarter. Choate Investment Advisors purchased a new stake in shares of Rockwell Automation during the first quarter valued at approximately $346,000. Finally, Tiemann Investment Advisors LLC boosted its stake in shares of Rockwell Automation by 3.3% in the first quarter. Tiemann Investment Advisors LLC now owns 1,575 shares of the industrial products company’s stock valued at $245,000 after buying an additional 50 shares during the last quarter. 73.95% of the stock is currently owned by institutional investors.

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

Shares of Rockwell Automation, Inc. (NYSE ROK) traded down 0.57% during midday trading on Monday, reaching $161.20. The company’s stock had a trading volume of 246,165 shares. The company has a 50-day moving average price of $157.90 and a 200-day moving average price of $149.17. Rockwell Automation, Inc. has a 12 month low of $107.17 and a 12 month high of $165.00. The firm has a market cap of $20.77 billion, a price-to-earnings ratio of 26.91 and a beta of 1.08.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $1.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.15. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.48 billion. Rockwell Automation had a return on equity of 39.71% and a net margin of 12.88%. The business’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company earned $1.37 earnings per share. Equities analysts expect that Rockwell Automation, Inc. will post $6.64 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be paid a $0.76 dividend. The ex-dividend date is Thursday, August 10th. This represents a $3.04 dividend on an annualized basis and a yield of 1.88%. Rockwell Automation’s dividend payout ratio is 50.75%.

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Several equities research analysts recently commented on the company. Morgan Stanley boosted their price target on Rockwell Automation from $153.00 to $167.00 and gave the company an “equal weight” rating in a research note on Friday, April 28th. Stifel Nicolaus boosted their price target on Rockwell Automation from $159.00 to $167.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Barclays PLC set a $176.00 price target on Rockwell Automation and gave the company a “buy” rating in a research note on Wednesday, April 26th. Credit Suisse Group reissued a “hold” rating and issued a $155.00 price target on shares of Rockwell Automation in a research note on Thursday, April 27th. Finally, Gabelli raised Rockwell Automation from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $141.50.

In other Rockwell Automation news, insider Kenneth M. Champa sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $159.08, for a total value of $795,400.00. Following the completion of the transaction, the insider now directly owns 8,169 shares in the company, valued at $1,299,524.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Steven W. Etzel sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $158.54, for a total value of $475,620.00. Following the completion of the transaction, the vice president now owns 9,465 shares of the company’s stock, valued at $1,500,581.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 129,605 shares of company stock valued at $20,469,855. Corporate insiders own 1.65% of the company’s stock.

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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