Prospera Financial Services Inc acquired a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) during the second quarter, Holdings Channel reports. The institutional investor acquired 3,244 shares of the industrial products company’s stock, valued at approximately $528,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jacobus Wealth Management Inc. bought a new position in shares of Rockwell Automation during the first quarter worth $104,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of Rockwell Automation by 1,700.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 720 shares of the industrial products company’s stock worth $112,000 after buying an additional 680 shares during the last quarter. Appleton Group LLC bought a new position in shares of Rockwell Automation during the first quarter worth $213,000. Hunter Associates Investment Management LLC bought a new position in shares of Rockwell Automation during the first quarter worth $215,000. Finally, S&CO Inc. bought a new position in shares of Rockwell Automation during the first quarter worth $216,000. 73.52% of the stock is currently owned by institutional investors and hedge funds.

Shares of Rockwell Automation, Inc. (NYSE ROK) traded down 0.20% during trading on Thursday, hitting $167.00. The stock had a trading volume of 248,535 shares. The stock has a 50 day moving average price of $162.37 and a 200-day moving average price of $154.62. Rockwell Automation, Inc. has a one year low of $111.52 and a one year high of $167.97. The stock has a market capitalization of $21.52 billion, a price-to-earnings ratio of 27.88 and a beta of 1.17.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, April 26th. The industrial products company reported $1.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.15. Rockwell Automation had a return on equity of 39.71% and a net margin of 12.88%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the business posted $1.37 EPS. Rockwell Automation’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities research analysts predict that Rockwell Automation, Inc. will post $6.66 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Thursday, August 10th. Rockwell Automation’s dividend payout ratio (DPR) is 50.75%.

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A number of brokerages recently weighed in on ROK. Barclays PLC raised their price objective on Rockwell Automation from $166.00 to $167.00 and gave the company an “overweight” rating in a research note on Wednesday, April 19th. Zacks Investment Research downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Gabelli raised Rockwell Automation from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Stifel Nicolaus lifted their price target on Rockwell Automation from $159.00 to $167.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Finally, Wolfe Research assumed coverage on Rockwell Automation in a research report on Tuesday, July 11th. They issued a “peer perform” rating on the stock. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $145.93.

In related news, Director Keith D. Nosbusch sold 20,000 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $157.50, for a total transaction of $3,150,000.00. Following the sale, the director now owns 411,286 shares of the company’s stock, valued at approximately $64,777,545. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William T. Jr/Wi Mccormick sold 432 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $158.07, for a total value of $68,286.24. Following the sale, the director now directly owns 9,109 shares in the company, valued at approximately $1,439,859.63. The disclosure for this sale can be found here. In the last three months, insiders have sold 129,605 shares of company stock worth $20,469,855. 1.65% of the stock is currently owned by company insiders.

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

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