Cigna Investments Inc. New cut its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 2.8% during the second quarter, Holdings Channel reports. The fund owned 5,125 shares of the industrial products company’s stock after selling 146 shares during the period. Cigna Investments Inc. New’s holdings in Rockwell Automation were worth $830,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Jacobus Wealth Management Inc. bought a new stake in Rockwell Automation during the first quarter worth about $104,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in 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. Clarkston Capital Partners LLC bought a new stake in Rockwell Automation during the second quarter worth about $206,000. Appleton Group LLC bought a new stake in Rockwell Automation during the first quarter worth about $213,000. Finally, Hunter Associates Investment Management LLC bought a new stake in Rockwell Automation during the first quarter worth about $215,000. Institutional investors own 73.38% of the company’s stock.

Rockwell Automation, Inc. (NYSE ROK) opened at 161.66 on Friday. Rockwell Automation, Inc. has a one year low of $111.52 and a one year high of $167.97. The firm has a market capitalization of $20.75 billion, a price-to-earnings ratio of 26.07 and a beta of 1.17. The stock’s 50 day moving average price is $164.02 and its 200-day moving average price is $157.31.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.12. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. Rockwell Automation had a return on equity of 40.71% and a net margin of 13.04%. The business’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.55 earnings per share. On average, equities research analysts anticipate that Rockwell Automation, Inc. will post $6.75 earnings per share for the current fiscal year.

The firm also recently disclosed 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. This represents a $3.04 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, August 10th. Rockwell Automation’s dividend payout ratio is currently 49.03%.

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A number of equities research analysts have issued reports on ROK shares. Zacks Investment Research upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $184.00 target price on the stock in a research note on Tuesday, July 11th. BidaskClub upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Barclays PLC set a $176.00 target price on Rockwell Automation and gave the company a “buy” rating in a research note on Wednesday, April 26th. Morgan Stanley raised their target price 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. Finally, Gabelli upgraded Rockwell Automation from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $152.33.

In other news, VP Steven W. Etzel sold 3,000 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $158.54, for a total transaction of $475,620.00. Following the transaction, the vice president now owns 9,465 shares of the company’s stock, valued at $1,500,581.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Frank C. Kulaszewicz sold 8,000 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $165.74, for a total value of $1,325,920.00. Following the transaction, the senior vice president now directly owns 33,195 shares in the company, valued at approximately $5,501,739.30. The disclosure for this sale can be found here. In the last three months, insiders sold 115,257 shares of company stock worth $18,686,369. 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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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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