Prudential Financial Inc. cut its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 16.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 185,907 shares of the industrial products company’s stock after selling 35,415 shares during the quarter. Prudential Financial Inc. owned about 0.14% of Rockwell Automation worth $33,130,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Acrospire Investment Management LLC increased its stake in Rockwell Automation by 166.3% during the second quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock worth $129,000 after acquiring an additional 499 shares during the last quarter. Rockefeller Financial Services Inc. acquired a new stake in Rockwell Automation during the third quarter worth about $143,000. Sun Life Financial INC increased its stake in Rockwell Automation by 8,490.9% during the second quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock worth $153,000 after acquiring an additional 934 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in Rockwell Automation during the third quarter worth about $186,000. Finally, Northstar Wealth Partners LLC acquired a new stake in Rockwell Automation during the third quarter worth about $202,000. Institutional investors own 72.90% of the company’s stock.

In other news, insider Blake D. Moret sold 5,677 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $170.10, for a total transaction of $965,657.70. Following the completion of the sale, the insider now directly owns 21,426 shares of the company’s stock, valued at approximately $3,644,562.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP David M. Dorgan sold 3,000 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $165.05, for a total value of $495,150.00. Following the completion of the sale, the vice president now directly owns 9,355 shares of the company’s stock, valued at approximately $1,544,042.75. The disclosure for this sale can be found here. Insiders have sold a total of 10,400 shares of company stock worth $1,753,821 over the last quarter. Insiders own 1.65% of the company’s stock.

Several brokerages have recently weighed in on ROK. Morgan Stanley reaffirmed an “equal weight” rating and issued a $173.00 target price (up previously from $168.00) on shares of Rockwell Automation in a research report on Monday, October 2nd. Citigroup Inc. upped their target price on Rockwell Automation from $187.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Rockwell Automation in a research report on Friday, August 18th. Zacks Investment Research downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $140.00 target price on shares of Rockwell Automation in a research report on Sunday, September 17th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $165.00.

Shares of Rockwell Automation, Inc. (NYSE ROK) opened at $192.54 on Tuesday. The company has a current ratio of 3.46, a quick ratio of 3.00 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $24,723.27, a P/E ratio of 28.53, a PEG ratio of 2.21 and a beta of 1.24. Rockwell Automation, Inc. has a 1 year low of $129.66 and a 1 year high of $210.72.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.03). The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. Rockwell Automation had a return on equity of 38.67% and a net margin of 13.08%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 earnings per share. research analysts predict that Rockwell Automation, Inc. will post 7.39 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be given a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.73%. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, November 10th. Rockwell Automation’s dividend payout ratio is presently 52.68%.

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Rockwell Automation 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.

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

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