Bank of New York Mellon Corp lessened its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 21.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 994,911 shares of the industrial products company’s stock after selling 268,694 shares during the period. Bank of New York Mellon Corp owned approximately 0.78% of Rockwell Automation worth $177,304,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Acrospire Investment Management LLC boosted its stake in shares of Rockwell Automation by 166.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock worth $129,000 after buying an additional 499 shares during the last quarter. Rockefeller Financial Services Inc. purchased a new position in Rockwell Automation in the third quarter valued at approximately $143,000. Sun Life Financial INC lifted its stake in Rockwell Automation by 8,490.9% in the second quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock valued at $153,000 after purchasing an additional 934 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in Rockwell Automation in the third quarter valued at approximately $186,000. Finally, Northstar Wealth Partners LLC purchased a new position in Rockwell Automation in the third quarter valued at approximately $202,000. Hedge funds and other institutional investors own 73.12% of the company’s stock.

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In related news, insider Blake D. Moret sold 5,677 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $170.10, for a total value of $965,657.70. Following the transaction, the insider now owns 21,426 shares of the company’s stock, valued at $3,644,562.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Blake D. Moret sold 1,723 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $170.06, for a total value of $293,013.38. Following the completion of the transaction, the insider now directly owns 22,849 shares in the company, valued at approximately $3,885,700.94. The disclosure for this sale can be found here. 1.65% of the stock is owned by corporate insiders.

Several research firms recently commented on ROK. downgraded Rockwell Automation from a “hold” rating to a “reduce” rating in a research note on Thursday, November 2nd. Zacks Investment Research downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Rockwell Automation in a research note on Thursday, November 9th. Citigroup Inc. upped their price objective on Rockwell Automation from $187.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, November 10th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $183.00 price objective on shares of Rockwell Automation in a research note on Thursday, October 12th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $165.00.

Rockwell Automation, Inc. (NYSE ROK) opened at $194.36 on Monday. The company has a market capitalization of $24,980.00, a price-to-earnings ratio of 28.79, a P/E/G ratio of 2.23 and a beta of 1.24. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.80. Rockwell Automation, Inc. has a 12 month low of $129.66 and a 12 month high of $210.72.

Rockwell Automation (NYSE:ROK) last released its earnings results on Wednesday, November 8th. The industrial products company reported $1.69 EPS for the quarter, missing the Zacks’ consensus estimate of $1.72 by ($0.03). The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. Rockwell Automation had a net margin of 13.08% and a return on equity of 38.67%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.52 EPS. equities analysts forecast that Rockwell Automation, Inc. will post 7.39 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be paid a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Friday, November 10th. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.76. Rockwell Automation’s dividend payout ratio is currently 52.52%.

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.

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

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