Westside Investment Management Inc. cut its holdings in Rockwell Automation (NYSE:ROK) by 8.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,500 shares of the industrial products company’s stock after selling 138 shares during the quarter. Westside Investment Management Inc.’s holdings in Rockwell Automation were worth $226,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Somerville Kurt F boosted its position in shares of Rockwell Automation by 1.8% in the 3rd quarter. Somerville Kurt F now owns 62,934 shares of the industrial products company’s stock worth $11,802,000 after buying an additional 1,105 shares in the last quarter. Aviva PLC boosted its position in shares of Rockwell Automation by 23.0% in the 3rd quarter. Aviva PLC now owns 127,589 shares of the industrial products company’s stock worth $23,925,000 after buying an additional 23,863 shares in the last quarter. BB&T Corp boosted its position in shares of Rockwell Automation by 34.4% in the 3rd quarter. BB&T Corp now owns 13,467 shares of the industrial products company’s stock worth $2,526,000 after buying an additional 3,449 shares in the last quarter. Pure Financial Advisors Inc. purchased a new stake in shares of Rockwell Automation in the 4th quarter worth about $225,000. Finally, IFM Investors Pty Ltd boosted its position in shares of Rockwell Automation by 12.5% in the 3rd quarter. IFM Investors Pty Ltd now owns 6,660 shares of the industrial products company’s stock worth $1,249,000 after buying an additional 738 shares in the last quarter. Institutional investors and hedge funds own 80.07% of the company’s stock.

In other news, CFO Patrick P. Goris sold 177 shares of the company’s stock in a transaction dated Friday, December 7th. The shares were sold at an average price of $167.71, for a total transaction of $29,684.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Steven W. Etzel sold 645 shares of the company’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $175.90, for a total transaction of $113,455.50. Following the transaction, the vice president now directly owns 37,731 shares of the company’s stock, valued at approximately $6,636,882.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,724 shares of company stock valued at $6,100,662. Corporate insiders own 1.43% of the company’s stock.

Shares of NYSE ROK traded up $1.00 on Tuesday, reaching $170.70. 8,235 shares of the company traded hands, compared to its average volume of 1,178,988. Rockwell Automation has a fifty-two week low of $141.46 and a fifty-two week high of $198.23. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.21 and a quick ratio of 0.93. The company has a market cap of $20.26 billion, a P/E ratio of 21.05, a P/E/G ratio of 2.11 and a beta of 1.36.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Tuesday, January 29th. The industrial products company reported $2.21 EPS for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.22. Rockwell Automation had a net margin of 12.68% and a return on equity of 66.47%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the prior year, the company posted $1.96 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Rockwell Automation will post 9.04 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Tuesday, February 19th will be paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Friday, February 15th. Rockwell Automation’s dividend payout ratio is currently 47.84%.

ROK has been the topic of a number of recent research reports. Stephens initiated coverage on shares of Rockwell Automation in a report on Monday, November 19th. They issued an “overweight” rating and a $200.00 target price on the stock. Zacks Investment Research lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Friday, November 30th. Deutsche Bank restated a “hold” rating and issued a $155.00 target price on shares of Rockwell Automation in a report on Friday, January 4th. Credit Suisse Group upped their target price on shares of Rockwell Automation from $171.00 to $173.00 and gave the company an “underperform” rating in a report on Thursday, November 8th. Finally, Wells Fargo & Co upped their target price on shares of Rockwell Automation from $188.00 to $195.00 and gave the company an “outperform” rating in a report on Wednesday, January 30th. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. Rockwell Automation currently has an average rating of “Hold” and a consensus price target of $172.06.

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Rockwell Automation Profile

Rockwell Automation, Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

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

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