Bartlett & Co. LLC continued to hold its position in Rockwell Automation, Inc. (NYSE:ROK) during the second quarter, Holdings Channel reports. The firm owned 1,100 shares of the industrial products company’s stock at the end of the second quarter. Bartlett & Co. LLC’s holdings in Rockwell Automation were worth $178,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its position in Rockwell Automation by 3,186.3% in the first quarter. BlackRock Inc. now owns 9,018,663 shares of the industrial products company’s stock valued at $1,404,295,000 after buying an additional 8,744,232 shares in the last quarter. Vanguard Group Inc. raised its position in Rockwell Automation by 3.3% in the first quarter. Vanguard Group Inc. now owns 8,501,207 shares of the industrial products company’s stock valued at $1,323,724,000 after buying an additional 270,023 shares in the last quarter. State Street Corp raised its position in Rockwell Automation by 1.3% in the first quarter. State Street Corp now owns 5,749,538 shares of the industrial products company’s stock valued at $895,260,000 after buying an additional 76,191 shares in the last quarter. Geode Capital Management LLC raised its position in Rockwell Automation by 11.4% in the first quarter. Geode Capital Management LLC now owns 1,406,332 shares of the industrial products company’s stock valued at $218,703,000 after buying an additional 143,507 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Rockwell Automation by 231.2% in the first quarter. JPMorgan Chase & Co. now owns 1,377,769 shares of the industrial products company’s stock valued at $214,532,000 after buying an additional 961,760 shares in the last quarter. Institutional investors and hedge funds own 73.52% of the company’s stock.

Rockwell Automation, Inc. (NYSE ROK) traded up 0.01% during mid-day trading on Wednesday, hitting $165.51. The company had a trading volume of 57,883 shares. The company’s 50 day moving average price is $162.14 and its 200-day moving average price is $154.52. The firm has a market capitalization of $21.32 billion, a PE ratio of 27.63 and a beta of 1.17. Rockwell Automation, Inc. has a 12-month low of $111.52 and a 12-month high of $167.80.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, April 26th. The industrial products company reported $1.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.15. Rockwell Automation had a net margin of 12.88% and a return on equity of 39.71%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the firm earned $1.37 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, analysts forecast that Rockwell Automation, Inc. will post $6.66 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.04 annualized dividend and a dividend yield of 1.84%. Rockwell Automation’s dividend payout ratio is currently 50.75%.

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Several research analysts have weighed in on the company. Barclays PLC lifted their target price on Rockwell Automation from $166.00 to $167.00 and gave the stock an “overweight” rating in a report on Wednesday, April 19th. Zacks Investment Research lowered Rockwell Automation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Gabelli upgraded Rockwell Automation from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. Stifel Nicolaus lifted their target price on Rockwell Automation from $159.00 to $167.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Finally, Wolfe Research assumed coverage on Rockwell Automation in a report on Tuesday, July 11th. They set 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 has a consensus rating of “Hold” and a consensus price target of $145.93.

In other Rockwell Automation news, Director Betty C. Alewine sold 7,173 shares of Rockwell Automation stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $158.52, for a total transaction of $1,137,063.96. Following the transaction, the director now owns 20,584 shares of the company’s stock, valued at approximately $3,262,975.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Sujeet Chand sold 9,500 shares of Rockwell Automation stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $159.72, for a total transaction of $1,517,340.00. Following the transaction, the senior vice president now directly owns 46,873 shares in the company, valued at approximately $7,486,555.56. 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. Insiders own 1.65% of the company’s stock.

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.

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

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