CIBC World Markets Inc. boosted its stake in shares of Rockwell Automation (NYSE:ROK) by 22.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,292 shares of the industrial products company’s stock after acquiring an additional 419 shares during the quarter. CIBC World Markets Inc.’s holdings in Rockwell Automation were worth $430,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Somerville Kurt F lifted its position in Rockwell Automation by 1.8% during the 3rd quarter. Somerville Kurt F now owns 62,934 shares of the industrial products company’s stock worth $11,802,000 after acquiring an additional 1,105 shares during the period. BB&T Corp lifted its holdings 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 valued at $2,526,000 after buying an additional 3,449 shares during the period. Baird Financial Group Inc. lifted its holdings in shares of Rockwell Automation by 27.9% in the 2nd quarter. Baird Financial Group Inc. now owns 258,416 shares of the industrial products company’s stock valued at $42,956,000 after buying an additional 56,414 shares during the period. BB&T Securities LLC lifted its holdings in shares of Rockwell Automation by 28.1% in the 2nd quarter. BB&T Securities LLC now owns 4,952 shares of the industrial products company’s stock valued at $823,000 after buying an additional 1,087 shares during the period. Finally, Chartwell Investment Partners LLC lifted its holdings in shares of Rockwell Automation by 64.8% in the 2nd quarter. Chartwell Investment Partners LLC now owns 13,699 shares of the industrial products company’s stock valued at $2,277,000 after buying an additional 5,385 shares during the period. 75.18% of the stock is owned by institutional investors.

Several research firms have recently commented on ROK. Berenberg Bank set a $145.00 price target on Rockwell Automation and gave the company a “sell” rating in a report on Monday, November 19th. ValuEngine cut Rockwell Automation from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Zacks Investment Research raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $183.00 price target for the company in a report on Tuesday, October 23rd. UBS Group reduced their price target on Rockwell Automation from $210.00 to $205.00 and set a “buy” rating for the company in a report on Thursday, August 30th. Finally, Wells Fargo & Co raised their price target on Rockwell Automation from $205.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, October 2nd. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $178.87.

Rockwell Automation stock opened at $161.55 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.27 and a debt-to-equity ratio of 0.76. The firm has a market cap of $20.69 billion, a price-to-earnings ratio of 19.92, a P/E/G ratio of 1.63 and a beta of 1.29. Rockwell Automation has a fifty-two week low of $153.67 and a fifty-two week high of $209.38.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, November 7th. The industrial products company reported $2.11 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.09. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.77 billion. Rockwell Automation had a return on equity of 57.53% and a net margin of 8.03%. Rockwell Automation’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.69 earnings per share. On average, research analysts anticipate that Rockwell Automation will post 9.03 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Monday, November 12th will be given a dividend of $0.97 per share. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.92. The ex-dividend date is Thursday, November 8th. This represents a $3.88 annualized dividend and a yield of 2.40%. Rockwell Automation’s dividend payout ratio (DPR) is presently 47.84%.

Rockwell Automation announced that its Board of Directors has approved a share buyback plan on Thursday, September 6th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the industrial products company to buy up to 4.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

In other news, CEO Blake D. Moret sold 5,584 shares of Rockwell Automation stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $175.97, for a total value of $982,616.48. Following the completion of the sale, the chief executive officer now owns 41,196 shares of the company’s stock, valued at $7,249,260.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Theodore D. Crandall sold 13,420 shares of Rockwell Automation stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $175.77, for a total value of $2,358,833.40. Following the completion of the sale, the insider now directly owns 95,994 shares of the company’s stock, valued at approximately $16,872,865.38. The disclosure for this sale can be found here. Insiders have sold 34,547 shares of company stock valued at $6,070,978 in the last three months. 1.65% of the stock is currently owned by company insiders.

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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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