Nomura Asset Management Co. Ltd. lowered its stake in Rockwell Automation, Inc. (NYSE:ROK) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,983 shares of the industrial products company’s stock after selling 446 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Rockwell Automation were worth $3,026,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of ROK. BlackRock Inc. raised its holdings in shares of Rockwell Automation by 7.5% in the 2nd quarter. BlackRock Inc. now owns 9,698,308 shares of the industrial products company’s stock valued at $1,570,735,000 after acquiring an additional 679,645 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Rockwell Automation by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 8,769,308 shares of the industrial products company’s stock valued at $1,420,278,000 after acquiring an additional 268,101 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of Rockwell Automation by 0.5% in the 2nd quarter. Lazard Asset Management LLC now owns 2,308,357 shares of the industrial products company’s stock valued at $373,861,000 after acquiring an additional 11,384 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Rockwell Automation by 47.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,558,748 shares of the industrial products company’s stock valued at $277,788,000 after acquiring an additional 499,745 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Rockwell Automation by 12.8% in the 3rd quarter. Wells Fargo & Company MN now owns 1,509,470 shares of the industrial products company’s stock valued at $269,003,000 after acquiring an additional 171,598 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Several research firms have weighed in on ROK. Stifel Nicolaus reaffirmed a “hold” rating and issued a $198.00 price target on shares of Rockwell Automation in a report on Monday. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $193.00 price target on shares of Rockwell Automation in a report on Friday. ValuEngine cut Rockwell Automation from a “buy” rating to a “hold” rating in a report on Friday, December 1st. J P Morgan Chase & Co assumed coverage on Rockwell Automation in a report on Wednesday, November 29th. They set a “neutral” rating on the stock. Finally, Oppenheimer reissued a “hold” rating on shares of Rockwell Automation in a report on Monday, November 20th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $167.87.

In other news, insider Blake D. Moret sold 5,677 shares of Rockwell Automation stock in a transaction that occurred 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 sale, the insider now directly owns 21,426 shares in the company, valued at approximately $3,644,562.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Steven W. Etzel sold 514 shares of Rockwell Automation stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $190.75, for a total value of $98,045.50. Following the completion of the sale, the vice president now owns 7,737 shares in the company, valued at $1,475,832.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 1,340 shares of company stock worth $137,336 and have sold 18,025 shares worth $3,285,650. 1.65% of the stock is owned by company insiders.

Rockwell Automation, Inc. (ROK) traded down $0.69 on Monday, reaching $192.17. The company had a trading volume of 170,528 shares, compared to its average volume of 877,575. The company has a current ratio of 2.06, a quick ratio of 1.80 and a debt-to-equity ratio of 0.47. Rockwell Automation, Inc. has a fifty-two week low of $133.61 and a fifty-two week high of $210.72. The company has a market cap of $24,783.07, a price-to-earnings ratio of 28.57, a price-to-earnings-growth ratio of 2.16 and a beta of 1.23.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be given a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a yield of 1.74%. This is a positive change 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 (DPR) is presently 52.68%.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and international copyright & trademark law. The original version of this piece of content can be read at https://www.watchlistnews.com/nomura-asset-management-co-ltd-has-3-03-million-holdings-in-rockwell-automation-inc-rok/1757696.html.

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.

Want to see what other hedge funds are holding ROK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rockwell Automation, Inc. (NYSE:ROK).

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

Receive News & Ratings for Rockwell Automation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.