American Century Companies Inc. trimmed its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 56.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 361,994 shares of the industrial products company’s stock after selling 464,262 shares during the quarter. American Century Companies Inc. owned 0.28% of Rockwell Automation worth $64,511,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of ROK. Acrospire Investment Management LLC raised its holdings in Rockwell Automation by 166.3% during 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 period. Rockefeller Financial Services Inc. acquired a new stake in Rockwell Automation during the 3rd quarter worth about $143,000. Sun Life Financial INC raised its holdings in Rockwell Automation by 8,490.9% during the 2nd quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock worth $153,000 after buying an additional 934 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in Rockwell Automation during the 3rd quarter worth about $186,000. Finally, Foundry Partners LLC acquired a new stake in Rockwell Automation during the 3rd quarter worth about $200,000. 73.79% of the stock is owned by institutional investors.

ROK has been the topic of a number of research reports. Zacks Investment Research downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a report on Friday. Citigroup Inc. upped their target price on Rockwell Automation from $187.00 to $200.00 and gave the company a “neutral” rating in a report on Friday. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Rockwell Automation in a report on Thursday. ValuEngine downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, HSBC Holdings plc downgraded Rockwell Automation from a “hold” rating to a “reduce” rating in a report on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. Rockwell Automation has an average rating of “Hold” and an average target price of $165.00.

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In other Rockwell Automation news, insider Blake D. Moret sold 1,723 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $170.06, for a total transaction of $293,013.38. Following the completion of the transaction, the insider now directly owns 22,849 shares in the company, valued at $3,885,700.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David M. Dorgan sold 3,000 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $165.05, for a total value of $495,150.00. Following the transaction, the vice president now owns 9,355 shares of the company’s stock, valued at $1,544,042.75. The disclosure for this sale can be found here. Insiders sold 10,400 shares of company stock valued at $1,753,821 over the last 90 days. 1.65% of the stock is currently owned by corporate insiders.

Shares of Rockwell Automation, Inc. (ROK) opened at $192.61 on Friday. Rockwell Automation, Inc. has a 12-month low of $129.28 and a 12-month high of $210.72. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.46 and a quick ratio of 1.76. The firm has a market capitalization of $24,723.23, a P/E ratio of 28.53, a PEG ratio of 2.29 and a beta of 1.24.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, November 8th. The industrial products company reported $1.69 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.03). The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. Rockwell Automation had a net margin of 13.08% and a return on equity of 38.67%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 earnings per share. sell-side analysts anticipate that Rockwell Automation, Inc. will post 7.39 EPS for the current fiscal 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 dividend yield of 1.73%. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.76. The ex-dividend date is Friday, November 10th. Rockwell Automation’s dividend payout ratio is presently 47.95%.

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.

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

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