Utah Retirement Systems decreased its stake in Rockwell Automation, Inc. (NYSE:ROK) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,486 shares of the industrial products company’s stock after selling 300 shares during the period. Utah Retirement Systems’ holdings in Rockwell Automation were worth $3,804,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Bank of America Corp DE increased its stake in shares of Rockwell Automation by 27.0% in the first quarter. Bank of America Corp DE now owns 1,037,845 shares of the industrial products company’s stock valued at $161,602,000 after buying an additional 220,675 shares during the period. Sit Investment Associates Inc. increased its stake in shares of Rockwell Automation by 127.5% in the second quarter. Sit Investment Associates Inc. now owns 147,995 shares of the industrial products company’s stock valued at $23,969,000 after buying an additional 82,945 shares during the period. Suntrust Banks Inc. increased its stake in shares of Rockwell Automation by 3.1% in the first quarter. Suntrust Banks Inc. now owns 7,127 shares of the industrial products company’s stock valued at $1,108,000 after buying an additional 216 shares during the period. Columbia Partners L L C Investment Management increased its stake in shares of Rockwell Automation by 11.8% in the first quarter. Columbia Partners L L C Investment Management now owns 8,632 shares of the industrial products company’s stock valued at $1,344,000 after buying an additional 912 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Rockwell Automation by 36.3% in the first quarter. Russell Investments Group Ltd. now owns 305,997 shares of the industrial products company’s stock valued at $47,653,000 after buying an additional 81,426 shares during the period. Hedge funds and other institutional investors own 73.64% of the company’s stock.

Rockwell Automation, Inc. (NYSE ROK) opened at 159.57 on Tuesday. Rockwell Automation, Inc. has a 1-year low of $111.52 and a 1-year high of $167.97. The company has a 50 day moving average of $164.05 and a 200 day moving average of $158.22. The company has a market capitalization of $20.48 billion, a PE ratio of 25.73 and a beta of 1.17.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.12. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Rockwell Automation had a return on equity of 40.71% and a net margin of 13.04%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.55 earnings per share. On average, analysts predict that Rockwell Automation, Inc. will post $6.75 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Thursday, August 10th. Rockwell Automation’s dividend payout ratio is currently 49.03%.

ILLEGAL ACTIVITY NOTICE: “Rockwell Automation, Inc. (ROK) Shares Sold by Utah Retirement Systems” was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://www.watchlistnews.com/rockwell-automation-inc-rok-shares-sold-by-utah-retirement-systems/1529509.html.

ROK has been the topic of several research analyst reports. Credit Suisse Group dropped their target price on shares of Rockwell Automation from $155.00 to $154.00 and set a “neutral” rating on the stock in a report on Wednesday, August 23rd. Cowen and Company raised their price target on shares of Rockwell Automation from $125.00 to $140.00 and gave the stock a “market perform” rating in a research note on Thursday, July 6th. Zacks Investment Research raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $182.00 price target for the company in a research note on Friday, July 28th. J P Morgan Chase & Co raised shares of Rockwell Automation from an “underweight” rating to a “neutral” rating and set a $153.00 price target for the company in a research note on Thursday, July 27th. Finally, HSBC Holdings plc reaffirmed a “hold” rating and set a $147.00 price target (up from $134.00) on shares of Rockwell Automation in a research note on Saturday, July 22nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. Rockwell Automation has an average rating of “Hold” and an average target price of $152.27.

In related news, VP John M. Miller sold 1,825 shares of Rockwell Automation stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $165.37, for a total value of $301,800.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David M. Dorgan sold 3,000 shares of Rockwell Automation 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 completion of the sale, the vice president now directly owns 9,355 shares of the company’s stock, valued at approximately $1,544,042.75. The disclosure for this sale can be found here. Insiders sold 72,925 shares of company stock valued at $11,971,553 in the last 90 days. Company 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.

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.