Everence Capital Management Inc. raised its holdings in Rockwell Automation (NYSE:ROK) by 14.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,140 shares of the industrial products company’s stock after purchasing an additional 1,560 shares during the quarter. Everence Capital Management Inc.’s holdings in Rockwell Automation were worth $1,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in ROK. Atria Investments LLC purchased a new position in shares of Rockwell Automation in the 3rd quarter valued at $783,000. Bank of Montreal Can increased its stake in Rockwell Automation by 29.1% during the 3rd quarter. Bank of Montreal Can now owns 226,269 shares of the industrial products company’s stock worth $42,429,000 after buying an additional 51,062 shares during the period. New Jersey Better Educational Savings Trust increased its stake in Rockwell Automation by 13.6% during the 3rd quarter. New Jersey Better Educational Savings Trust now owns 2,500 shares of the industrial products company’s stock worth $469,000 after buying an additional 300 shares during the period. Supplemental Annuity Collective Trust of NJ increased its stake in Rockwell Automation by 20.0% during the 3rd quarter. Supplemental Annuity Collective Trust of NJ now owns 6,000 shares of the industrial products company’s stock worth $1,125,000 after buying an additional 1,000 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its stake in Rockwell Automation by 2.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 350,000 shares of the industrial products company’s stock worth $65,632,000 after buying an additional 10,000 shares during the period. Hedge funds and other institutional investors own 80.07% of the company’s stock.

Several research firms recently issued reports on ROK. Zacks Investment Research raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $183.00 price target on the stock in a research note on Tuesday, October 23rd. Credit Suisse Group lifted their price target on shares of Rockwell Automation from $158.00 to $166.00 and gave the stock an “underperform” rating in a research note on Wednesday, January 30th. Citigroup lifted their price target on shares of Rockwell Automation to $176.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 30th. Wells Fargo & Co lifted their price target on shares of Rockwell Automation from $188.00 to $195.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 30th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $195.00 price target on shares of Rockwell Automation in a research note on Wednesday, January 30th. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $172.06.

Shares of ROK stock opened at $169.70 on Tuesday. The firm has a market cap of $20.26 billion, a price-to-earnings ratio of 20.92, a P/E/G ratio of 2.11 and a beta of 1.36. The company has a quick ratio of 0.93, a current ratio of 1.21 and a debt-to-equity ratio of 0.97. Rockwell Automation has a 1-year low of $141.46 and a 1-year high of $198.23.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Tuesday, January 29th. The industrial products company reported $2.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.22. Rockwell Automation had a net margin of 12.68% and a return on equity of 66.47%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the business earned $1.96 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. Equities analysts forecast that Rockwell Automation will post 9.04 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Tuesday, February 19th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 2.29%. The ex-dividend date is Friday, February 15th. Rockwell Automation’s payout ratio is currently 47.84%.

In other news, CEO Blake D. Moret sold 5,584 shares of the firm’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $175.97, for a total value of $982,616.48. Following the transaction, the chief executive officer now owns 41,196 shares of the company’s stock, valued at approximately $7,249,260.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Theodore D. Crandall sold 13,420 shares of the firm’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $175.77, for a total transaction of $2,358,833.40. Following the completion of the transaction, the insider now directly owns 95,994 shares in the company, valued at approximately $16,872,865.38. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,724 shares of company stock valued at $6,100,662. Corporate insiders own 1.43% of the company’s stock.

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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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