Norinchukin Bank The boosted its stake in Rockwell Automation (NYSE:ROK) by 11.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,841 shares of the industrial products company’s stock after acquiring an additional 1,613 shares during the period. Norinchukin Bank The’s holdings in Rockwell Automation were worth $2,971,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in ROK. Chartwell Investment Partners LLC boosted its holdings in shares of Rockwell Automation by 4.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 14,354 shares of the industrial products company’s stock valued at $2,692,000 after buying an additional 655 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Rockwell Automation by 26.7% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,058 shares of the industrial products company’s stock valued at $761,000 after buying an additional 855 shares in the last quarter. Linscomb & Williams Inc. bought a new stake in shares of Rockwell Automation during the 3rd quarter valued at $214,000. Twin Capital Management Inc. boosted its holdings in shares of Rockwell Automation by 6.5% during the 3rd quarter. Twin Capital Management Inc. now owns 22,579 shares of the industrial products company’s stock valued at $4,234,000 after buying an additional 1,370 shares in the last quarter. Finally, MML Investors Services LLC bought a new stake in shares of Rockwell Automation during the 3rd quarter valued at $329,000. Institutional investors and hedge funds own 77.08% of the company’s stock.

A number of analysts have recently commented on ROK shares. ValuEngine upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating in a report on Friday, September 21st. Barclays restated a “hold” rating and set a $176.00 target price on shares of Rockwell Automation in a report on Thursday, July 26th. Credit Suisse Group boosted their target price on shares of Rockwell Automation from $171.00 to $173.00 and gave the company an “underperform” rating in a report on Thursday, November 8th. Zacks Investment Research cut shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Finally, Citigroup set a $185.00 target price on shares of Rockwell Automation and gave the company a “hold” rating in a report on Thursday, November 8th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. Rockwell Automation has an average rating of “Hold” and a consensus target price of $179.77.

In related news, VP Susan Schmitt sold 4,500 shares of the company’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $175.02, for a total value of $787,590.00. Following the transaction, the vice president now owns 15,967 shares in the company, valued at approximately $2,794,544.34. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.28% of the company’s stock.

Shares of Rockwell Automation stock opened at $171.60 on Monday. The stock has a market capitalization of $20.71 billion, a P/E ratio of 21.16, a PEG ratio of 1.64 and a beta of 1.28. Rockwell Automation has a 1 year low of $153.67 and a 1 year high of $209.38. The company has a current ratio of 1.27, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Wednesday, November 7th. The industrial products company reported $2.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.09. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Rockwell Automation had a net margin of 8.03% and a return on equity of 57.53%. Rockwell Automation’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.69 EPS. As a group, analysts expect that Rockwell Automation will post 9 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Monday, November 12th will be paid a $0.97 dividend. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.92. The ex-dividend date is Thursday, November 8th. This represents a $3.88 dividend on an annualized basis and a yield of 2.26%. Rockwell Automation’s payout ratio is presently 47.84%.

Rockwell Automation declared that its Board of Directors has initiated a share buyback program on Thursday, September 6th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the industrial products company to buy up to 4.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

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About Rockwell Automation

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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