Simmons Bank maintained its position in shares of Rockwell Automation, Inc. (NYSE:ROK) during the first quarter, according to its most recent disclosure with the SEC. The fund owned 2,200 shares of the industrial products company’s stock at the end of the first quarter. Simmons Bank’s holdings in Rockwell Automation were worth $343,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. American Trust Investment Advisors LLC purchased a new position in shares of Rockwell Automation during the first quarter worth approximately $226,000. Legal & General Group Plc boosted its position in shares of Rockwell Automation by 7.9% in the first quarter. Legal & General Group Plc now owns 642,841 shares of the industrial products company’s stock worth $100,096,000 after buying an additional 46,833 shares during the last quarter. Fayez Sarofim & Co boosted its position in shares of Rockwell Automation by 3.4% in the first quarter. Fayez Sarofim & Co now owns 3,000 shares of the industrial products company’s stock worth $467,000 after buying an additional 100 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Rockwell Automation by 22.8% in the first quarter. PNC Financial Services Group Inc. now owns 167,952 shares of the industrial products company’s stock worth $26,151,000 after buying an additional 31,209 shares during the last quarter. Finally, Laurion Capital Management LP purchased a new position in shares of Rockwell Automation during the first quarter worth approximately $685,000. Institutional investors own 73.95% of the company’s stock.

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

Rockwell Automation, Inc. (NYSE ROK) traded up 1.54% during mid-day trading on Friday, reaching $164.09. The company had a trading volume of 1,112,024 shares. The firm has a 50-day moving average price of $158.42 and a 200 day moving average price of $150.13. Rockwell Automation, Inc. has a 12-month low of $107.17 and a 12-month high of $165.00. The firm has a market capitalization of $21.14 billion, a price-to-earnings ratio of 27.39 and a beta of 1.08.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.15. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.48 billion. Rockwell Automation had a net margin of 12.88% and a return on equity of 39.71%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.37 earnings per share. Analysts expect that Rockwell Automation, Inc. will post $6.64 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 1.85%. The ex-dividend date is Thursday, August 10th. Rockwell Automation’s dividend payout ratio is presently 50.75%.

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A number of research analysts have recently commented on the company. Morgan Stanley increased their price target on Rockwell Automation from $153.00 to $167.00 and gave the company an “equal weight” rating in a research note on Friday, April 28th. Stifel Nicolaus increased their price target on Rockwell Automation from $159.00 to $167.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Barclays PLC set a $176.00 price target on Rockwell Automation and gave the company a “buy” rating in a research note on Wednesday, April 26th. Credit Suisse Group reiterated a “hold” rating and issued a $155.00 price target on shares of Rockwell Automation in a research note on Thursday, April 27th. Finally, Gabelli upgraded Rockwell Automation from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $141.50.

In other news, Director William T. Jr/Wi Mccormick sold 432 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $158.07, for a total transaction of $68,286.24. Following the completion of the transaction, the director now directly owns 9,109 shares of the company’s stock, valued at $1,439,859.63. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Betty C. Alewine sold 7,173 shares of the company’s stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $158.52, for a total transaction of $1,137,063.96. Following the transaction, the director now directly owns 20,584 shares of the company’s stock, valued at $3,262,975.68. The disclosure for this sale can be found here. Insiders sold 129,605 shares of company stock valued at $20,469,855 over the last three months. 1.65% of the stock is currently owned by insiders.

About Rockwell Automation

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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