TD Asset Management Inc. boosted its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 8.8% during the second quarter, Holdings Channel reports. The fund owned 60,967 shares of the industrial products company’s stock after buying an additional 4,936 shares during the period. TD Asset Management Inc.’s holdings in Rockwell Automation were worth $9,874,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Keel Point LLC boosted its position in shares of Rockwell Automation by 0.3% in the first quarter. Keel Point LLC now owns 1,718 shares of the industrial products company’s stock valued at $268,000 after buying an additional 5 shares in the last quarter. CWM LLC boosted its position in shares of Rockwell Automation by 0.3% in the second quarter. CWM LLC now owns 2,125 shares of the industrial products company’s stock valued at $344,000 after buying an additional 6 shares in the last quarter. Sfmg LLC boosted its position in shares of Rockwell Automation by 0.4% in the first quarter. Sfmg LLC now owns 1,788 shares of the industrial products company’s stock valued at $278,000 after buying an additional 7 shares in the last quarter. WealthTrust Fairport LLC boosted its position in shares of Rockwell Automation by 0.5% in the first quarter. WealthTrust Fairport LLC now owns 1,669 shares of the industrial products company’s stock valued at $260,000 after buying an additional 8 shares in the last quarter. Finally, Baystate Wealth Management LLC boosted its position in shares of Rockwell Automation by 1.1% in the first quarter. Baystate Wealth Management LLC now owns 1,850 shares of the industrial products company’s stock valued at $278,000 after buying an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 73.38% of the company’s stock.

Rockwell Automation, Inc. (NYSE ROK) opened at 164.12 on Wednesday. The stock has a 50 day moving average of $164.15 and a 200 day moving average of $157.63. The company has a market cap of $21.07 billion, a P/E ratio of 26.47 and a beta of 1.17. Rockwell Automation, Inc. has a 52 week low of $111.52 and a 52 week high of $167.97.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, August 10th. Rockwell Automation’s dividend payout ratio (DPR) is 49.03%.

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Several brokerages recently issued reports on ROK. J P Morgan Chase & Co upgraded shares of Rockwell Automation from an “underweight” rating to a “neutral” rating and set a $153.00 price target on the stock in a research report on Thursday, July 27th. Zacks Investment Research upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $182.00 price target on the stock in a research report on Friday, July 28th. BidaskClub cut shares of Rockwell Automation from a “hold” rating to a “sell” rating in a research report on Sunday, July 30th. Wolfe Research began coverage on shares of Rockwell Automation in a research report on Tuesday, July 11th. They set a “peer perform” rating on the stock. Finally, Stifel Nicolaus boosted their price target on shares of Rockwell Automation from $159.00 to $167.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $152.33.

In other news, SVP Frank C. Kulaszewicz sold 8,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $165.74, for a total value of $1,325,920.00. Following the sale, the senior vice president now directly owns 33,195 shares in the company, valued at approximately $5,501,739.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Keith D. Nosbusch sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $165.50, for a total transaction of $3,310,000.00. Following the completion of the sale, the director now owns 411,286 shares in the company, valued at $68,067,833. The disclosure for this sale can be found here. Insiders have sold a total of 111,825 shares of company stock worth $18,142,463 in the last three months. Insiders own 1.65% of the company’s stock.

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

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