Wellington Shields Capital Management LLC Trims Stock Holdings in Rockwell Automation (NYSE:ROK)

Wellington Shields Capital Management LLC reduced its stake in Rockwell Automation (NYSE:ROK) by 25.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,060 shares of the industrial products company’s stock after selling 1,752 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in Rockwell Automation were worth $834,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. LS Investment Advisors LLC lifted its position in Rockwell Automation by 1.4% during the third quarter. LS Investment Advisors LLC now owns 4,226 shares of the industrial products company’s stock worth $696,000 after buying an additional 59 shares during the period. Smithfield Trust Co. lifted its position in Rockwell Automation by 2.1% during the third quarter. Smithfield Trust Co. now owns 3,030 shares of the industrial products company’s stock worth $499,000 after buying an additional 61 shares during the period. Cooper Financial Group lifted its position in Rockwell Automation by 2.2% during the second quarter. Cooper Financial Group now owns 3,007 shares of the industrial products company’s stock worth $493,000 after buying an additional 64 shares during the period. Portland Global Advisors LLC lifted its position in Rockwell Automation by 0.3% during the second quarter. Portland Global Advisors LLC now owns 19,964 shares of the industrial products company’s stock worth $3,271,000 after buying an additional 64 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its position in Rockwell Automation by 3.1% during the third quarter. Sequoia Financial Advisors LLC now owns 2,214 shares of the industrial products company’s stock worth $365,000 after buying an additional 67 shares during the period. Institutional investors and hedge funds own 72.81% of the company’s stock.

ROK has been the subject of several research analyst reports. ValuEngine upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Longbow Research restated a “hold” rating on shares of Rockwell Automation in a research note on Tuesday, September 17th. JPMorgan Chase & Co. upped their price target on Rockwell Automation from $145.00 to $146.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Wells Fargo & Co lowered Rockwell Automation from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $185.00 to $165.00 in a research note on Monday, September 30th. Finally, Barclays restated a “hold” rating and set a $159.00 price target on shares of Rockwell Automation in a research note on Friday, October 4th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $171.36.

In related news, CEO Blake D. Moret sold 1,700 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $179.07, for a total value of $304,419.00. Following the sale, the chief executive officer now owns 41,395 shares of the company’s stock, valued at approximately $7,412,602.65. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Blake D. Moret sold 7,300 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $179.67, for a total value of $1,311,591.00. Following the completion of the sale, the chief executive officer now directly owns 46,995 shares in the company, valued at approximately $8,443,591.65. The disclosure for this sale can be found here. Company insiders own 1.43% of the company’s stock.

NYSE ROK traded up $18.81 during mid-day trading on Tuesday, reaching $198.01. 4,105,056 shares of the company’s stock traded hands, compared to its average volume of 921,389. Rockwell Automation has a 1-year low of $141.46 and a 1-year high of $207.11. The company has a fifty day simple moving average of $169.09 and a 200-day simple moving average of $162.14. The company has a current ratio of 1.51, a quick ratio of 1.17 and a debt-to-equity ratio of 1.68. The company has a market cap of $20.81 billion, a price-to-earnings ratio of 24.42, a P/E/G ratio of 2.65 and a beta of 1.41.

Rockwell Automation (NYSE:ROK) last released its earnings results on Tuesday, November 12th. The industrial products company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.09. Rockwell Automation had a return on equity of 78.71% and a net margin of 15.44%. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the business posted $2.11 EPS. Rockwell Automation’s quarterly revenue was up .0% compared to the same quarter last year. Equities research analysts forecast that Rockwell Automation will post 8.6 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.97. Rockwell Automation’s dividend payout ratio (DPR) is currently 50.31%.

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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