Tower Research Capital LLC TRC Purchases 3,606 Shares of Rockwell Automation (NYSE:ROK)

Tower Research Capital LLC TRC raised its position in Rockwell Automation (NYSE:ROK) by 1,182.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,911 shares of the industrial products company’s stock after acquiring an additional 3,606 shares during the period. Tower Research Capital LLC TRC’s holdings in Rockwell Automation were worth $645,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROK. Vanguard Group Inc. increased its position in shares of Rockwell Automation by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 8,878,447 shares of the industrial products company’s stock worth $1,454,556,000 after purchasing an additional 25,953 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt increased its position in shares of Rockwell Automation by 2.4% during the 3rd quarter. Alecta Pensionsforsakring Omsesidigt now owns 3,243,265 shares of the industrial products company’s stock worth $534,490,000 after purchasing an additional 75,000 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Rockwell Automation by 3.3% during the 2nd quarter. Wells Fargo & Company MN now owns 1,557,213 shares of the industrial products company’s stock worth $255,119,000 after purchasing an additional 50,345 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of Rockwell Automation by 1,664.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,422,349 shares of the industrial products company’s stock worth $233,024,000 after purchasing an additional 1,341,730 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Rockwell Automation by 3.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,413,727 shares of the industrial products company’s stock worth $231,612,000 after purchasing an additional 42,461 shares during the last quarter. Hedge funds and other institutional investors own 72.81% of the company’s stock.

Shares of ROK stock opened at $200.27 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 4.84. The company has a market cap of $22.89 billion, a P/E ratio of 22.87, a P/E/G ratio of 2.80 and a beta of 1.41. Rockwell Automation has a twelve month low of $141.46 and a twelve month high of $207.11. The business has a fifty day simple moving average of $171.28 and a 200 day simple moving average of $162.41.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Tuesday, November 12th. The industrial products company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.92 by $0.09. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.66 billion. Rockwell Automation had a return on equity of 99.27% and a net margin of 10.39%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the company earned $2.11 earnings per share. As a group, equities research analysts anticipate that Rockwell Automation will post 8.9 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 given a $1.02 dividend. The ex-dividend date is Friday, November 8th. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.97. This represents a $4.08 annualized dividend and a yield of 2.04%. Rockwell Automation’s dividend payout ratio (DPR) is currently 47.06%.

ROK has been the topic of several recent analyst reports. Gordon Haskett lowered Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Morgan Stanley boosted their price target on Rockwell Automation from $142.00 to $180.00 and gave the stock an “underweight” rating in a research report on Thursday. Wells Fargo & Co lowered Rockwell Automation from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $185.00 to $165.00 in a research report on Monday, September 30th. Citigroup reaffirmed a “neutral” rating and set a $208.00 price target (up previously from $174.00) on shares of Rockwell Automation in a research report on Wednesday. Finally, Longbow Research reaffirmed a “hold” rating on shares of Rockwell Automation in a research report on Tuesday, September 17th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company’s stock. Rockwell Automation currently has a consensus rating of “Hold” and a consensus price target of $182.20.

In other Rockwell Automation news, CFO Patrick P. Goris sold 3,400 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $200.00, for a total value of $680,000.00. Following the completion of the transaction, the chief financial officer now directly owns 12,202 shares in the company, valued at $2,440,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Blake D. Moret sold 1,700 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $179.07, for a total value of $304,419.00. Following the completion of the transaction, the chief executive officer now owns 41,395 shares of the company’s stock, valued at $7,412,602.65. The disclosure for this sale can be found here. Insiders sold 29,648 shares of company stock valued at $5,720,944 over the last quarter. Corporate insiders own 1.43% of the company’s stock.

Rockwell Automation Company 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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