Riverbridge Partners LLC Sells 67 Shares of Rockwell Automation (NYSE:ROK)

Riverbridge Partners LLC reduced its position in Rockwell Automation (NYSE:ROK) by 0.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,606 shares of the industrial products company’s stock after selling 67 shares during the period. Riverbridge Partners LLC’s holdings in Rockwell Automation were worth $2,472,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ROK. Wellington Management Group LLP raised its position in shares of Rockwell Automation by 169.2% in the 1st quarter. Wellington Management Group LLP now owns 2,078,665 shares of the industrial products company’s stock valued at $313,692,000 after purchasing an additional 1,306,643 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Rockwell Automation by 150.3% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,412,528 shares of the industrial products company’s stock valued at $213,165,000 after purchasing an additional 848,273 shares during the last quarter. Norges Bank purchased a new position in shares of Rockwell Automation in the 4th quarter valued at approximately $155,572,000. 1832 Asset Management L.P. purchased a new position in shares of Rockwell Automation in the 4th quarter valued at approximately $114,854,000. Finally, JPMorgan Chase & Co. raised its position in shares of Rockwell Automation by 30.4% in the 1st quarter. JPMorgan Chase & Co. now owns 2,220,020 shares of the industrial products company’s stock valued at $335,024,000 after purchasing an additional 516,986 shares during the last quarter. Institutional investors and hedge funds own 77.35% of the company’s stock.

In related news, VP Steven W. Etzel sold 1,200 shares of Rockwell Automation stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $205.50, for a total value of $246,600.00. Following the sale, the vice president now owns 10,123 shares of the company’s stock, valued at approximately $2,080,276.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Patrick P. Goris sold 3,300 shares of Rockwell Automation stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $220.00, for a total transaction of $726,000.00. Following the completion of the sale, the chief financial officer now directly owns 13,043 shares in the company, valued at approximately $2,869,460. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,036 shares of company stock valued at $5,292,882. Insiders own 0.77% of the company’s stock.

Several equities analysts recently commented on ROK shares. Gordon Haskett raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $175.00 price objective for the company in a research report on Wednesday, March 25th. Gabelli lowered shares of Rockwell Automation from a “hold” rating to a “sell” rating in a research report on Friday, May 1st. UBS Group increased their price objective on shares of Rockwell Automation from $161.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. G.Research lowered shares of Rockwell Automation from a “hold” rating to a “sell” rating in a research report on Thursday, April 30th. Finally, Robert W. Baird raised their price target on shares of Rockwell Automation from $134.00 to $167.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $193.06.

NYSE:ROK opened at $212.28 on Thursday. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.57 and a quick ratio of 1.21. The firm has a market cap of $24.49 billion, a price-to-earnings ratio of 35.03, a price-to-earnings-growth ratio of 5.41 and a beta of 1.50. The company has a 50 day moving average price of $211.54 and a 200-day moving average price of $191.34. Rockwell Automation has a 1-year low of $115.38 and a 1-year high of $230.71.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $2.43 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.61. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.61 billion. Rockwell Automation had a net margin of 10.54% and a return on equity of 118.85%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.04 EPS. On average, sell-side analysts anticipate that Rockwell Automation will post 7.19 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, August 14th. Rockwell Automation’s dividend payout ratio (DPR) is 47.06%.

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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