Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in Rockwell Automation, Inc. (NYSE:ROK) by 10.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 196,997 shares of the industrial products company’s stock after selling 21,913 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.15% of Rockwell Automation worth $31,906,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. First Midwest Bank Trust Division increased its position in Rockwell Automation by 74.8% in the first quarter. First Midwest Bank Trust Division now owns 4,032 shares of the industrial products company’s stock valued at $628,000 after buying an additional 1,725 shares in the last quarter. IFP Advisors Inc increased its position in Rockwell Automation by 1.5% in the first quarter. IFP Advisors Inc now owns 6,368 shares of the industrial products company’s stock valued at $992,000 after buying an additional 97 shares in the last quarter. Russell Investments Group Ltd. increased its position in Rockwell Automation by 36.3% in the first quarter. Russell Investments Group Ltd. now owns 305,997 shares of the industrial products company’s stock valued at $47,653,000 after buying an additional 81,426 shares in the last quarter. State of New Jersey Common Pension Fund D acquired a new position in Rockwell Automation during the first quarter valued at $12,457,000. Finally, Strs Ohio increased its position in Rockwell Automation by 0.4% in the first quarter. Strs Ohio now owns 5,253 shares of the industrial products company’s stock valued at $817,000 after buying an additional 20 shares in the last quarter. 73.64% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Rockwell Automation, Inc. (NYSE ROK) opened at 159.61 on Monday. Rockwell Automation, Inc. has a 12 month low of $111.52 and a 12 month high of $167.97. The stock’s 50 day moving average is $164.05 and its 200 day moving average is $158.22. The stock has a market cap of $20.49 billion, a P/E ratio of 25.74 and a beta of 1.17.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Thursday, August 10th. Rockwell Automation’s payout ratio is presently 49.03%.

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A number of equities analysts have commented on ROK shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $167.00 target price on shares of Rockwell Automation in a research note on Wednesday, July 19th. HSBC Holdings plc reaffirmed a “hold” rating and set a $147.00 target price (up from $134.00) on shares of Rockwell Automation in a research note on Saturday, July 22nd. Zacks Investment Research raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $182.00 target price on the stock in a research note on Friday, July 28th. Wolfe Research started coverage on shares of Rockwell Automation in a research report on Tuesday, July 11th. They set a “peer perform” rating for the company. Finally, BidaskClub cut shares of Rockwell Automation from a “hold” rating to a “sell” rating in a research report on Sunday, July 30th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. Rockwell Automation currently has an average rating of “Hold” and a consensus target price of $152.27.

In other news, insider Kenneth M. Champa sold 5,000 shares of the stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $159.08, for a total transaction of $795,400.00. Following the sale, the insider now owns 8,169 shares in the company, valued at $1,299,524.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Sujeet Chand sold 9,500 shares of the stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $159.72, for a total value of $1,517,340.00. Following the sale, the senior vice president now owns 46,873 shares in the company, valued at approximately $7,486,555.56. The disclosure for this sale can be found here. Insiders have sold 72,925 shares of company stock worth $11,971,553 in the last 90 days. Company 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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