CIBC World Markets Inc. acquired a new stake in Rockwell Automation (NYSE:ROK) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,244 shares of the industrial products company’s stock, valued at approximately $244,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Keel Point LLC boosted its holdings in shares of Rockwell Automation by 0.3% in the 2nd quarter. Keel Point LLC now owns 1,724 shares of the industrial products company’s stock valued at $279,000 after buying an additional 6 shares during the last quarter. QS Investors LLC boosted its holdings in shares of Rockwell Automation by 0.4% in the 2nd quarter. QS Investors LLC now owns 2,907 shares of the industrial products company’s stock valued at $471,000 after buying an additional 12 shares during the last quarter. United Bank VA boosted its holdings in shares of Rockwell Automation by 0.6% in the 2nd quarter. United Bank VA now owns 12,539 shares of the industrial products company’s stock valued at $2,031,000 after buying an additional 72 shares during the last quarter. Hall Laurie J Trustee boosted its holdings in shares of Rockwell Automation by 4.9% in the 2nd quarter. Hall Laurie J Trustee now owns 2,375 shares of the industrial products company’s stock valued at $385,000 after buying an additional 110 shares during the last quarter. Finally, Pinnacle Associates Ltd. boosted its holdings in shares of Rockwell Automation by 3.4% in the 3rd quarter. Pinnacle Associates Ltd. now owns 7,965 shares of the industrial products company’s stock valued at $1,419,000 after buying an additional 263 shares during the last quarter. 72.75% of the stock is owned by institutional investors.

In other news, CEO Blake D. Moret sold 5,309 shares of Rockwell Automation stock in a transaction on Monday, December 4th. The stock was sold at an average price of $190.75, for a total transaction of $1,012,691.75. Following the completion of the sale, the chief executive officer now owns 30,720 shares of the company’s stock, valued at $5,859,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Elik I. Fooks sold 904 shares of Rockwell Automation stock in a transaction on Monday, December 4th. The stock was sold at an average price of $190.77, for a total value of $172,456.08. Following the sale, the insider now directly owns 9,464 shares of the company’s stock, valued at approximately $1,805,447.28. The disclosure for this sale can be found here. Insiders have sold a total of 113,966 shares of company stock valued at $21,834,799 in the last ninety days. Insiders own 1.65% of the company’s stock.

Shares of Rockwell Automation (NYSE:ROK) opened at $183.04 on Friday. Rockwell Automation has a twelve month low of $148.31 and a twelve month high of $210.72. The stock has a market capitalization of $24,090.00, a price-to-earnings ratio of 64.22, a price-to-earnings-growth ratio of 2.02 and a beta of 1.17. The company has a current ratio of 1.98, a quick ratio of 1.73 and a debt-to-equity ratio of 0.57.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.22. Rockwell Automation had a return on equity of 39.45% and a net margin of 5.85%. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter last year, the firm posted $1.75 EPS. The company’s quarterly revenue was up 6.5% on a year-over-year basis. equities research analysts expect that Rockwell Automation will post 7.79 earnings per share for the current fiscal year.

Rockwell Automation announced that its board has authorized a share buyback program on Wednesday, January 24th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Tuesday, February 20th will be issued a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a yield of 1.82%. The ex-dividend date is Friday, February 16th. Rockwell Automation’s dividend payout ratio is 117.19%.

Several equities research analysts have recently commented on the company. Zacks Investment Research raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $224.00 price objective for the company in a report on Monday, January 29th. JPMorgan Chase & Co. increased their price objective on Rockwell Automation from $182.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. Morgan Stanley increased their price objective on Rockwell Automation from $194.00 to $206.00 and gave the company an “equal weight” rating in a report on Thursday, January 25th. Wells Fargo & Co increased their price objective on Rockwell Automation from $190.00 to $200.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. Finally, Citigroup cut their price objective on Rockwell Automation from $214.00 to $209.00 and set a “neutral” rating for the company in a report on Thursday, January 25th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $183.15.

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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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