LS Investment Advisors LLC lowered its stake in Rockwell Automation (NYSE:ROK) by 7.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,740 shares of the industrial products company’s stock after selling 356 shares during the quarter. LS Investment Advisors LLC’s holdings in Rockwell Automation were worth $931,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its position in shares of Rockwell Automation by 47.2% during the third quarter. Ameriprise Financial Inc. now owns 1,558,748 shares of the industrial products company’s stock worth $277,788,000 after purchasing an additional 499,745 shares in the last quarter. APG Asset Management N.V. lifted its position in shares of Rockwell Automation by 153.3% during the third quarter. APG Asset Management N.V. now owns 326,473 shares of the industrial products company’s stock worth $58,181,000 after purchasing an additional 197,600 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Rockwell Automation by 1,078.5% during the second quarter. Janus Henderson Group PLC now owns 199,405 shares of the industrial products company’s stock worth $32,295,000 after purchasing an additional 182,485 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Rockwell Automation by 12.8% during the third quarter. Wells Fargo & Company MN now owns 1,509,470 shares of the industrial products company’s stock worth $269,003,000 after purchasing an additional 171,598 shares in the last quarter. Finally, Pictet Asset Management Ltd. lifted its position in shares of Rockwell Automation by 22.2% during the third quarter. Pictet Asset Management Ltd. now owns 859,437 shares of the industrial products company’s stock worth $153,160,000 after purchasing an additional 156,395 shares in the last quarter. 72.35% of the stock is currently owned by institutional investors.

Several analysts have recently issued reports on ROK shares. Goldman Sachs Group reissued a “neutral” rating and set a $193.00 price target on shares of Rockwell Automation in a research report on Friday, December 8th. Daiwa Capital Markets started coverage on shares of Rockwell Automation in a research report on Wednesday, December 20th. They set a “neutral” rating and a $199.00 price target on the stock. cut shares of Rockwell Automation from a “hold” rating to a “reduce” rating in a research report on Thursday, November 2nd. Stifel Nicolaus reissued a “hold” rating and set a $198.00 price target on shares of Rockwell Automation in a research report on Monday, December 11th. Finally, Oppenheimer reissued a “hold” rating on shares of Rockwell Automation in a research report on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $183.15.

In related news, SVP Frank C. Kulaszewicz sold 43,100 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $177.68, for a total transaction of $7,658,008.00. Following the sale, the senior vice president now directly owns 35,338 shares in the company, valued at $6,278,855.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Theodore D. Crandall sold 23,600 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $200.71, for a total transaction of $4,736,756.00. Following the sale, the insider now owns 113,977 shares in the company, valued at $22,876,323.67. The disclosure for this sale can be found here. Insiders have sold 113,966 shares of company stock worth $21,834,799 over the last 90 days. Insiders own 1.28% of the company’s stock.

Shares of Rockwell Automation (ROK) opened at $184.44 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.73 and a current ratio of 1.98. Rockwell Automation has a one year low of $148.31 and a one year high of $210.72. The firm has a market cap of $23,806.16, a P/E ratio of 26.77, a P/E/G ratio of 2.10 and a beta of 1.17.

Rockwell Automation (NYSE:ROK) last released its earnings results on Wednesday, January 24th. The industrial products company reported $1.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.22. Rockwell Automation had a net margin of 5.85% and a return on equity of 39.45%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period in the prior year, the firm earned $1.75 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. analysts predict that Rockwell Automation will post 7.79 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Tuesday, February 20th will be paid a dividend of $0.835 per share. The ex-dividend date is Friday, February 16th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.81%. Rockwell Automation’s payout ratio is 117.19%.

Rockwell Automation declared that its Board of Directors has approved a stock buyback plan on Wednesday, January 24th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

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Rockwell Automation Profile

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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