Tredje AP fonden lessened its position in Rockwell Automation (NYSE:ROK) by 23.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,128 shares of the industrial products company’s stock after selling 2,125 shares during the period. Tredje AP fonden’s holdings in Rockwell Automation were worth $1,076,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lord Abbett & CO. LLC bought a new stake in shares of Rockwell Automation in the 4th quarter worth approximately $19,884,000. Goldman Sachs Group Inc. grew its position in shares of Rockwell Automation by 23.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,207,912 shares of the industrial products company’s stock worth $244,807,000 after buying an additional 232,243 shares during the period. MML Investors Services LLC increased its holdings in Rockwell Automation by 21.1% in the first quarter. MML Investors Services LLC now owns 2,408 shares of the industrial products company’s stock valued at $363,000 after purchasing an additional 420 shares during the last quarter. Wetherby Asset Management Inc. raised its position in shares of Rockwell Automation by 2.5% in the 1st quarter. Wetherby Asset Management Inc. now owns 2,817 shares of the industrial products company’s stock valued at $425,000 after acquiring an additional 68 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in Rockwell Automation by 61.7% in the first quarter. Thrivent Financial for Lutherans now owns 76,071 shares of the industrial products company’s stock valued at $11,480,000 after purchasing an additional 29,040 shares in the last quarter. 77.35% of the stock is currently owned by institutional investors.

ROK has been the subject of a number of recent analyst reports. G.Research cut shares of Rockwell Automation from a “hold” rating to a “sell” rating in a research report on Thursday, April 30th. Robert W. Baird increased their price target on Rockwell Automation from $134.00 to $167.00 and gave the stock a “neutral” rating in a report on Thursday, April 9th. Gabelli cut Rockwell Automation from a “hold” rating to a “sell” rating in a report on Friday, May 1st. Credit Suisse Group increased their target price on Rockwell Automation from $163.00 to $185.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Finally, Morgan Stanley lifted their price target on shares of Rockwell Automation from $162.00 to $177.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $190.53.

In other Rockwell Automation news, CFO Patrick P. Goris sold 3,300 shares of Rockwell Automation stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $220.00, for a total value 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 $2,869,460. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Blake D. Moret sold 3,181 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $209.10, for a total value of $665,147.10. Following the completion of the transaction, the chief executive officer now directly owns 49,594 shares in the company, valued at $10,370,105.40. The disclosure for this sale can be found here. Insiders have sold 25,036 shares of company stock worth $5,292,882 in the last ninety days. Insiders own 0.77% of the company’s stock.

ROK traded down $1.90 during midday trading on Friday, hitting $206.30. 4,410 shares of the company were exchanged, compared to its average volume of 1,040,022. The firm’s 50 day moving average price is $207.66 and its 200-day moving average price is $190.88. Rockwell Automation has a 1-year low of $115.38 and a 1-year high of $230.71. The firm has a market capitalization of $24.02 billion, a P/E ratio of 34.23, a P/E/G ratio of 5.26 and a beta of 1.49. The company has a quick ratio of 1.21, a current ratio of 1.57 and a debt-to-equity ratio of 2.37.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.43 EPS for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.61. Rockwell Automation had a return on equity of 118.85% and a net margin of 10.54%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the previous year, the firm earned $2.04 earnings per share. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. On average, sell-side analysts predict that Rockwell Automation will post 7.18 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be issued a $1.02 dividend. The ex-dividend date is Friday, August 14th. This represents a $4.08 annualized dividend and a yield of 1.98%. Rockwell Automation’s payout ratio 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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