Somerville Kurt F Raises Position in Rockwell Automation (NYSE:ROK)

Somerville Kurt F lifted its stake in Rockwell Automation (NYSE:ROK) by 0.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,202 shares of the industrial products company’s stock after purchasing an additional 234 shares during the period. Rockwell Automation makes up 2.1% of Somerville Kurt F’s investment portfolio, making the stock its 23rd largest holding. Somerville Kurt F owned 0.05% of Rockwell Automation worth $10,519,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Commonwealth Bank of Australia lifted its stake in shares of Rockwell Automation by 0.5% in the first quarter. Commonwealth Bank of Australia now owns 12,238 shares of the industrial products company’s stock valued at $2,141,000 after purchasing an additional 60 shares during the period. Cooper Financial Group lifted its stake in shares of Rockwell Automation by 2.2% in the second quarter. Cooper Financial Group now owns 3,007 shares of the industrial products company’s stock valued at $493,000 after purchasing an additional 64 shares during the period. O Shares Investment Advisers LLC lifted its stake in shares of Rockwell Automation by 1.4% in the first quarter. O Shares Investment Advisers LLC now owns 4,853 shares of the industrial products company’s stock valued at $852,000 after purchasing an additional 65 shares during the period. Page Arthur B lifted its stake in shares of Rockwell Automation by 0.5% in the first quarter. Page Arthur B now owns 13,274 shares of the industrial products company’s stock valued at $2,328,000 after purchasing an additional 67 shares during the period. Finally, Avitas Wealth Management LLC lifted its stake in shares of Rockwell Automation by 0.4% in the first quarter. Avitas Wealth Management LLC now owns 17,802 shares of the industrial products company’s stock valued at $3,124,000 after purchasing an additional 78 shares during the period. Hedge funds and other institutional investors own 74.87% of the company’s stock.

A number of equities analysts have issued reports on the stock. Gabelli upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a research report on Wednesday, May 29th. Deutsche Bank lifted their target price on shares of Rockwell Automation from $173.00 to $186.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. set a $154.00 target price on shares of Rockwell Automation and gave the stock a “hold” rating in a research report on Friday, July 19th. Zacks Investment Research upgraded shares of Rockwell Automation from a “sell” rating to a “hold” rating and set a $168.00 target price for the company in a research report on Thursday, July 18th. Finally, Citigroup cut their target price on shares of Rockwell Automation from $184.00 to $181.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $173.33.

In other news, insider Blake D. Moret sold 297 shares of Rockwell Automation stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $161.53, for a total transaction of $47,974.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John M. Miller sold 3,250 shares of Rockwell Automation stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $163.67, for a total transaction of $531,927.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,810 shares of company stock valued at $621,819. Insiders own 1.43% of the company’s stock.

ROK traded down $1.96 during midday trading on Friday, reaching $153.80. 1,118,667 shares of the company’s stock were exchanged, compared to its average volume of 1,223,114. The company has a quick ratio of 1.17, a current ratio of 1.51 and a debt-to-equity ratio of 1.68. The firm has a market cap of $18.23 billion, a PE ratio of 18.96, a PEG ratio of 2.30 and a beta of 1.40. The company’s 50-day moving average price is $160.90. Rockwell Automation has a 1-year low of $141.46 and a 1-year high of $198.23.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Thursday, July 25th. The industrial products company reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.11. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.72 billion. Rockwell Automation had a net margin of 15.44% and a return on equity of 78.71%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.16 earnings per share. Equities analysts predict that Rockwell Automation will post 8.64 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th will be issued a dividend of $0.97 per share. The ex-dividend date is Friday, August 9th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.52%. Rockwell Automation’s dividend payout ratio (DPR) is presently 47.84%.

Rockwell Automation Profile

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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