Ledyard National Bank Sells 95 Shares of Rockwell Automation (NYSE:ROK)

Ledyard National Bank decreased its holdings in Rockwell Automation (NYSE:ROK) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,250 shares of the industrial products company’s stock after selling 95 shares during the quarter. Ledyard National Bank’s holdings in Rockwell Automation were worth $2,171,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ROK. BlackRock Inc. grew its stake in shares of Rockwell Automation by 8.0% in the first quarter. BlackRock Inc. now owns 10,676,789 shares of the industrial products company’s stock worth $1,873,349,000 after purchasing an additional 794,460 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt boosted its position in Rockwell Automation by 11.0% during the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 3,028,265 shares of the industrial products company’s stock valued at $531,309,000 after acquiring an additional 300,000 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd boosted its position in Rockwell Automation by 2,378.9% during the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 215,193 shares of the industrial products company’s stock valued at $37,757,000 after acquiring an additional 206,512 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in Rockwell Automation by 293.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 188,786 shares of the industrial products company’s stock valued at $33,072,000 after acquiring an additional 140,819 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in Rockwell Automation by 10.0% during the first quarter. Wells Fargo & Company MN now owns 1,506,868 shares of the industrial products company’s stock valued at $264,394,000 after acquiring an additional 136,554 shares during the last quarter. 75.88% of the stock is currently owned by institutional investors.

ROK stock opened at $153.13 on Wednesday. The company has a market cap of $18.00 billion, a PE ratio of 18.88, a PEG ratio of 2.27 and a beta of 1.40. The stock’s 50-day moving average is $160.62. The company has a quick ratio of 1.17, a current ratio of 1.51 and a debt-to-equity ratio of 1.68. Rockwell Automation has a 1 year low of $141.46 and a 1 year high of $198.23.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Thursday, July 25th. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.29 by $0.11. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Rockwell Automation had a net margin of 15.44% and a return on equity of 78.71%. The business’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.16 EPS. As a group, research analysts forecast that Rockwell Automation will post 8.64 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.53%. Rockwell Automation’s dividend payout ratio (DPR) is presently 47.84%.

In other news, SVP Michael Laszkiewicz sold 263 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $159.38, for a total transaction of $41,916.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP John M. Miller sold 3,250 shares of the 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. Insiders have sold a total of 3,810 shares of company stock worth $621,819 in the last three months. Insiders own 1.43% of the company’s stock.

ROK has been the topic of a number of research analyst reports. Wells Fargo & Co reaffirmed a “buy” rating on shares of Rockwell Automation in a research report on Friday, July 26th. Gabelli raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research report on Wednesday, May 29th. Zacks Investment Research raised shares of Rockwell Automation from a “sell” rating to a “hold” rating and set a $168.00 price target on the stock in a research report on Thursday, July 18th. Citigroup cut their price target on shares of Rockwell Automation from $184.00 to $181.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Finally, Deutsche Bank upped their price target on shares of Rockwell Automation from $173.00 to $186.00 and gave the company a “hold” rating in a research report on Friday, April 26th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Rockwell Automation has a consensus rating of “Hold” and an average price target of $173.33.

Rockwell Automation Company 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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