Legal & General Group Plc boosted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 7.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 642,841 shares of the industrial products company’s stock after buying an additional 46,833 shares during the period. Legal & General Group Plc owned approximately 0.49% of Rockwell Automation worth $100,096,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Bessemer Group Inc. increased its stake in shares of Rockwell Automation by 61.3% in the fourth quarter. Bessemer Group Inc. now owns 3,065 shares of the industrial products company’s stock valued at $412,000 after buying an additional 1,165 shares in the last quarter. Comerica Bank boosted its position in Rockwell Automation by 3.3% in the fourth quarter. Comerica Bank now owns 42,996 shares of the industrial products company’s stock worth $6,105,000 after buying an additional 1,388 shares during the last quarter. Van ECK Associates Corp boosted its position in Rockwell Automation by 5.7% in the fourth quarter. Van ECK Associates Corp now owns 2,099 shares of the industrial products company’s stock worth $282,000 after buying an additional 114 shares during the last quarter. Private Advisor Group LLC boosted its position in Rockwell Automation by 18.2% in the fourth quarter. Private Advisor Group LLC now owns 6,283 shares of the industrial products company’s stock worth $890,000 after buying an additional 969 shares during the last quarter. Finally, Tredje AP fonden boosted its position in Rockwell Automation by 118.7% in the fourth quarter. Tredje AP fonden now owns 3,018 shares of the industrial products company’s stock worth $406,000 after buying an additional 1,638 shares during the last quarter. 73.95% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

Shares of Rockwell Automation, Inc. (ROK) traded up 1.54% on Friday, reaching $164.09. 1,112,024 shares of the company’s stock traded hands. The company’s 50-day moving average price is $158.42 and its 200 day moving average price is $150.13. Rockwell Automation, Inc. has a one year low of $107.17 and a one year high of $165.00. The firm has a market cap of $21.14 billion, a P/E ratio of 27.39 and a beta of 1.08.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, April 26th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.15. Rockwell Automation had a net margin of 12.88% and a return on equity of 39.71%. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the company posted $1.37 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts forecast that Rockwell Automation, Inc. will post $6.64 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 1.85%. The ex-dividend date is Thursday, August 10th. Rockwell Automation’s dividend payout ratio is presently 50.75%.

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A number of research firms have recently commented on ROK. Morgan Stanley upped their price target on shares of Rockwell Automation from $153.00 to $167.00 and gave the stock an “equal weight” rating in a report on Friday, April 28th. Stifel Nicolaus upped their price target on shares of Rockwell Automation from $159.00 to $167.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Barclays PLC set a $176.00 price target on shares of Rockwell Automation and gave the stock a “buy” rating in a report on Wednesday, April 26th. Credit Suisse Group restated a “hold” rating and issued a $155.00 price target on shares of Rockwell Automation in a report on Thursday, April 27th. Finally, Gabelli upgraded shares of Rockwell Automation from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $141.50.

In other Rockwell Automation news, SVP Sujeet Chand sold 9,500 shares of the stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $159.72, for a total value of $1,517,340.00. Following the sale, the senior vice president now directly owns 46,873 shares in the company, valued at approximately $7,486,555.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Betty C. Alewine sold 7,173 shares of the stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $158.52, for a total transaction of $1,137,063.96. Following the completion of the sale, the director now owns 20,584 shares in the company, valued at $3,262,975.68. The disclosure for this sale can be found here. Insiders sold a total of 129,605 shares of company stock worth $20,469,855 over the last quarter. Corporate insiders own 1.65% of the company’s stock.

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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