Los Angeles Capital Management LLC Sells 4,793 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Los Angeles Capital Management LLC reduced its stake in Rockwell Automation, Inc. (NYSE:ROK) by 40.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,914 shares of the industrial products company’s stock after selling 4,793 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Rockwell Automation were worth $2,014,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC increased its holdings in shares of Rockwell Automation by 33,600.1% during the fourth quarter. International Assets Investment Management LLC now owns 295,213 shares of the industrial products company’s stock worth $91,658,000 after purchasing an additional 294,337 shares during the period. Public Employees Retirement Association of Colorado increased its holdings in shares of Rockwell Automation by 2,932.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 246,217 shares of the industrial products company’s stock worth $76,445,000 after purchasing an additional 238,097 shares during the period. Kodai Capital Management LP bought a new position in shares of Rockwell Automation during the fourth quarter worth approximately $43,222,000. TimesSquare Capital Management LLC bought a new position in shares of Rockwell Automation during the third quarter worth approximately $38,275,000. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Rockwell Automation by 1,294.7% during the third quarter. Qube Research & Technologies Ltd now owns 127,891 shares of the industrial products company’s stock worth $36,560,000 after purchasing an additional 118,721 shares during the period. 75.75% of the stock is owned by institutional investors.

Insider Transactions at Rockwell Automation

In other news, VP John M. Miller sold 467 shares of Rockwell Automation stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $273.27, for a total transaction of $127,617.09. Following the transaction, the vice president now owns 4,800 shares in the company, valued at $1,311,696. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, SVP Tessa M. Myers sold 528 shares of Rockwell Automation stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $253.78, for a total transaction of $133,995.84. Following the completion of the transaction, the senior vice president now owns 3,718 shares of the company’s stock, valued at $943,554.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP John M. Miller sold 467 shares of Rockwell Automation stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $273.27, for a total transaction of $127,617.09. Following the transaction, the vice president now directly owns 4,800 shares of the company’s stock, valued at approximately $1,311,696. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,199 shares of company stock worth $572,750. Company insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Robert W. Baird lowered their target price on shares of Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $254.00 price target on shares of Rockwell Automation in a research report on Thursday, March 21st. Wells Fargo & Company reduced their price target on shares of Rockwell Automation from $320.00 to $312.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. Berenberg Bank reiterated a “hold” rating and set a $290.00 price target (down previously from $330.00) on shares of Rockwell Automation in a research report on Wednesday, March 6th. Finally, Loop Capital reduced their price target on shares of Rockwell Automation from $300.00 to $290.00 and set a “hold” rating on the stock in a research report on Tuesday, May 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $307.21.

Rockwell Automation Stock Performance

Shares of Rockwell Automation stock opened at $258.52 on Friday. Rockwell Automation, Inc. has a fifty-two week low of $249.00 and a fifty-two week high of $348.52. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.11 and a quick ratio of 0.74. The firm has a market capitalization of $29.47 billion, a P/E ratio of 25.27, a P/E/G ratio of 4.07 and a beta of 1.37. The company’s 50 day moving average price is $267.22 and its two-hundred day moving average price is $281.98.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.35. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.05 billion. Rockwell Automation had a net margin of 13.19% and a return on equity of 34.83%. Rockwell Automation’s revenue was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.01 earnings per share. On average, equities analysts forecast that Rockwell Automation, Inc. will post 10.14 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm 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 $1.25 per share. The ex-dividend date is Monday, August 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.93%. Rockwell Automation’s dividend payout ratio (DPR) is presently 48.88%.

Rockwell Automation Profile

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.