Shell Asset Management Co. Reduces Position in Rockwell Automation (NYSE:ROK)

Shell Asset Management Co. lessened its stake in shares of Rockwell Automation (NYSE:ROK) by 6.6% in the first quarter, HoldingsChannel.com reports. The firm owned 46,374 shares of the industrial products company’s stock after selling 3,254 shares during the quarter. Shell Asset Management Co.’s holdings in Rockwell Automation were worth $6,998,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ROK. OmniStar Financial Group Inc. purchased a new stake in shares of Rockwell Automation during the first quarter valued at approximately $29,000. Citizens Financial Group Inc RI boosted its stake in shares of Rockwell Automation by 68.4% during the first quarter. Citizens Financial Group Inc RI now owns 192 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 78 shares during the period. Asset Dedication LLC boosted its stake in shares of Rockwell Automation by 117.4% during the first quarter. Asset Dedication LLC now owns 200 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 108 shares during the period. Delta Asset Management LLC TN purchased a new stake in shares of Rockwell Automation during the fourth quarter valued at approximately $33,000. Finally, Solstein Capital LLC purchased a new stake in shares of Rockwell Automation during the fourth quarter valued at approximately $33,000. 75.30% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Steven W. Etzel sold 1,200 shares of Rockwell Automation stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $205.50, for a total value of $246,600.00. Following the completion of the sale, the vice president now directly owns 10,123 shares in the company, valued at approximately $2,080,276.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James Phillip Holloman sold 1,582 shares of Rockwell Automation stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $194.34, for a total value of $307,445.88. The disclosure for this sale can be found here. Insiders have sold 6,882 shares of company stock valued at $1,399,999 over the last 90 days. Corporate insiders own 0.77% of the company’s stock.

A number of brokerages recently commented on ROK. Credit Suisse Group raised their price target on Rockwell Automation from $163.00 to $185.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Gabelli lowered Rockwell Automation from a “hold” rating to a “sell” rating in a research note on Friday, May 1st. G.Research lowered Rockwell Automation from a “hold” rating to a “sell” rating in a research note on Thursday, April 30th. Stephens raised their price target on Rockwell Automation from $213.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, TheStreet raised Rockwell Automation from a “c+” rating to a “b” rating in a research note on Wednesday, January 29th. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. Rockwell Automation has a consensus rating of “Hold” and a consensus target price of $185.24.

Shares of NYSE:ROK traded down $1.54 on Friday, hitting $202.19. 734,489 shares of the company traded hands, compared to its average volume of 1,161,258. Rockwell Automation has a 52 week low of $115.38 and a 52 week high of $209.60. The company has a quick ratio of 1.21, a current ratio of 1.57 and a debt-to-equity ratio of 2.37. The stock has a 50 day simple moving average of $177.30 and a 200-day simple moving average of $187.16. The company has a market cap of $23.60 billion, a PE ratio of 22.76, a PEG ratio of 4.48 and a beta of 1.47.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.43 earnings per share for the quarter, beating the 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 firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the company earned $2.04 earnings per share. The company’s revenue was up 1.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Rockwell Automation will post 7.18 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 18th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.08 annualized dividend and a dividend yield of 2.02%. Rockwell Automation’s payout ratio is presently 47.06%.

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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