Sentry Investment Management LLC Has $1.54 Million Position in Rockwell Automation (ROK)

Sentry Investment Management LLC decreased its holdings in Rockwell Automation (NYSE:ROK) by 8.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,203 shares of the industrial products company’s stock after selling 745 shares during the quarter. Sentry Investment Management LLC’s holdings in Rockwell Automation were worth $1,538,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Advisory Services Network LLC boosted its position in Rockwell Automation by 8.8% during the second quarter. Advisory Services Network LLC now owns 3,502 shares of the industrial products company’s stock valued at $645,000 after acquiring an additional 284 shares during the last quarter. Ibex Wealth Advisors boosted its position in Rockwell Automation by 1.5% during the third quarter. Ibex Wealth Advisors now owns 19,835 shares of the industrial products company’s stock valued at $3,729,000 after acquiring an additional 291 shares during the last quarter. New Jersey Better Educational Savings Trust boosted its position in Rockwell Automation by 13.6% during the third quarter. New Jersey Better Educational Savings Trust now owns 2,500 shares of the industrial products company’s stock valued at $469,000 after acquiring an additional 300 shares during the last quarter. Syntal Capital Partners LLC boosted its position in Rockwell Automation by 16.6% during the second quarter. Syntal Capital Partners LLC now owns 2,125 shares of the industrial products company’s stock valued at $353,000 after acquiring an additional 302 shares during the last quarter. Finally, Kidder Stephen W boosted its position in Rockwell Automation by 1.0% during the third quarter. Kidder Stephen W now owns 31,530 shares of the industrial products company’s stock valued at $5,911,000 after acquiring an additional 310 shares during the last quarter. 74.67% of the stock is currently owned by institutional investors.

A number of brokerages have commented on ROK. ValuEngine raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Friday, September 21st. Wells Fargo & Co upped their price target on shares of Rockwell Automation from $205.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, October 2nd. Barclays reaffirmed a “hold” rating and set a $176.00 price target on shares of Rockwell Automation in a research report on Thursday, July 26th. Morgan Stanley upped their price target on shares of Rockwell Automation from $187.00 to $192.00 and gave the company an “equal weight” rating in a research report on Friday, July 27th. Finally, Zacks Investment Research cut shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $179.46.

ROK stock opened at $169.27 on Friday. The stock has a market cap of $22.04 billion, a PE ratio of 22.04, a P/E/G ratio of 1.71 and a beta of 1.28. The company has a current ratio of 2.12, a quick ratio of 1.60 and a debt-to-equity ratio of 0.76. Rockwell Automation has a 1 year low of $153.67 and a 1 year high of $209.38.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, November 7th. The industrial products company reported $2.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.09. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Rockwell Automation had a net margin of 8.03% and a return on equity of 57.53%. The business’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.69 EPS. As a group, sell-side analysts expect that Rockwell Automation will post 9.01 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Monday, November 12th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Thursday, November 8th. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.92. Rockwell Automation’s dividend payout ratio is 45.38%.

Rockwell Automation declared that its board has initiated a share buyback program on Thursday, September 6th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the industrial products company to reacquire up to 4.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

In other news, VP Susan Schmitt sold 4,500 shares of the stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $175.02, for a total transaction of $787,590.00. Following the transaction, the vice president now owns 15,967 shares of the company’s stock, valued at approximately $2,794,544.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.65% of the stock is owned by corporate insiders.

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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.

Further Reading: Hedge Funds Explained

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

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