Creative Planning Acquires 610 Shares of Rockwell Automation (NYSE:ROK)

Creative Planning raised its holdings in Rockwell Automation (NYSE:ROK) by 2.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,363 shares of the industrial products company’s stock after buying an additional 610 shares during the period. Creative Planning’s holdings in Rockwell Automation were worth $3,685,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in ROK. Vanguard Group Inc. increased its stake in shares of Rockwell Automation by 0.3% during the second quarter. Vanguard Group Inc. now owns 8,878,447 shares of the industrial products company’s stock worth $1,454,556,000 after purchasing an additional 25,953 shares during the period. Alecta Pensionsforsakring Omsesidigt increased its stake in shares of Rockwell Automation by 2.4% during the third quarter. Alecta Pensionsforsakring Omsesidigt now owns 3,243,265 shares of the industrial products company’s stock worth $534,490,000 after purchasing an additional 75,000 shares during the period. Wells Fargo & Company MN increased its stake in shares of Rockwell Automation by 3.3% during the second quarter. Wells Fargo & Company MN now owns 1,557,213 shares of the industrial products company’s stock worth $255,119,000 after purchasing an additional 50,345 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Rockwell Automation by 1,664.3% during the second quarter. Nuveen Asset Management LLC now owns 1,422,349 shares of the industrial products company’s stock worth $233,024,000 after purchasing an additional 1,341,730 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Rockwell Automation by 3.1% during the second quarter. Bank of New York Mellon Corp now owns 1,413,727 shares of the industrial products company’s stock worth $231,612,000 after purchasing an additional 42,461 shares during the period. Hedge funds and other institutional investors own 72.87% of the company’s stock.

ROK has been the topic of a number of recent research reports. Zacks Investment Research lowered Rockwell Automation from a “hold” rating to a “sell” rating and set a $177.00 target price on the stock. in a research note on Wednesday, October 16th. Barclays reiterated a “hold” rating and set a $159.00 target price on shares of Rockwell Automation in a research note on Friday, October 4th. Citigroup lowered their target price on Rockwell Automation from $180.00 to $174.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Morgan Stanley lowered their target price on Rockwell Automation from $145.00 to $142.00 and set an “underweight” rating on the stock in a research note on Friday, October 11th. Finally, JPMorgan Chase & Co. increased their target price on Rockwell Automation from $145.00 to $146.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. Rockwell Automation currently has a consensus rating of “Hold” and an average price target of $171.36.

In other Rockwell Automation news, CEO Blake D. Moret sold 1,700 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $179.07, for a total value of $304,419.00. Following the sale, the chief executive officer now owns 41,395 shares of the company’s stock, valued at approximately $7,412,602.65. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Blake D. Moret sold 7,300 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $179.67, for a total value of $1,311,591.00. Following the completion of the sale, the chief executive officer now directly owns 46,995 shares in the company, valued at approximately $8,443,591.65. The disclosure for this sale can be found here. Corporate insiders own 1.43% of the company’s stock.

NYSE:ROK traded up $0.03 during trading hours on Friday, reaching $178.08. 16,661 shares of the company were exchanged, compared to its average volume of 779,987. The company has a market capitalization of $21.28 billion, a P/E ratio of 21.93, a P/E/G ratio of 2.69 and a beta of 1.41. Rockwell Automation has a 1-year low of $141.46 and a 1-year high of $191.48. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.51 and a quick ratio of 1.17. The business has a 50 day moving average of $167.49 and a 200 day moving average of $162.27.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $4.08 dividend on an annualized basis and a yield of 2.29%. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.97. Rockwell Automation’s dividend payout ratio is currently 47.84%.

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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