Rockwell Automation, Inc. (NYSE:ROK) Shares Bought by Glenmede Trust Co. NA

Glenmede Trust Co. NA grew its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 4.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,677 shares of the industrial products company’s stock after buying an additional 416 shares during the period. Glenmede Trust Co. NA’s holdings in Rockwell Automation were worth $2,598,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of ROK. Prospera Financial Services Inc lifted its stake in Rockwell Automation by 0.9% in the 3rd quarter. Prospera Financial Services Inc now owns 4,033 shares of the industrial products company’s stock worth $1,083,000 after purchasing an additional 37 shares in the last quarter. Mather Group LLC. boosted its stake in Rockwell Automation by 5.9% during the second quarter. Mather Group LLC. now owns 680 shares of the industrial products company’s stock worth $198,000 after buying an additional 38 shares during the last quarter. Pure Financial Advisors LLC grew its holdings in Rockwell Automation by 2.7% in the 2nd quarter. Pure Financial Advisors LLC now owns 1,613 shares of the industrial products company’s stock valued at $444,000 after buying an additional 42 shares in the last quarter. Great Valley Advisor Group Inc. increased its stake in shares of Rockwell Automation by 2.2% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,928 shares of the industrial products company’s stock worth $518,000 after acquiring an additional 42 shares during the last quarter. Finally, Concurrent Investment Advisors LLC raised its holdings in shares of Rockwell Automation by 4.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 990 shares of the industrial products company’s stock worth $272,000 after acquiring an additional 44 shares during the period. 75.75% of the stock is owned by hedge funds and other institutional investors.

Rockwell Automation Trading Up 0.1 %

NYSE ROK opened at $295.14 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 1.08. The firm has a market cap of $33.32 billion, a price-to-earnings ratio of 35.64, a PEG ratio of 3.07 and a beta of 1.36. The firm has a 50 day simple moving average of $274.63 and a 200-day simple moving average of $268.03. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $312.76.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Thursday, November 7th. The industrial products company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.40 by $0.07. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter last year, the company posted $3.64 EPS. The firm’s revenue was down 20.6% compared to the same quarter last year. Equities research analysts anticipate that Rockwell Automation, Inc. will post 9.44 EPS for the current fiscal year.

Rockwell Automation declared that its board has approved a share repurchase plan on Thursday, September 5th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the industrial products company to reacquire up to 3.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Rockwell Automation Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th will be issued a dividend of $1.31 per share. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, November 18th. This represents a $5.24 annualized dividend and a yield of 1.78%. Rockwell Automation’s dividend payout ratio is 63.29%.

Insider Buying and Selling at Rockwell Automation

In related news, Director James P. Keane sold 2,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $296.00, for a total value of $592,000.00. Following the transaction, the director now owns 11,518 shares of the company’s stock, valued at $3,409,328. This represents a 14.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Veena M. Lakkundi sold 579 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $266.86, for a total value of $154,511.94. Following the completion of the sale, the senior vice president now owns 4,576 shares in the company, valued at approximately $1,221,151.36. This represents a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,746 shares of company stock valued at $9,152,594 in the last quarter. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

ROK has been the subject of a number of analyst reports. Mizuho upped their price objective on shares of Rockwell Automation from $245.00 to $270.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. TD Cowen cut their price target on shares of Rockwell Automation from $220.00 to $215.00 and set a “sell” rating for the company in a report on Thursday, August 8th. Wells Fargo & Company upped their price objective on Rockwell Automation from $293.00 to $305.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Bank of America raised their target price on Rockwell Automation from $270.00 to $285.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, Barclays lifted their target price on Rockwell Automation from $245.00 to $255.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $287.13.

Rockwell Automation Company 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.