Trillium Asset Management LLC Has $1.24 Million Holdings in Rockwell Automation, Inc. $ROK

Trillium Asset Management LLC decreased its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 88.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,740 shares of the industrial products company’s stock after selling 27,870 shares during the period. Trillium Asset Management LLC’s holdings in Rockwell Automation were worth $1,243,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Robeco Institutional Asset Management B.V. increased its holdings in Rockwell Automation by 720.8% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 399,309 shares of the industrial products company’s stock valued at $132,638,000 after purchasing an additional 350,662 shares in the last quarter. Great Lakes Advisors LLC acquired a new position in Rockwell Automation in the first quarter worth $73,908,000. Nuveen LLC acquired a new position in Rockwell Automation in the first quarter worth $63,632,000. Raymond James Financial Inc. boosted its stake in Rockwell Automation by 213.7% in the first quarter. Raymond James Financial Inc. now owns 357,080 shares of the industrial products company’s stock worth $92,263,000 after purchasing an additional 243,249 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Rockwell Automation by 1,950.4% in the second quarter. Assenagon Asset Management S.A. now owns 202,788 shares of the industrial products company’s stock worth $67,360,000 after purchasing an additional 192,898 shares in the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Cyril Perducat sold 1,435 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $348.08, for a total value of $499,494.80. Following the transaction, the senior vice president directly owned 3,787 shares in the company, valued at $1,318,178.96. This represents a 27.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Isaac Woods sold 365 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $348.44, for a total transaction of $127,180.60. Following the completion of the sale, the vice president directly owned 1,691 shares of the company’s stock, valued at $589,212.04. The trade was a 17.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,375 shares of company stock valued at $10,661,109 over the last three months. 0.68% of the stock is owned by insiders.

Rockwell Automation Trading Up 0.8%

Shares of NYSE ROK opened at $362.79 on Thursday. The company’s 50 day simple moving average is $348.64 and its 200 day simple moving average is $330.06. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $375.02. The firm has a market capitalization of $40.79 billion, a P/E ratio of 42.58, a P/E/G ratio of 3.30 and a beta of 1.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.67 by $0.15. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period in the prior year, the business posted $2.71 earnings per share. Rockwell Automation’s revenue was up 4.5% compared to the same quarter last year. On average, analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 17th will be issued a $1.38 dividend. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.31. This represents a $5.52 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, November 17th. Rockwell Automation’s dividend payout ratio (DPR) is currently 64.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Oppenheimer upped their target price on shares of Rockwell Automation from $363.00 to $365.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rockwell Automation in a research report on Wednesday, October 8th. Bank of America upgraded shares of Rockwell Automation from a “neutral” rating to a “buy” rating and upped their target price for the stock from $360.00 to $410.00 in a research report on Wednesday, July 16th. Stephens reiterated an “overweight” rating and set a $375.00 target price (up from $350.00) on shares of Rockwell Automation in a research report on Wednesday, July 16th. Finally, Wall Street Zen upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Rockwell Automation currently has an average rating of “Moderate Buy” and an average price target of $347.94.

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.