Rockwell Automation Inc. (NYSE:ROK) Experiencing Unusual Activity Mid-day

Wednesday, 01 Nov, 2017

Here is a rundown on some insider market activity for Rockwell Automation, Inc. Lazard Asset Management LLC raised its position in Rockwell Automation by 0.5% in the 2nd quarter. With many preferring that Rockwell Automation Inc. reinvest its earnings back into its trade to fuel future growth, a lot acknowledges a generous cash dividend payment. Rockwell Automation had 51 analyst reports since September 9, 2015 according to SRatingsIntel. However, the institutional investors are observed to own 77.00% of the total shares. There has been an observed change of -44.67% in the ownership of the shares in the past six months. The Michigan-based Northpointe Capital Llc has invested 0.41% in the stock. Andra Ap owns 29,300 shares for 0.12% of their portfolio. Next Financial Grp, a Texas-based fund reported 910 shares. Lazard Asset Management LLC boosted its holdings in shares of Rockwell Automation by 0.5% during the 2nd quarter. State Teachers Retirement reported 0.08% of its portfolio in Rockwell Automation (NYSE:ROK). Mitsubishi Ufj & invested in 273,710 shares or 0.09% of the stock. Sun Life Financial Inc holds 0.02% or 945 shares in its portfolio. It also upped Nexstar Media Group Inc (NASDAQ:NXST) stake by 7,000 shares and now owns 603,500 shares. The shares were sold at an average price of $170.06, for a total value of $293,013.38. The insider Kulaszewicz Frank C sold $779,100. HSBC started coverage on Rockwell Automation in a research note on Friday, October 7th. For the income oriented investors, the existing payout ratio will be observed closely, providing a valuable insight into Rockwell Automation Inc.'s dividend policy.

The stock of Rockwell Automation (NYSE:ROK) hit a new 52-week high and has $211.68 target or 5.00 % above today's $201.60 share price. The company sold units that accounted for several billion dollars a year in sales to eliminate slower-growing or lower-margin businesses. Stifel Nicolaus maintained it with "Hold" rating and $16700 target in Wednesday, July 19 report. About 1.26M shares traded. Rockwell Automation (NYSE:ROK) has risen 42.76% since October 31, 2016 and is uptrending. It has outperformed by 26.06% the S&P500. The stock of Rockwell Automation (NYSE:ROK) earned "Underperform" rating by Credit Agricole on Wednesday, November 11. ROK's profit would be $219.48M giving it 27.60 P/E if the $1.71 EPS is correct. BlackRock Inc. raised its position in Rockwell Automation by 7.5% in the 2nd quarter. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. Therefore 16% are positive. The company recorded a fall in short interest from September 15, 2017 to September 29, 2017 of -9.55%. The rating was initiated by Citigroup on Thursday, January 21 with "Neutral". Rockwell Automation now has a consensus rating of "Hold" and an average price target of $164.07. Cowen and Company reaffirmed a "hold" rating and set a $140.00 price objective on shares of Rockwell Automation in a report on Sunday, September 17th. The firm has "Neutral" rating given on Monday, October 5 by Robert W. Baird.

Milwaukee, Wisconsin-based Rockwell said it had previously rejected Emerson's first buyout offer made on August 2 worth $200 per share, with about half of the consideration in cash and the rest in Emerson stock. Zacks Investment Research raised shares of Rockwell Automation from a "hold" rating to a "buy" rating and set a $209.00 target price on the stock in a report on Tuesday, October 17th.

Menta Capital Llc increased Rockwell Automation Inc (ROK) stake by 32.75% reported in 2017Q2 SEC filing.

The company now has a P/E ratio of 32.51 and market cap is 25.87B. The Company operates through two segments: Architecture & Software and Control Products & Solutions. While analysts have viewed Rockwell as a solid fit with Emerson's industrial control line, Rockwell executives have shown little interest in selling.