MainStreet Investment Advisors LLC boosted its stake in Rockwell Automation (NYSE:ROK) by 12.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,076 shares of the industrial products company’s stock after acquiring an additional 332 shares during the period. MainStreet Investment Advisors LLC’s holdings in Rockwell Automation were worth $464,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in ROK. Sumitomo Mitsui Trust Holdings Inc. raised its position in Rockwell Automation by 150.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,412,528 shares of the industrial products company’s stock worth $213,165,000 after acquiring an additional 848,273 shares during the period. Norges Bank bought a new stake in shares of Rockwell Automation in the fourth quarter valued at approximately $155,572,000. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Rockwell Automation by 487.3% in the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 832,693 shares of the industrial products company’s stock valued at $168,762,000 after purchasing an additional 690,915 shares during the period. 1832 Asset Management L.P. bought a new stake in shares of Rockwell Automation in the fourth quarter valued at approximately $114,854,000. Finally, BlackRock Inc. raised its position in shares of Rockwell Automation by 5.5% in the first quarter. BlackRock Inc. now owns 9,486,884 shares of the industrial products company’s stock valued at $1,431,668,000 after purchasing an additional 495,939 shares during the period. 75.30% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director James Phillip Holloman sold 1,582 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $194.34, for a total value of $307,445.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Steven W. Etzel sold 1,200 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $205.50, for a total transaction of $246,600.00. Following the completion of the sale, the vice president now directly owns 10,123 shares of the company’s stock, valued at approximately $2,080,276.50. The disclosure for this sale can be found here. Insiders sold a total of 6,882 shares of company stock valued at $1,399,999 in the last ninety days. 0.77% of the stock is owned by corporate insiders.
Several analysts have recently issued reports on the stock. UBS Group boosted their price target on shares of Rockwell Automation from $161.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Citigroup boosted their price target on shares of Rockwell Automation from $155.00 to $198.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Gordon Haskett raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $175.00 price target on the stock in a research report on Wednesday, March 25th. Morgan Stanley boosted their price target on shares of Rockwell Automation from $162.00 to $177.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. Finally, Credit Suisse Group boosted their price objective on shares of Rockwell Automation from $163.00 to $185.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. Rockwell Automation presently has a consensus rating of “Hold” and an average price target of $185.24.
ROK stock traded down $1.54 during midday trading on Friday, reaching $202.19. The company had a trading volume of 734,489 shares, compared to its average volume of 1,161,258. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.57 and a quick ratio of 1.21. Rockwell Automation has a 1 year low of $115.38 and a 1 year high of $209.60. The company has a market capitalization of $23.60 billion, a P/E ratio of 22.76, a P/E/G ratio of 4.48 and a beta of 1.47. The firm has a 50-day moving average price of $177.30 and a 200-day moving average price of $187.16.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.43 EPS for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.61. Rockwell Automation had a net margin of 10.54% and a return on equity of 118.85%. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the previous year, the company earned $2.04 EPS. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities analysts predict that Rockwell Automation will post 7.18 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 18th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.02%. Rockwell Automation’s dividend payout ratio (DPR) is 47.06%.
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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