Duality Advisers LP purchased a new stake in Rockwell Automation (NYSE:ROK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,688 shares of the industrial products company’s stock, valued at approximately $1,851,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of ROK. Meeder Asset Management Inc. grew its position in Rockwell Automation by 67.6% in the 1st quarter. Meeder Asset Management Inc. now owns 176 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 71 shares during the period. OmniStar Financial Group Inc. acquired a new stake in Rockwell Automation in the 1st quarter valued at $29,000. Citizens Financial Group Inc RI grew its position in Rockwell Automation by 68.4% in the 1st quarter. Citizens Financial Group Inc RI now owns 192 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 78 shares during the period. Asset Dedication LLC grew its position in Rockwell Automation by 117.4% in the 1st quarter. Asset Dedication LLC now owns 200 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 108 shares during the period. Finally, CVA Family Office LLC acquired a new stake in Rockwell Automation in the 1st quarter valued at $30,000. 77.35% of the stock is owned by institutional investors and hedge funds.
Several analysts recently issued reports on the stock. Oppenheimer lifted their price target on shares of Rockwell Automation from $182.00 to $215.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. G.Research lowered shares of Rockwell Automation from a “hold” rating to a “sell” rating in a research note on Thursday, April 30th. Barclays raised their price target on shares of Rockwell Automation from $247.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday. Credit Suisse Group upped their price objective on shares of Rockwell Automation from $215.00 to $226.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Rosenblatt Securities upgraded shares of Rockwell Automation from a “sell” rating to a “neutral” rating and increased their price objective for the company from $173.00 to $205.00 in a research note on Wednesday. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $202.59.
In other news, Director James Phillip Holloman sold 1,582 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $194.34, for a total transaction of $307,445.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Patrick P. Goris sold 2,600 shares of the firm’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $220.00, for a total transaction of $572,000.00. Following the sale, the chief financial officer now owns 12,343 shares in the company, valued at approximately $2,715,460. The disclosure for this sale can be found here. Insiders sold a total of 32,181 shares of company stock worth $6,851,010 over the last quarter. Corporate insiders own 0.77% of the company’s stock.
ROK opened at $218.14 on Friday. The company has a 50 day moving average of $214.27 and a 200 day moving average of $193.19. The company has a market cap of $25.30 billion, a PE ratio of 27.90, a price-to-earnings-growth ratio of 5.00 and a beta of 1.50. Rockwell Automation has a 12 month low of $115.38 and a 12 month high of $230.93. The company has a current ratio of 1.31, a quick ratio of 1.21 and a debt-to-equity ratio of 2.04.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.14. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. Rockwell Automation had a net margin of 11.85% and a return on equity of 105.45%. Rockwell Automation’s revenue for the quarter was down 16.3% on a year-over-year basis. During the same period last year, the firm earned $2.40 EPS. Research analysts forecast that Rockwell Automation will post 7.49 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Friday, August 14th. Rockwell Automation’s dividend payout ratio is presently 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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