Exxonmobil Investment Management Inc. TX cut its holdings in Rockwell Automation (NYSE:ROK) by 12.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,433 shares of the industrial products company’s stock after selling 3,007 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Rockwell Automation were worth $4,012,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Valeo Financial Advisors LLC acquired a new position in shares of Rockwell Automation in the third quarter valued at about $131,000. Acrospire Investment Management LLC increased its holdings in shares of Rockwell Automation by 166.3% in the second quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 499 shares during the period. Rockefeller Financial Services Inc. acquired a new position in shares of Rockwell Automation in the third quarter valued at about $143,000. Sun Life Financial INC increased its holdings in shares of Rockwell Automation by 8,490.9% in the second quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock valued at $153,000 after purchasing an additional 934 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Rockwell Automation in the third quarter valued at about $186,000. Institutional investors own 72.90% of the company’s stock.
In related news, Director Keith D. Nosbusch sold 10,500 shares of Rockwell Automation stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $203.00, for a total transaction of $2,131,500.00. Following the transaction, the director now owns 430,199 shares in the company, valued at $87,330,397. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Blake D. Moret sold 5,309 shares of Rockwell Automation stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $190.75, for a total value of $1,012,691.75. Following the transaction, the chief executive officer now owns 30,720 shares in the company, valued at approximately $5,859,840. The disclosure for this sale can be found here. In the last quarter, insiders have sold 70,866 shares of company stock worth $14,176,791. 1.65% of the stock is currently owned by company insiders.
Shares of Rockwell Automation (NYSE:ROK) traded down $5.02 on Friday, reaching $194.02. The company’s stock had a trading volume of 1,150,000 shares, compared to its average volume of 713,046. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.67 and a current ratio of 1.98. Rockwell Automation has a one year low of $147.55 and a one year high of $210.72. The firm has a market capitalization of $24,930.00, a price-to-earnings ratio of 68.08, a P/E/G ratio of 2.25 and a beta of 1.17.
Rockwell Automation (NYSE:ROK) last released its earnings results on Wednesday, January 24th. The industrial products company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.22. Rockwell Automation had a return on equity of 39.45% and a net margin of 5.85%. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter last year, the business posted $1.75 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. analysts anticipate that Rockwell Automation will post 7.79 earnings per share for the current fiscal year.
Rockwell Automation declared that its Board of Directors has approved a share buyback program on Wednesday, January 24th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the industrial products company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.
A number of research analysts have recently weighed in on ROK shares. Credit Suisse Group reissued a “neutral” rating and issued a $174.00 price objective (up from $154.00) on shares of Rockwell Automation in a report on Wednesday, October 11th. Wolfe Research raised Rockwell Automation from a “market perform” rating to an “outperform” rating in a report on Monday, November 20th. JPMorgan Chase & Co. started coverage on Rockwell Automation in a report on Wednesday, November 29th. They set a “neutral” rating on the stock. Citigroup dropped their target price on Rockwell Automation from $214.00 to $209.00 and set a “neutral” rating on the stock in a report on Thursday, January 25th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Rockwell Automation in a report on Monday, November 20th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. Rockwell Automation currently has an average rating of “Hold” and an average target price of $183.15.
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About Rockwell Automation
Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.
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