Lyons Wealth Management LLC. bought a new stake in Rockwell Automation (NYSE:ROK) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,121 shares of the industrial products company’s stock, valued at approximately $811,000. Rockwell Automation accounts for approximately 1.3% of Lyons Wealth Management LLC.’s holdings, making the stock its 22nd largest position.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ROK. Rational Advisors LLC bought a new position in Rockwell Automation during the fourth quarter worth about $216,000. Catalyst Capital Advisors LLC bought a new position in Rockwell Automation during the fourth quarter worth about $3,127,000. Penserra Capital Management LLC lifted its stake in Rockwell Automation by 18.6% during the fourth quarter. Penserra Capital Management LLC now owns 2,520 shares of the industrial products company’s stock worth $494,000 after purchasing an additional 396 shares during the period. Sentry Investment Management LLC lifted its stake in Rockwell Automation by 10.4% during the fourth quarter. Sentry Investment Management LLC now owns 10,280 shares of the industrial products company’s stock worth $2,018,000 after purchasing an additional 968 shares during the period. Finally, Bronfman E.L. Rothschild L.P. lifted its stake in Rockwell Automation by 13.4% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 4,896 shares of the industrial products company’s stock worth $961,000 after purchasing an additional 579 shares during the period. Institutional investors and hedge funds own 72.35% of the company’s stock.
Rockwell Automation (ROK) opened at $186.30 on Tuesday. Rockwell Automation has a one year low of $148.31 and a one year high of $210.72. The company has a quick ratio of 1.73, a current ratio of 1.98 and a debt-to-equity ratio of 0.57. The stock has a market cap of $23,389.58, a P/E ratio of 26.30, a PEG ratio of 2.06 and a beta of 1.17.
Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, January 24th. The industrial products company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.22. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Rockwell Automation had a net margin of 5.85% and a return on equity of 39.45%. Rockwell Automation’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.75 earnings per share. sell-side analysts forecast that Rockwell Automation will post 7.79 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Tuesday, February 20th will be issued a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Friday, February 16th. Rockwell Automation’s dividend payout ratio is currently 117.19%.
Rockwell Automation announced that its Board of Directors has authorized a share repurchase plan on Wednesday, January 24th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.
A number of research analysts have commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Rockwell Automation from $182.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. Zacks Investment Research upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $209.00 price target for the company in a research note on Tuesday, October 17th. Morgan Stanley lifted their target price on shares of Rockwell Automation from $194.00 to $206.00 and gave the company an “equal weight” rating in a research note on Thursday, January 25th. UBS Group assumed coverage on shares of Rockwell Automation in a research note on Monday, January 22nd. They issued a “buy” rating for the company. Finally, Wells Fargo & Co lifted their target price on shares of Rockwell Automation from $190.00 to $200.00 and gave the company a “market perform” rating in a research note on Thursday, January 25th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $183.15.
In related news, SVP Frank C. Kulaszewicz sold 43,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $177.68, for a total value of $7,658,008.00. Following the completion of the sale, the senior vice president now owns 35,338 shares of the company’s stock, valued at $6,278,855.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Blake D. Moret sold 5,309 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $190.75, for a total transaction of $1,012,691.75. Following the completion of the sale, the chief executive officer now directly owns 30,720 shares of the company’s stock, valued at approximately $5,859,840. The disclosure for this sale can be found here. In the last three months, insiders sold 113,966 shares of company stock valued at $21,834,799. 1.28% of the stock is currently owned by company insiders.
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Rockwell Automation Profile
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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