Valeo Financial Advisors LLC raised its holdings in shares of Rockwell Automation (NYSE:ROK) by 54.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,135 shares of the industrial products company’s stock after purchasing an additional 400 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Rockwell Automation were worth $223,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Pinnacle Associates Ltd. increased its stake in Rockwell Automation by 3.4% during the 3rd quarter. Pinnacle Associates Ltd. now owns 7,965 shares of the industrial products company’s stock valued at $1,419,000 after purchasing an additional 263 shares in the last quarter. Dai Ichi Life Insurance Company Ltd increased its stake in Rockwell Automation by 0.9% during the 3rd quarter. Dai Ichi Life Insurance Company Ltd now owns 32,307 shares of the industrial products company’s stock valued at $5,757,000 after purchasing an additional 285 shares in the last quarter. Amalgamated Bank increased its stake in Rockwell Automation by 2.0% during the 3rd quarter. Amalgamated Bank now owns 15,472 shares of the industrial products company’s stock valued at $2,757,000 after purchasing an additional 300 shares in the last quarter. Stephens Inc. AR increased its stake in Rockwell Automation by 15.9% during the 4th quarter. Stephens Inc. AR now owns 2,184 shares of the industrial products company’s stock valued at $429,000 after purchasing an additional 300 shares in the last quarter. Finally, Community Bank N.A. increased its stake in Rockwell Automation by 15.8% during the 4th quarter. Community Bank N.A. now owns 2,267 shares of the industrial products company’s stock valued at $445,000 after purchasing an additional 310 shares in the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.
Rockwell Automation (NYSE ROK) opened at $184.67 on Wednesday. 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 firm has a market cap of $23,711.60, a PE ratio of 64.80, a P/E/G ratio of 2.09 and a beta of 1.17. Rockwell Automation has a fifty-two week low of $148.31 and a fifty-two week high of $210.72.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $1.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.22. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.60 billion. Rockwell Automation had a net margin of 5.85% and a return on equity of 39.45%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.75 EPS. analysts predict that Rockwell Automation will post 7.79 earnings per share 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 1.81%. The ex-dividend date is Friday, February 16th. Rockwell Automation’s dividend payout ratio (DPR) is currently 117.19%.
Rockwell Automation declared that its Board of Directors has authorized a share buyback program on Wednesday, January 24th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
A number of analysts have commented on ROK shares. lowered shares of Rockwell Automation from a “hold” rating to a “reduce” rating in a research note on Thursday, November 2nd. Oppenheimer reiterated a “hold” rating on shares of Rockwell Automation in a research note on Thursday, November 9th. Citigroup upped their target price on shares of Rockwell Automation from $187.00 to $200.00 and gave the stock a “neutral” rating in a research note on Friday, November 10th. Zacks Investment Research lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Wolfe Research upgraded shares of Rockwell Automation from a “market perform” rating to an “outperform” rating in a research note on Monday, November 20th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $185.00.
In related news, insider Elik I. Fooks sold 904 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $190.77, for a total value of $172,456.08. Following the transaction, the insider now directly owns 9,464 shares of the company’s stock, valued at approximately $1,805,447.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Frank C. Kulaszewicz sold 43,100 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $177.68, for a total transaction of $7,658,008.00. Following the completion of the transaction, the senior vice president now directly owns 35,338 shares in the company, valued at $6,278,855.84. The disclosure for this sale can be found here. Insiders sold a total of 120,347 shares of company stock worth $23,031,614 over the last three months. 1.28% of the stock is owned by insiders.
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Rockwell Automation Company 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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