Advisor Group Inc. boosted its holdings in Rockwell Automation (NYSE:ROK) by 19.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,701 shares of the industrial products company’s stock after acquiring an additional 1,877 shares during the period. Advisor Group Inc.’s holdings in Rockwell Automation were worth $2,300,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Pinnacle Associates Ltd. grew its position in Rockwell Automation by 3.4% in the third quarter. Pinnacle Associates Ltd. now owns 7,965 shares of the industrial products company’s stock worth $1,419,000 after buying an additional 263 shares during the last quarter. Edge Advisors LLC boosted its stake in Rockwell Automation by 12.8% in the 4th quarter. Edge Advisors LLC now owns 2,472 shares of the industrial products company’s stock worth $484,000 after purchasing an additional 280 shares during the period. Dai Ichi Life Insurance Company Ltd boosted its stake in Rockwell Automation by 0.9% in the 3rd quarter. Dai Ichi Life Insurance Company Ltd now owns 32,307 shares of the industrial products company’s stock worth $5,757,000 after purchasing an additional 285 shares during the period. Amalgamated Bank boosted its stake in Rockwell Automation by 2.0% in the 3rd quarter. Amalgamated Bank now owns 15,472 shares of the industrial products company’s stock worth $2,757,000 after purchasing an additional 300 shares during the period. Finally, Stephens Inc. AR boosted its stake in Rockwell Automation by 15.9% in the 4th quarter. Stephens Inc. AR now owns 2,184 shares of the industrial products company’s stock worth $429,000 after purchasing an additional 300 shares during the period. Institutional investors own 73.21% of the company’s stock.
Several equities research analysts recently issued reports on ROK shares. Zacks Investment Research upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $194.00 target price on the stock in a report on Wednesday. Wells Fargo upgraded shares of Rockwell Automation from a “market perform” rating to an “outperform” rating and set a $200.00 price objective on the stock in a report on Wednesday, March 28th. Barclays dropped their price objective on shares of Rockwell Automation from $200.00 to $190.00 and set an “equal weight” rating on the stock in a report on Monday, March 26th. Cowen lifted their target price on shares of Rockwell Automation from $165.00 to $175.00 and gave the company a “market perform” rating in a research report on Tuesday, March 20th. Finally, ValuEngine upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Saturday, March 10th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $189.58.
Shares of ROK stock traded down $5.97 during trading hours on Friday, reaching $168.96. 1,205,312 shares of the company were exchanged, compared to its average volume of 895,768. The company has a current ratio of 1.98, a quick ratio of 1.73 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $21,590.38, a price-to-earnings ratio of 24.99, a PEG ratio of 1.90 and a beta of 1.26. 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 posted 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. Rockwell Automation had a net margin of 5.85% and a return on equity of 39.45%. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the previous year, the firm posted $1.75 earnings per share. Rockwell Automation’s revenue for the quarter was up 6.5% compared to the same quarter last year. equities research analysts forecast that Rockwell Automation will post 7.8 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend was Friday, February 16th. Rockwell Automation’s dividend payout ratio is 49.41%.
Rockwell Automation announced that its Board of Directors has approved a share repurchase plan on Wednesday, January 24th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the industrial products company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.
In related news, VP Robert B. Murphy sold 696 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $200.00, for a total transaction of $139,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David M. Dorgan sold 10,400 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $202.41, for a total transaction of $2,105,064.00. Following the transaction, the vice president now owns 12,853 shares of the company’s stock, valued at approximately $2,601,575.73. The disclosure for this sale can be found here. Insiders have sold 123,627 shares of company stock valued at $23,604,488 in the last three months. 1.65% of the stock is owned by insiders.
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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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