Natixis increased its holdings in shares of Rockwell Automation (NYSE:ROK) by 447.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,123 shares of the industrial products company’s stock after purchasing an additional 42,608 shares during the period. Natixis’ holdings in Rockwell Automation were worth $9,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of the stock. Wealthcare Advisory Partners LLC increased its holdings in Rockwell Automation by 333.3% in the first quarter. Wealthcare Advisory Partners LLC now owns 676 shares of the industrial products company’s stock valued at $118,000 after buying an additional 520 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new position in Rockwell Automation in the first quarter valued at $139,000. Signaturefd LLC purchased a new position in Rockwell Automation in the first quarter valued at $141,000. Pitcairn Co. purchased a new position in Rockwell Automation in the fourth quarter valued at $206,000. Finally, Calamos Advisors LLC purchased a new position in Rockwell Automation in the fourth quarter valued at $207,000. 73.17% of the stock is owned by hedge funds and other institutional investors.
ROK has been the subject of a number of recent analyst reports. Barclays cut their price objective on shares of Rockwell Automation from $200.00 to $190.00 and set an “equal weight” rating for the company in a report on Monday, March 26th. Zacks Investment Research cut shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Tuesday, March 27th. Stifel Nicolaus cut their price objective on shares of Rockwell Automation from $180.00 to $173.00 and set a “hold” rating for the company in a report on Thursday, April 26th. Wells Fargo & Co raised shares of Rockwell Automation from a “market perform” rating to an “outperform” rating and set a $200.00 price objective for the company in a report on Wednesday, March 28th. Finally, ValuEngine raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a report on Saturday, March 10th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $185.79.
In other news, SVP Sujeet Chand sold 4,900 shares of the business’s stock in a transaction dated Friday, May 18th. The shares were sold at an average price of $182.46, for a total transaction of $894,054.00. Following the completion of the sale, the senior vice president now owns 49,327 shares of the company’s stock, valued at $9,000,204.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.65% of the stock is owned by insiders.
ROK stock opened at $177.66 on Friday. The stock has a market cap of $22.31 billion, a PE ratio of 24.34, a P/E/G ratio of 1.79 and a beta of 1.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.10 and a quick ratio of 1.79. Rockwell Automation has a 52 week low of $155.81 and a 52 week high of $210.72.
Rockwell Automation (NYSE:ROK) last released its earnings results on Wednesday, April 25th. The industrial products company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.07. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Rockwell Automation had a net margin of 6.34% and a return on equity of 42.38%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.55 earnings per share. equities analysts anticipate that Rockwell Automation will post 7.9 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Monday, August 13th will be paid a dividend of $0.92 per share. The ex-dividend date is Friday, August 10th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.07%. Rockwell Automation’s dividend payout ratio is currently 54.44%.
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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