Atlantic Trust Group LLC cut its stake in shares of Rockwell Automation (NYSE:ROK) by 2.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 13,320 shares of the industrial products company’s stock after selling 331 shares during the period. Atlantic Trust Group LLC’s holdings in Rockwell Automation were worth $2,320,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC lifted its position in Rockwell Automation by 333.3% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 676 shares of the industrial products company’s stock worth $118,000 after acquiring an additional 520 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new position in Rockwell Automation during the 1st quarter worth approximately $139,000. Signaturefd LLC acquired a new position in Rockwell Automation during the 1st quarter worth approximately $141,000. Pitcairn Co. acquired a new position in Rockwell Automation during the 4th quarter worth approximately $206,000. Finally, Calamos Advisors LLC acquired a new position in Rockwell Automation during the 4th quarter worth approximately $207,000. 73.10% of the stock is currently owned by hedge funds and other institutional investors.
In other news, SVP Sujeet Chand sold 4,900 shares of the business’s stock in a transaction that occurred on Friday, May 18th. The stock was sold at an average price of $182.46, for a total value of $894,054.00. Following the completion of the sale, the senior vice president now directly owns 49,327 shares in the company, valued at approximately $9,000,204.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.28% of the stock is currently owned by insiders.
ROK stock opened at $164.74 on Wednesday. The company has a current ratio of 2.10, a quick ratio of 1.79 and a debt-to-equity ratio of 0.63. Rockwell Automation has a 52-week low of $155.81 and a 52-week high of $210.72. The company has a market cap of $21.10 billion, a price-to-earnings ratio of 24.37, a price-to-earnings-growth ratio of 1.82 and a beta of 1.29.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, April 25th. The industrial products company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.07. Rockwell Automation had a return on equity of 42.38% and a net margin of 6.34%. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the business earned $1.55 EPS. Rockwell Automation’s revenue for the quarter was up 6.2% compared to the same quarter last year. equities analysts forecast that Rockwell Automation will post 7.91 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Monday, August 13th will be issued a $0.92 dividend. The ex-dividend date of this dividend is Friday, August 10th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.23%. Rockwell Automation’s dividend payout ratio (DPR) is 54.44%.
Several equities analysts recently commented on ROK shares. Zacks Investment Research lowered Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Tuesday, March 27th. Wells Fargo & Co raised Rockwell Automation from a “market perform” rating to an “outperform” rating and set a $200.00 price target on the stock in a research report on Wednesday, March 28th. Cowen boosted their price target on Rockwell Automation from $165.00 to $175.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 20th. Morgan Stanley reduced their price target on Rockwell Automation from $206.00 to $187.00 and set an “equal weight” rating on the stock in a research report on Monday, April 30th. Finally, Barclays reduced their price target on Rockwell Automation from $200.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Monday, March 26th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $185.79.
Rockwell Automation 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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