Private Trust Co. NA increased its stake in shares of Rockwell Automation (NYSE:ROK) by 52.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,355 shares of the industrial products company’s stock after purchasing an additional 2,199 shares during the quarter. Private Trust Co. NA’s holdings in Rockwell Automation were worth $1,056,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of ROK. Wealthcare Advisory Partners LLC raised its stake 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 during the last quarter. Rockefeller Capital Management L.P. purchased a new stake in Rockwell Automation in the first quarter valued at about $139,000. Signaturefd LLC purchased a new stake in Rockwell Automation in the first quarter valued at about $141,000. WealthTrust Fairport LLC purchased a new stake in Rockwell Automation in the first quarter valued at about $172,000. Finally, Pitcairn Co. purchased a new stake in Rockwell Automation in the fourth quarter valued at about $206,000. Hedge funds and other institutional investors own 73.10% of the company’s stock.
A number of equities research analysts have commented on ROK shares. ValuEngine upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Saturday, March 10th. Cowen increased their price target on Rockwell Automation from $165.00 to $175.00 and gave the company a “market perform” rating in a research note on Tuesday, March 20th. Barclays decreased their price target on Rockwell Automation from $200.00 to $190.00 and set an “equal weight” rating for the company in a research note on Monday, March 26th. Zacks Investment Research cut Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Tuesday, March 27th. Finally, Wells Fargo & Co upgraded Rockwell Automation from a “market perform” rating to an “outperform” rating and set a $200.00 price target for the company in a research note on Wednesday, March 28th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $185.79.
In related news, SVP Sujeet Chand sold 4,900 shares of the firm’s stock in a transaction dated Friday, May 18th. The stock was sold at an average price of $182.46, for a total transaction of $894,054.00. Following the sale, the senior vice president now directly owns 49,327 shares of the company’s stock, valued at $9,000,204.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.28% of the stock is owned by company insiders.
Shares of Rockwell Automation opened at $167.12 on Wednesday, Marketbeat.com reports. The company has a current ratio of 2.10, a quick ratio of 1.79 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $20.88 billion, a PE ratio of 24.73, a PEG ratio of 1.80 and a beta of 1.27. Rockwell Automation has a fifty-two week low of $155.81 and a fifty-two week high of $210.72.
Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, April 25th. The industrial products company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.07. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.66 billion. Rockwell Automation had a return on equity of 42.38% and a net margin of 6.34%. The company’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.55 earnings per share. research analysts anticipate that Rockwell Automation will post 7.91 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Investors of record on Monday, August 13th will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Friday, August 10th. Rockwell Automation’s dividend payout ratio (DPR) is 54.44%.
About Rockwell Automation
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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