Wealthfront Advisers LLC raised its position in Rockwell Automation (NYSE:ROK) by 34.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,244 shares of the industrial products company’s stock after buying an additional 840 shares during the period. Wealthfront Advisers LLC’s holdings in Rockwell Automation were worth $569,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ROK. Oregon Public Employees Retirement Fund increased its holdings in Rockwell Automation by 15,107.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,142,955 shares of the industrial products company’s stock valued at $34,000 after buying an additional 5,109,136 shares in the last quarter. BlackRock Inc. increased its stake in shares of Rockwell Automation by 10.2% during the fourth quarter. BlackRock Inc. now owns 9,882,329 shares of the industrial products company’s stock worth $1,487,092,000 after purchasing an additional 918,161 shares in the last quarter. Two Sigma Advisers LP increased its stake in shares of Rockwell Automation by 15,978.3% during the fourth quarter. Two Sigma Advisers LP now owns 801,183 shares of the industrial products company’s stock worth $120,562,000 after purchasing an additional 796,200 shares in the last quarter. Norges Bank purchased a new stake in shares of Rockwell Automation during the fourth quarter worth about $113,267,000. Finally, Alecta Pensionsforsakring Omsesidigt increased its stake in shares of Rockwell Automation by 11.0% during the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 3,028,265 shares of the industrial products company’s stock worth $531,309,000 after purchasing an additional 300,000 shares in the last quarter. 75.18% of the stock is owned by institutional investors.
ROK opened at $156.53 on Friday. The stock has a market cap of $18.53 billion, a P/E ratio of 19.30, a price-to-earnings-growth ratio of 2.30 and a beta of 1.43. Rockwell Automation has a twelve month low of $141.46 and a twelve month high of $198.23. The company has a current ratio of 1.59, a quick ratio of 1.23 and a debt-to-equity ratio of 1.45.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Thursday, April 25th. The industrial products company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.07). The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.71 billion. Rockwell Automation had a return on equity of 73.82% and a net margin of 14.43%. The business’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.89 earnings per share. Equities analysts predict that Rockwell Automation will post 8.9 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th will be issued a $0.97 dividend. The ex-dividend date is Friday, August 9th. This represents a $3.88 annualized dividend and a yield of 2.48%. Rockwell Automation’s payout ratio is 47.84%.
A number of analysts have recently commented on the stock. Morgan Stanley cut their target price on shares of Rockwell Automation from $159.00 to $144.00 and set an “underweight” rating for the company in a research note on Friday. Barclays reissued a “hold” rating and set a $164.00 target price on shares of Rockwell Automation in a research note on Thursday, June 6th. Gabelli raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a research note on Wednesday, May 29th. Deutsche Bank boosted their price target on shares of Rockwell Automation from $173.00 to $186.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. Finally, BMO Capital Markets lowered their price target on shares of Rockwell Automation from $223.00 to $214.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Six equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. Rockwell Automation currently has an average rating of “Hold” and an average target price of $172.67.
In other Rockwell Automation news, SVP Michael Laszkiewicz sold 263 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $159.38, for a total value of $41,916.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.43% of the company’s stock.
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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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