Tocqueville Asset Management L.P. cut its stake in shares of Rockwell Automation (NYSE:ROK) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,769 shares of the industrial products company’s stock after selling 213 shares during the period. Tocqueville Asset Management L.P.’s holdings in Rockwell Automation were worth $5,205,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of Rockwell Automation by 18.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 544,681 shares of the industrial products company’s stock worth $81,963,000 after purchasing an additional 86,007 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Rockwell Automation by 5.6% during the 4th quarter. Geode Capital Management LLC now owns 1,702,053 shares of the industrial products company’s stock worth $255,708,000 after purchasing an additional 90,580 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Rockwell Automation during the 1st quarter worth $1,113,000. IFM Investors Pty Ltd boosted its position in shares of Rockwell Automation by 10.0% during the 1st quarter. IFM Investors Pty Ltd now owns 7,969 shares of the industrial products company’s stock worth $1,398,000 after purchasing an additional 725 shares in the last quarter. Finally, Gulf International Bank UK Ltd boosted its position in shares of Rockwell Automation by 0.7% during the 1st quarter. Gulf International Bank UK Ltd now owns 28,805 shares of the industrial products company’s stock worth $5,054,000 after purchasing an additional 195 shares in the last quarter. 77.00% of the stock is owned by institutional investors and hedge funds.
In other Rockwell Automation news, insider Blake D. Moret sold 297 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $161.53, for a total value of $47,974.41. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Michael Laszkiewicz sold 263 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $159.38, for a total value of $41,916.94. The disclosure for this sale can be found here. Insiders sold 3,810 shares of company stock worth $621,819 over the last ninety days. 1.43% of the stock is owned by corporate insiders.
ROK stock traded down $4.21 during trading on Wednesday, hitting $148.27. The stock had a trading volume of 12,830 shares, compared to its average volume of 924,601. The company has a 50 day moving average price of $159.43. Rockwell Automation has a 1-year low of $141.46 and a 1-year high of $198.23. The company has a market capitalization of $17.91 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 2.27 and a beta of 1.40. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.17 and a current ratio of 1.51.
Rockwell Automation (NYSE:ROK) last announced its earnings results on Thursday, July 25th. The industrial products company reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.11. Rockwell Automation had a net margin of 15.44% and a return on equity of 78.71%. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the company posted $2.16 EPS. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, analysts predict that Rockwell Automation will post 8.64 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Friday, August 9th. Rockwell Automation’s dividend payout ratio is presently 47.84%.
Several equities research analysts have commented on the stock. Gabelli upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research report on Wednesday, May 29th. Wells Fargo & Co reiterated a “buy” rating on shares of Rockwell Automation in a research report on Friday, July 26th. BMO Capital Markets decreased their price objective 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. Zacks Investment Research upgraded shares of Rockwell Automation from a “sell” rating to a “hold” rating and set a $168.00 price objective on the stock in a research report on Thursday, July 18th. Finally, Deutsche Bank boosted their price objective 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. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $173.33.
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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