Man Group plc Boosts Stake in Rockwell Automation (NYSE:ROK)

Man Group plc raised its position in Rockwell Automation (NYSE:ROK) by 544.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 197,828 shares of the industrial products company’s stock after purchasing an additional 167,134 shares during the quarter. Man Group plc’s holdings in Rockwell Automation were worth $40,094,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Allred Capital Management LLC bought a new stake in shares of Rockwell Automation during the fourth quarter valued at approximately $28,000. Solstein Capital LLC purchased a new position in Rockwell Automation during the 4th quarter worth $33,000. Delta Asset Management LLC TN purchased a new position in Rockwell Automation during the 4th quarter worth $33,000. FinTrust Capital Advisors LLC bought a new stake in Rockwell Automation during the 4th quarter valued at $34,000. Finally, NWK Group Inc. bought a new stake in Rockwell Automation during the 4th quarter valued at $37,000. 74.69% of the stock is owned by institutional investors and hedge funds.

In related news, SVP Frank C. Kulaszewicz sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $205.12, for a total transaction of $205,120.00. Following the transaction, the senior vice president now directly owns 23,799 shares of the company’s stock, valued at approximately $4,881,650.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Steven W. Etzel sold 2,480 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $204.09, for a total value of $506,143.20. Following the completion of the sale, the vice president now owns 11,403 shares of the company’s stock, valued at $2,327,238.27. The disclosure for this sale can be found here. Insiders have sold 7,198 shares of company stock valued at $1,468,269 in the last three months. 0.77% of the stock is currently owned by corporate insiders.

Shares of NYSE ROK opened at $154.56 on Thursday. Rockwell Automation has a 1-year low of $115.38 and a 1-year high of $209.60. The business has a fifty day moving average price of $180.67 and a 200 day moving average price of $184.44. The stock has a market capitalization of $16.49 billion, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 2.12 and a beta of 1.36. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.45 and a quick ratio of 1.15.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, January 29th. The industrial products company reported $2.11 EPS for the quarter, hitting the Zacks’ consensus estimate of $2.11. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.63 billion. Rockwell Automation had a net margin of 13.75% and a return on equity of 102.93%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.21 earnings per share. As a group, equities research analysts anticipate that Rockwell Automation will post 8.5 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 18th were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend was Friday, February 14th. Rockwell Automation’s payout ratio is currently 47.06%.

A number of research firms have recently issued reports on ROK. TheStreet raised Rockwell Automation from a “c+” rating to a “b” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. downgraded Rockwell Automation from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $151.00 to $150.00 in a report on Monday, December 23rd. Stephens upped their price objective on shares of Rockwell Automation from $213.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. UBS Group initiated coverage on shares of Rockwell Automation in a research note on Thursday, December 12th. They issued a “neutral” rating and a $206.00 price objective for the company. Finally, Gordon Haskett upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $175.00 target price on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $189.00.

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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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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