APG Asset Management N.V. reduced its position in shares of Rockwell Automation (NYSE:ROK) by 17.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 128,873 shares of the industrial products company’s stock after selling 26,765 shares during the period. APG Asset Management N.V. owned approximately 0.10% of Rockwell Automation worth $20,067,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of ROK. First Command Bank purchased a new position in Rockwell Automation during the fourth quarter worth $106,000. TLP Group LLC bought a new position in Rockwell Automation during the third quarter valued at approximately $138,000. Kohmann Bosshard Financial Services LLC bought a new position in Rockwell Automation during the fourth quarter valued at approximately $202,000. SRB Corp increased its position in Rockwell Automation by 5.0% in the third quarter. SRB Corp now owns 1,327 shares of the industrial products company’s stock valued at $162,000 after buying an additional 63 shares during the period. Finally, OLD National Bancorp IN bought a new position in Rockwell Automation during the first quarter valued at approximately $216,000. 72.56% of the stock is currently owned by institutional investors.
Rockwell Automation (NYSE:ROK) traded up 2.11% on Friday, hitting $157.48. The stock had a trading volume of 371,996 shares. The company has a market cap of $20.29 billion, a P/E ratio of 26.29 and a beta of 1.07. The firm’s 50-day moving average is $155.30 and its 200-day moving average is $145.41. Rockwell Automation has a 52-week low of $107.17 and a 52-week high of $165.00.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $1.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.15. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.48 billion. Rockwell Automation had a return on equity of 38.57% and a net margin of 12.77%. Rockwell Automation’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.37 EPS. Equities research analysts anticipate that Rockwell Automation will post $6.64 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 12th. Stockholders of record on Monday, May 15th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, May 11th. This represents a $3.04 annualized dividend and a dividend yield of 1.97%. Rockwell Automation’s dividend payout ratio is presently 52.23%.
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Several research analysts have recently commented on ROK shares. Gabelli downgraded Rockwell Automation from a “hold” rating to a “sell” rating and set a $150.00 price objective on the stock. in a research note on Friday, January 27th. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $145.00 price objective on shares of Rockwell Automation in a research note on Thursday, March 30th. Barclays PLC lifted their target price on Rockwell Automation from $144.00 to $166.00 and gave the company an “overweight” rating in a research note on Thursday, January 26th. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Rockwell Automation in a research note on Wednesday, January 25th. Finally, Morgan Stanley raised their price target on Rockwell Automation from $153.00 to $167.00 and gave the company an “equal weight” rating in a report on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $141.50.
In other news, Director Betty C. Alewine sold 7,173 shares of the company’s stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $158.52, for a total value of $1,137,063.96. Following the sale, the director now owns 20,584 shares in the company, valued at approximately $3,262,975.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William T. Jr/Wi Mccormick sold 432 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $158.07, for a total transaction of $68,286.24. Following the completion of the sale, the director now owns 9,109 shares in the company, valued at approximately $1,439,859.63. The disclosure for this sale can be found here. Insiders have sold a total of 196,417 shares of company stock valued at $30,175,586 over the last three months. Corporate insiders own 1.65% of the company’s stock.
Rockwell Automation Company Profile
Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.
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