Metropolitan Life Insurance Co. NY cut its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 1.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,497 shares of the industrial products company’s stock after selling 768 shares during the period. Metropolitan Life Insurance Co. NY owned about 0.05% of Rockwell Automation worth $10,510,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Fiduciary Trust Co. raised its stake in shares of Rockwell Automation by 188.9% in the first quarter. Fiduciary Trust Co. now owns 12,004 shares of the industrial products company’s stock worth $1,869,000 after buying an additional 7,849 shares in the last quarter. Investment Centers of America Inc. purchased a new stake in shares of Rockwell Automation during the first quarter worth approximately $240,000. BlueCrest Capital Management Ltd purchased a new stake in shares of Rockwell Automation during the first quarter worth approximately $7,826,000. Kidder Stephen W raised its stake in shares of Rockwell Automation by 0.6% in the first quarter. Kidder Stephen W now owns 34,610 shares of the industrial products company’s stock worth $5,389,000 after buying an additional 190 shares in the last quarter. Finally, State Street Corp increased its position in shares of Rockwell Automation by 1.3% in the first quarter. State Street Corp now owns 5,749,538 shares of the industrial products company’s stock worth $895,260,000 after buying an additional 76,191 shares during the last quarter. Institutional investors and hedge funds own 73.50% of the company’s stock.
Rockwell Automation, Inc. (NYSE:ROK) traded down 0.30% during midday trading on Friday, reaching $164.47. The company’s stock had a trading volume of 653,351 shares. The stock’s 50-day moving average price is $163.22 and its 200-day moving average price is $155.70. Rockwell Automation, Inc. has a 12 month low of $111.52 and a 12 month high of $167.97. The firm has a market capitalization of $21.19 billion, a price-to-earnings ratio of 27.45 and a beta of 1.17.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.12. Rockwell Automation had a net margin of 13.04% and a return on equity of 40.11%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the company posted $1.55 EPS. Rockwell Automation’s revenue was up 8.5% on a year-over-year basis. Analysts predict that Rockwell Automation, Inc. will post $6.73 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Thursday, August 10th. Rockwell Automation’s dividend payout ratio is presently 49.03%.
Several research analysts recently commented on the company. Cowen and Company increased their price objective on Rockwell Automation from $125.00 to $140.00 and gave the company a “market perform” rating in a research note on Thursday, July 6th. Credit Suisse Group reiterated a “hold” rating and set a $155.00 price target on shares of Rockwell Automation in a report on Thursday, April 27th. Stifel Nicolaus raised their target price on Rockwell Automation from $159.00 to $167.00 and gave the company a “hold” rating in a report on Friday, April 28th. Gabelli upgraded Rockwell Automation from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. Finally, Barclays PLC set a $176.00 target price on Rockwell Automation and gave the company a “buy” rating in a report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $152.33.
In other news, Director Keith D. Nosbusch sold 10,000 shares of the business’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $159.50, for a total value of $1,595,000.00. Following the completion of the transaction, the director now owns 411,286 shares of the company’s stock, valued at approximately $65,600,117. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Sujeet Chand sold 9,500 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $159.72, for a total transaction of $1,517,340.00. Following the completion of the transaction, the senior vice president now directly owns 46,873 shares of the company’s stock, valued at approximately $7,486,555.56. The disclosure for this sale can be found here. Insiders have sold a total of 122,432 shares of company stock valued at $19,332,791 in the last ninety days. Company 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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