Saturna Capital CORP held its position in Rockwell Automation, Inc. (NYSE:ROK) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 325,000 shares of the industrial products company’s stock at the end of the first quarter. Rockwell Automation makes up approximately 1.7% of Saturna Capital CORP’s investment portfolio, making the stock its 17th largest position. Saturna Capital CORP owned about 0.25% of Rockwell Automation worth $50,606,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in ROK. Jacobus Wealth Management Inc. bought a new stake in shares of Rockwell Automation during the first quarter valued at approximately $104,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in Rockwell Automation by 1,700.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 720 shares of the industrial products company’s stock valued at $112,000 after buying an additional 680 shares during the last quarter. Appleton Group LLC acquired a new position in Rockwell Automation during the first quarter valued at $213,000. Hunter Associates Investment Management LLC acquired a new position in Rockwell Automation during the first quarter valued at $215,000. Finally, OLD National Bancorp IN acquired a new position in Rockwell Automation during the first quarter valued at $216,000. 73.50% of the stock is currently owned by institutional investors and hedge funds.
Shares of Rockwell Automation, Inc. (NYSE:ROK) traded down 0.30% during mid-day trading on Friday, reaching $164.47. 653,351 shares of the company traded hands. Rockwell Automation, Inc. has a 52 week low of $111.52 and a 52 week high of $167.97. The firm has a 50 day moving average of $163.22 and a 200-day moving average of $155.70. The stock has a market capitalization of $21.36 billion, a PE ratio of 26.52 and a beta of 1.17.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.12. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.58 billion. Rockwell Automation had a return on equity of 40.71% and a net margin of 13.04%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.55 EPS. On average, equities research analysts expect that Rockwell Automation, Inc. will post $6.73 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.04 dividend on an annualized basis and a yield of 1.85%. Rockwell Automation’s dividend payout ratio is presently 49.03%.
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Several equities analysts recently commented on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $167.00 price objective on shares of Rockwell Automation in a research note on Wednesday, July 19th. HSBC Holdings plc reissued a “hold” rating and issued a $147.00 price target (up previously from $134.00) on shares of Rockwell Automation in a research note on Saturday, July 22nd. Zacks Investment Research raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $182.00 price target for the company in a research note on Friday. Wolfe Research started coverage on shares of Rockwell Automation in a research note on Tuesday, July 11th. They issued a “peer perform” rating for the company. Finally, BidaskClub upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $152.33.
In other Rockwell Automation news, SVP Sujeet Chand sold 9,500 shares of Rockwell Automation stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $159.72, for a total value of $1,517,340.00. Following the transaction, the senior vice president now directly owns 46,873 shares in the company, valued at approximately $7,486,555.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kenneth M. Champa sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $159.08, for a total value of $795,400.00. Following the completion of the sale, the insider now directly owns 8,169 shares of the company’s stock, valued at $1,299,524.52. The disclosure for this sale can be found here. Insiders have sold a total of 122,432 shares of company stock worth $19,332,791 in the last 90 days. 1.65% of the stock is currently owned by company insiders.
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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