Sicart Associates LLC bought a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,200 shares of the industrial products company’s stock, valued at approximately $214,000.
A number of other institutional investors have also added to or reduced their stakes in ROK. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Rockwell Automation in the 2nd quarter valued at approximately $126,891,000. Ameriprise Financial Inc. raised its position in shares of Rockwell Automation by 277.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,059,003 shares of the industrial products company’s stock valued at $171,517,000 after acquiring an additional 778,633 shares during the period. BlackRock Inc. raised its position in shares of Rockwell Automation by 7.5% in the 2nd quarter. BlackRock Inc. now owns 9,698,308 shares of the industrial products company’s stock valued at $1,570,735,000 after acquiring an additional 679,645 shares during the period. Voya Investment Management LLC raised its position in shares of Rockwell Automation by 741.5% in the 2nd quarter. Voya Investment Management LLC now owns 695,922 shares of the industrial products company’s stock valued at $112,712,000 after acquiring an additional 613,225 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of Rockwell Automation by 37.9% in the 2nd quarter. Franklin Resources Inc. now owns 1,156,116 shares of the industrial products company’s stock valued at $187,224,000 after acquiring an additional 317,777 shares during the period. Institutional investors own 72.90% of the company’s stock.
Shares of Rockwell Automation, Inc. (NYSE:ROK) traded down $0.07 on Tuesday, hitting $192.54. 632,200 shares of the stock traded hands, compared to its average volume of 863,158. The company has a market cap of $24,723.27, a PE ratio of 28.53, a P/E/G ratio of 2.21 and a beta of 1.24. Rockwell Automation, Inc. has a one year low of $129.66 and a one year high of $210.72. The company has a quick ratio of 3.00, a current ratio of 3.46 and a debt-to-equity ratio of 0.47.
Rockwell Automation (NYSE:ROK) last released its earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.03). Rockwell Automation had a net margin of 13.08% and a return on equity of 38.67%. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the business posted $1.52 earnings per share. Rockwell Automation’s quarterly revenue was up 8.4% compared to the same quarter last year. equities research analysts forecast that Rockwell Automation, Inc. will post 7.39 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be paid a $0.835 dividend. The ex-dividend date is Friday, November 10th. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.76. This represents a $3.34 annualized dividend and a dividend yield of 1.73%. Rockwell Automation’s dividend payout ratio (DPR) is currently 52.68%.
Several analysts have commented on the stock. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Rockwell Automation in a report on Friday, August 18th. BidaskClub downgraded shares of Rockwell Automation from a “hold” rating to a “sell” rating in a report on Sunday, July 30th. HSBC Holdings plc downgraded shares of Rockwell Automation from a “hold” rating to a “reduce” rating in a report on Thursday, November 2nd. Zacks Investment Research downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Friday. Finally, Morgan Stanley restated an “equal weight” rating and set a $173.00 target price (up from $168.00) on shares of Rockwell Automation in a report on Monday, October 2nd. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. Rockwell Automation has a consensus rating of “Hold” and a consensus price target of $165.00.
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In related news, insider Blake D. Moret sold 5,677 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $170.10, for a total value of $965,657.70. Following the completion of the transaction, the insider now directly owns 21,426 shares of the company’s stock, valued at $3,644,562.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Blake D. Moret sold 1,723 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $170.06, for a total transaction of $293,013.38. Following the completion of the transaction, the insider now directly owns 22,849 shares of the company’s stock, valued at $3,885,700.94. The disclosure for this sale can be found here. Insiders sold 10,400 shares of company stock valued at $1,753,821 over the last three months. 1.65% of the stock is 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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