Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 33.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 130,870 shares of the industrial products company’s stock after selling 66,127 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.10% of Rockwell Automation worth $23,322,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Acrospire Investment Management LLC lifted its stake in Rockwell Automation by 166.3% in the second quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock valued at $129,000 after buying an additional 499 shares during the last quarter. Rockefeller Financial Services Inc. bought a new stake in shares of Rockwell Automation during the third quarter valued at about $143,000. Sun Life Financial INC raised its stake in shares of Rockwell Automation by 8,490.9% during the second quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock valued at $153,000 after purchasing an additional 934 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Rockwell Automation during the third quarter valued at about $186,000. Finally, Foundry Partners LLC bought a new stake in shares of Rockwell Automation during the third quarter valued at about $200,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.
Several equities research analysts have commented on ROK shares. Oppenheimer reiterated a “hold” rating on shares of Rockwell Automation in a research report on Friday, August 18th. Credit Suisse Group dropped their price target on Rockwell Automation from $155.00 to $154.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 23rd. ValuEngine raised Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Thursday, September 7th. Cowen reaffirmed a “hold” rating and set a $140.00 target price on shares of Rockwell Automation in a research note on Sunday, September 17th. Finally, Zacks Investment Research raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $200.00 target price on the stock in a research note on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. Rockwell Automation has an average rating of “Hold” and a consensus target price of $165.00.
Shares of Rockwell Automation, Inc. (NYSE:ROK) traded up $1.67 during mid-day trading on Thursday, hitting $192.26. The stock had a trading volume of 720,905 shares, compared to its average volume of 878,768. The company has a quick ratio of 1.80, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $24,117.42, a PE ratio of 27.80, a PEG ratio of 2.11 and a beta of 1.23. Rockwell Automation, Inc. has a 12 month low of $133.61 and a 12 month high of $210.72.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the company earned $1.52 EPS. The company’s revenue was up 8.4% compared to the same quarter last year. equities research analysts forecast that Rockwell Automation, Inc. will post 7.39 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be issued a $0.835 dividend. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.76. This represents a $3.34 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Friday, November 10th. Rockwell Automation’s dividend payout ratio is 52.68%.
In other Rockwell Automation news, insider Blake D. Moret sold 5,677 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was 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 in the company, valued at $3,644,562.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Blake D. Moret sold 1,723 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $170.06, for a total value of $293,013.38. Following the completion of the sale, 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. Over the last 90 days, insiders acquired 1,612 shares of company stock valued at $168,124 and sold 18,025 shares valued at $3,285,650. 1.65% of the stock is owned by corporate insiders.
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Rockwell Automation 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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