Candriam Luxembourg S.C.A. grew its stake in shares of Rockwell Automation (NYSE:ROK) by 7.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 222,553 shares of the industrial products company’s stock after buying an additional 14,805 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Rockwell Automation were worth $39,051,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. ERn Financial LLC lifted its holdings in shares of Rockwell Automation by 5.0% during the first quarter. ERn Financial LLC now owns 2,116 shares of the industrial products company’s stock worth $398,000 after purchasing an additional 100 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Rockwell Automation by 43.7% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 66,144 shares of the industrial products company’s stock worth $9,953,000 after purchasing an additional 20,105 shares during the period. Pure Financial Advisors Inc. acquired a new position in shares of Rockwell Automation during the fourth quarter worth $225,000. Private Wealth Advisors Inc. acquired a new position in shares of Rockwell Automation during the fourth quarter worth $742,000. Finally, New England Research & Management Inc. acquired a new position in shares of Rockwell Automation during the fourth quarter worth $233,000. 76.16% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Elik I. Fooks sold 5,100 shares of the business’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $177.80, for a total value of $906,780.00. Following the transaction, the insider now owns 15,597 shares in the company, valued at $2,773,146.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Frank C. Kulaszewicz sold 9,231 shares of the business’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $177.70, for a total transaction of $1,640,348.70. Following the completion of the transaction, the senior vice president now owns 34,893 shares in the company, valued at approximately $6,200,486.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,384 shares of company stock worth $2,556,521. 1.43% of the stock is owned by company insiders.
ROK has been the topic of a number of recent research reports. Wells Fargo & Co reiterated a “buy” rating on shares of Rockwell Automation in a report on Wednesday, April 10th. HSBC upgraded shares of Rockwell Automation from a “reduce” rating to a “buy” rating and lifted their price target for the stock from $165.00 to $175.00 in a report on Friday, January 25th. Barclays cut their price target on shares of Rockwell Automation from $170.00 to $165.00 and set an “equal weight” rating on the stock in a report on Monday, January 7th. Deutsche Bank lifted their price target on shares of Rockwell Automation from $173.00 to $186.00 and gave the stock a “hold” rating in a report on Friday, April 26th. Finally, Gabelli reiterated a “hold” rating on shares of Rockwell Automation in a report on Friday, April 26th. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $174.71.
ROK stock opened at $177.21 on Tuesday. The firm has a market capitalization of $21.16 billion, a P/E ratio of 21.85, a PEG ratio of 2.45 and a beta of 1.34. The company has a current ratio of 1.59, a quick ratio of 1.23 and a debt-to-equity ratio of 1.45. Rockwell Automation has a 12-month low of $141.46 and a 12-month high of $198.23.
Rockwell Automation (NYSE:ROK) last released its earnings results on Thursday, April 25th. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.07). The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.71 billion. Rockwell Automation had a net margin of 14.43% and a return on equity of 73.82%. Rockwell Automation’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.89 EPS. Equities analysts anticipate that Rockwell Automation will post 8.96 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be issued a $0.97 dividend. The ex-dividend date is Friday, May 10th. This represents a $3.88 annualized dividend and a yield of 2.19%. Rockwell Automation’s payout ratio is 47.84%.
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Rockwell Automation Company Profile
Rockwell Automation, Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.
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