Mackay Shields LLC Has $2.72 Million Stock Holdings in Rockwell Automation (NYSE:ROK)

Mackay Shields LLC trimmed its position in shares of Rockwell Automation (NYSE:ROK) by 1.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,046 shares of the industrial products company’s stock after selling 192 shares during the quarter. Mackay Shields LLC’s holdings in Rockwell Automation were worth $2,724,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Rockwell Automation by 5.5% during the first quarter. BlackRock Inc. now owns 9,486,884 shares of the industrial products company’s stock valued at $1,431,668,000 after purchasing an additional 495,939 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Rockwell Automation by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 2,081,103 shares of the industrial products company’s stock valued at $421,466,000 after purchasing an additional 104,910 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Rockwell Automation by 150.3% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,412,528 shares of the industrial products company’s stock valued at $213,165,000 after purchasing an additional 848,273 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Rockwell Automation by 23.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,207,912 shares of the industrial products company’s stock worth $244,807,000 after acquiring an additional 232,243 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Rockwell Automation by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 938,148 shares of the industrial products company’s stock worth $190,135,000 after acquiring an additional 9,366 shares during the period. 75.30% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director James Phillip Holloman sold 1,582 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $194.34, for a total transaction of $307,445.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Francis Wlodarczyk sold 4,100 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $206.33, for a total value of $845,953.00. Following the sale, the senior vice president now owns 10,876 shares of the company’s stock, valued at approximately $2,244,045.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,882 shares of company stock valued at $1,399,999. Corporate insiders own 0.77% of the company’s stock.

ROK has been the topic of a number of recent analyst reports. Stephens lifted their price objective on Rockwell Automation from $213.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. G.Research lowered Rockwell Automation from a “hold” rating to a “sell” rating in a research note on Thursday, April 30th. Robert W. Baird lifted their price objective on Rockwell Automation from $134.00 to $167.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. Vertical Research lowered Rockwell Automation from a “hold” rating to a “sell” rating and set a $120.00 price objective on the stock. in a research note on Tuesday, March 31st. Finally, Rosenblatt Securities lowered Rockwell Automation from a “neutral” rating to a “sell” rating and lifted their price objective for the stock from $155.00 to $173.00 in a research note on Wednesday, April 29th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $185.24.

NYSE ROK opened at $202.19 on Friday. The company has a market cap of $23.60 billion, a price-to-earnings ratio of 22.76, a P/E/G ratio of 4.48 and a beta of 1.47. Rockwell Automation has a 52 week low of $115.38 and a 52 week high of $209.60. The business has a 50 day moving average price of $177.30 and a 200-day moving average price of $187.16. The company has a quick ratio of 1.21, a current ratio of 1.57 and a debt-to-equity ratio of 2.37.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.61. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.61 billion. Rockwell Automation had a return on equity of 118.85% and a net margin of 10.54%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.04 earnings per share. On average, equities research analysts anticipate that Rockwell Automation will post 7.18 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 18th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, May 15th. This represents a $4.08 annualized dividend and a dividend yield of 2.02%. Rockwell Automation’s dividend payout ratio is 47.06%.

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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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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