Acropolis Investment Management LLC increased its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 5.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,229 shares of the industrial products company’s stock after acquiring an additional 347 shares during the period. Acropolis Investment Management LLC’s holdings in Rockwell Automation were worth $1,653,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ROK. IronBridge Private Wealth LLC acquired a new position in shares of Rockwell Automation in the fourth quarter valued at approximately $27,000. BDO Wealth Advisors LLC lifted its stake in shares of Rockwell Automation by 177.8% in the 4th quarter. BDO Wealth Advisors LLC now owns 125 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 80 shares during the last quarter. RMR Wealth Builders bought a new position in shares of Rockwell Automation in the 4th quarter valued at $43,000. Hexavest Inc. increased its holdings in Rockwell Automation by 45.4% in the fourth quarter. Hexavest Inc. now owns 173 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 54 shares during the period. Finally, Graves Light Private Wealth Management Inc. acquired a new stake in Rockwell Automation in the fourth quarter valued at $46,000. Institutional investors and hedge funds own 76.21% of the company’s stock.
In related news, CEO Blake D. Moret sold 16,900 shares of Rockwell Automation stock in a transaction on Thursday, January 21st. The stock was sold at an average price of $268.08, for a total transaction of $4,530,552.00. Following the completion of the sale, the chief executive officer now directly owns 65,785 shares of the company’s stock, valued at $17,635,642.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Frank C. Kulaszewicz sold 100 shares of Rockwell Automation stock in a transaction dated Monday, March 8th. The stock was sold at an average price of $255.14, for a total value of $25,514.00. Following the transaction, the senior vice president now owns 19,462 shares in the company, valued at $4,965,534.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,200 shares of company stock valued at $5,873,278. Company insiders own 0.79% of the company’s stock.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Monday, January 25th. The industrial products company reported $2.38 EPS for the quarter, beating the consensus estimate of $1.89 by $0.49. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Rockwell Automation had a return on equity of 81.39% and a net margin of 16.17%. The firm’s revenue was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.11 EPS. On average, equities research analysts expect that Rockwell Automation, Inc. will post 8.65 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 10th. Stockholders of record on Tuesday, February 16th were issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Friday, February 12th. Rockwell Automation’s dividend payout ratio is 55.73%.
Several equities analysts recently weighed in on ROK shares. Citigroup dropped their price target on shares of Rockwell Automation from $297.00 to $291.00 in a research report on Wednesday, January 27th. Barclays lifted their price objective on shares of Rockwell Automation from $265.00 to $269.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 6th. Rosenblatt Securities dropped their price objective on shares of Rockwell Automation from $245.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, January 27th. Vertical Research raised shares of Rockwell Automation from a “sell” rating to a “hold” rating in a research note on Monday, January 4th. Finally, Credit Suisse Group cut their price objective on shares of Rockwell Automation from $254.00 to $248.00 and set a “neutral” rating on the stock in a report on Wednesday, January 27th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $250.71.
Rockwell Automation Company Profile
Rockwell Automation, Inc provides industrial automation and digital transformation solutions. The company operates in two segments, Architecture & Software, and Control Products & Solutions. The Architecture & Software segment offers a portfolio of automation and information platforms, including hardware and software.
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