National Pension Service lowered its stake in Rockwell Automation (NYSE:ROK) by 2.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 104,162 shares of the industrial products company’s stock after selling 2,930 shares during the period. National Pension Service owned 0.08% of Rockwell Automation worth $16,185,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. First Command Bank bought a new position in shares of Rockwell Automation during the fourth quarter worth approximately $106,000. TLP Group LLC bought a new position in shares of Rockwell Automation during the third quarter worth approximately $138,000. SRB Corp boosted its position in shares of Rockwell Automation by 5.0% in the third quarter. SRB Corp now owns 1,327 shares of the industrial products company’s stock worth $162,000 after buying an additional 63 shares during the last quarter. Stephens Inc. AR bought a new position in shares of Rockwell Automation during the third quarter worth approximately $200,000. Finally, WealthTrust Fairport LLC bought a new position in shares of Rockwell Automation during the third quarter worth approximately $202,000. Institutional investors own 72.56% of the company’s stock.
Rockwell Automation (NYSE:ROK) traded down 0.33% during midday trading on Tuesday, hitting $157.50. The stock had a trading volume of 849,102 shares. Rockwell Automation has a 12 month low of $107.17 and a 12 month high of $165.00. The firm’s 50-day moving average price is $155.08 and its 200 day moving average price is $144.35. The company has a market cap of $20.29 billion, a P/E ratio of 26.29 and a beta of 1.07.
Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, April 26th. The industrial products company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.15. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.48 billion. Rockwell Automation had a return on equity of 38.57% and a net margin of 12.77%. Rockwell Automation’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.37 earnings per share. On average, analysts expect that Rockwell Automation will post $6.64 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 12th. Shareholders of record on Monday, May 15th will be issued a dividend of $0.76 per share. The ex-dividend date is Thursday, May 11th. This represents a $3.04 dividend on an annualized basis and a yield of 1.92%. Rockwell Automation’s dividend payout ratio is currently 52.23%.
A number of research analysts have issued reports on ROK shares. Barclays PLC lifted their target price on Rockwell Automation from $144.00 to $166.00 and gave the company an “overweight” rating in a research report on Thursday, January 26th. Gabelli upgraded Rockwell Automation from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Credit Suisse Group AG reissued a “hold” rating and set a $145.00 price target on shares of Rockwell Automation in a research note on Thursday, March 30th. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Rockwell Automation in a research note on Wednesday, January 25th. Finally, Buckingham Research raised Rockwell Automation from a “neutral” rating to a “buy” rating and set a $162.00 price target on the stock in a research note on Friday, January 20th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $141.50.
In other news, Director Keith D. Nosbusch sold 10,000 shares of the stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $157.00, for a total transaction of $1,570,000.00. Following the completion of the sale, the director now owns 411,286 shares in the company, valued at approximately $64,571,902. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Susan Schmitt sold 13,700 shares of the stock in a transaction on Monday, February 27th. The shares were sold at an average price of $150.92, for a total value of $2,067,604.00. Following the sale, the vice president now owns 23,324 shares of the company’s stock, valued at approximately $3,520,058.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 241,585 shares of company stock valued at $37,013,540. 1.65% of the stock is owned by company insiders.
About Rockwell Automation
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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