Accurate Investment Solutions Inc. continued to hold its position in Rockwell Automation, Inc. (NYSE:ROK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 715 shares of the industrial products company’s stock at the end of the second quarter. Accurate Investment Solutions Inc.’s holdings in Rockwell Automation were worth $116,000 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. Jacobus Wealth Management Inc. acquired a new position in Rockwell Automation during the first quarter valued at about $104,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in Rockwell Automation by 1,700.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 720 shares of the industrial products company’s stock valued at $112,000 after buying an additional 680 shares during the period. Appleton Group LLC acquired a new position in Rockwell Automation during the first quarter valued at about $213,000. Hunter Associates Investment Management LLC acquired a new position in Rockwell Automation during the first quarter valued at about $215,000. Finally, OLD National Bancorp IN acquired a new position in Rockwell Automation during the first quarter valued at about $216,000. 73.38% of the stock is owned by hedge funds and other institutional investors.
Shares of Rockwell Automation, Inc. (ROK) opened at 161.66 on Friday. Rockwell Automation, Inc. has a 12-month low of $111.52 and a 12-month high of $167.97. The firm has a 50-day moving average of $164.02 and a 200 day moving average of $157.31. The firm has a market capitalization of $20.75 billion, a price-to-earnings ratio of 26.07 and a beta of 1.17.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.76 EPS for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.12. Rockwell Automation had a net margin of 13.04% and a return on equity of 40.71%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the firm posted $1.55 EPS. The company’s quarterly revenue was up 8.5% on a year-over-year basis. On average, equities research analysts expect that Rockwell Automation, Inc. will post $6.75 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Thursday, August 10th. Rockwell Automation’s dividend payout ratio is currently 49.03%.
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Several analysts have recently weighed in on the stock. Barclays PLC raised their price objective on shares of Rockwell Automation from $166.00 to $167.00 and gave the stock an “overweight” rating in a report on Wednesday, April 19th. Zacks Investment Research lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Gabelli raised shares of Rockwell Automation from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. Stifel Nicolaus raised their price objective on shares of Rockwell Automation from $159.00 to $167.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Finally, Wolfe Research assumed coverage on shares of Rockwell Automation in a report on Tuesday, July 11th. They set a “peer perform” rating for the company. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $152.33.
In related news, Director Keith D. Nosbusch sold 20,000 shares of the stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $159.00, for a total transaction of $3,180,000.00. Following the transaction, the director now directly owns 421,286 shares of the company’s stock, valued at $66,984,474. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Frank C. Kulaszewicz sold 8,000 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $165.74, for a total transaction of $1,325,920.00. Following the transaction, the senior vice president now directly owns 33,195 shares in the company, valued at $5,501,739.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 115,257 shares of company stock worth $18,686,369. Insiders own 1.65% of the company’s stock.
Rockwell Automation Company 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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