Bbva Compass Bancshares Inc. decreased its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 3.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,759 shares of the industrial products company’s stock after selling 58 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Rockwell Automation were worth $285,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in ROK. 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. increased 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 last quarter. Clarkston Capital Partners LLC acquired a new position in Rockwell Automation during the second quarter valued at about $206,000. Appleton Group LLC acquired a new position in Rockwell Automation during the first quarter valued at about $213,000. Finally, Hunter Associates Investment Management LLC acquired a new position in Rockwell Automation during the first quarter valued at about $215,000. 73.38% of the stock is owned by hedge funds and other institutional investors.
Shares of Rockwell Automation, Inc. (NYSE:ROK) traded up 0.07% on Friday, reaching $161.38. 567,777 shares of the company’s stock traded hands. The firm has a market cap of $20.71 billion, a P/E ratio of 26.02 and a beta of 1.17. Rockwell Automation, Inc. has a 12-month low of $111.52 and a 12-month high of $167.97. The stock has a 50-day moving average of $164.38 and a 200 day moving average of $157.79.
Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, July 26th. The industrial products company reported $1.76 EPS for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.12. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. Rockwell Automation had a net margin of 13.04% and a return on equity of 40.71%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.55 earnings per share. 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 announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be issued a $0.76 dividend. The ex-dividend date is Thursday, August 10th. This represents a $3.04 dividend on an annualized basis and a yield of 1.88%. Rockwell Automation’s dividend payout ratio is presently 49.03%.
ROK has been the subject of a number of analyst reports. Stifel Nicolaus reissued a “hold” rating and set a $167.00 target price on shares of Rockwell Automation in a research note on Wednesday, July 19th. BidaskClub downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. Cowen and Company lifted their target price on shares of Rockwell Automation from $125.00 to $140.00 and gave the stock a “market perform” rating in a research note on Thursday, July 6th. Morgan Stanley lifted their price target on shares of Rockwell Automation from $153.00 to $167.00 and gave the company an “equal weight” rating in a research note on Friday, April 28th. Finally, Credit Suisse Group reiterated a “hold” rating and set a $155.00 price objective on shares of Rockwell Automation in a report on Thursday, April 27th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $152.33.
In related news, SVP Frank C. Kulaszewicz sold 8,000 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $165.74, for a total value of $1,325,920.00. Following the transaction, the senior vice president now owns 33,195 shares in the company, valued at approximately $5,501,739.30. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Frank C. Kulaszewicz sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $158.71, for a total value of $634,840.00. Following the completion of the sale, the senior vice president now owns 29,195 shares in the company, valued at approximately $4,633,538.45. The disclosure for this sale can be found here. Insiders sold 114,825 shares of company stock valued at $18,637,613 over the last quarter. 1.65% of the stock is currently owned by corporate insiders.
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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