State of Alaska Department of Revenue Has $267,000 Stake in Rockwell Automation, Inc. (ROK)

State of Alaska Department of Revenue increased its position in Rockwell Automation, Inc. (NYSE:ROK) by 5.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,651 shares of the industrial products company’s stock after buying an additional 90 shares during the period. State of Alaska Department of Revenue’s holdings in Rockwell Automation were worth $267,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in ROK. BlackRock Inc. increased its position in Rockwell Automation by 3,186.3% in the first quarter. BlackRock Inc. now owns 9,018,663 shares of the industrial products company’s stock worth $1,404,295,000 after buying an additional 8,744,232 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Rockwell Automation by 231.2% in the first quarter. JPMorgan Chase & Co. now owns 1,377,769 shares of the industrial products company’s stock worth $214,532,000 after buying an additional 961,760 shares in the last quarter. Schroder Investment Management Group increased its position in shares of Rockwell Automation by 431.1% in the first quarter. Schroder Investment Management Group now owns 701,541 shares of the industrial products company’s stock worth $109,004,000 after buying an additional 569,441 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Rockwell Automation by 89.5% in the first quarter. TIAA CREF Investment Management LLC now owns 963,764 shares of the industrial products company’s stock worth $150,068,000 after buying an additional 455,217 shares in the last quarter. Finally, Columbus Circle Investors acquired a new position in shares of Rockwell Automation during the first quarter worth $50,905,000. 73.38% of the stock is owned by institutional investors.

Rockwell Automation, Inc. (ROK) opened at 161.38 on Friday. Rockwell Automation, Inc. has a 52 week low of $111.52 and a 52 week high of $167.97. The stock has a market capitalization of $20.71 billion, a PE ratio of 26.02 and a beta of 1.17. The firm has a 50 day moving average of $164.38 and a 200-day moving average of $157.79.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.12. Rockwell Automation had a return on equity of 40.71% and a net margin of 13.04%. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the business earned $1.55 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities analysts predict that Rockwell Automation, Inc. will post $6.75 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Thursday, August 10th. Rockwell Automation’s payout ratio is currently 49.03%.

COPYRIGHT VIOLATION WARNING: “State of Alaska Department of Revenue Has $267,000 Stake in Rockwell Automation, Inc. (ROK)” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://www.com-unik.info/2017/08/19/rockwell-automation-inc-rok-shares-bought-by-state-of-alaska-department-of-revenue-updated-updated.html.

A number of equities analysts have weighed in on ROK shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $167.00 target price on shares of Rockwell Automation in a research note on Wednesday, July 19th. BidaskClub cut shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Thursday, June 29th. Cowen and Company increased their price target on shares of Rockwell Automation from $125.00 to $140.00 and gave the company a “market perform” rating in a report on Thursday, July 6th. Morgan Stanley raised their target price on shares of Rockwell Automation from $153.00 to $167.00 and gave the stock an “equal weight” rating in a report on Friday, April 28th. Finally, Credit Suisse Group restated a “hold” rating and issued a $155.00 target price on shares of Rockwell Automation in a report on Thursday, April 27th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $152.33.

In other Rockwell Automation news, SVP Frank C. Kulaszewicz sold 4,900 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $159.00, for a total value of $779,100.00. Following the completion of the transaction, the senior vice president now owns 30,095 shares in the company, valued at approximately $4,785,105. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Sujeet Chand sold 9,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $159.72, for a total value of $1,517,340.00. Following the completion of the transaction, the senior vice president now owns 46,873 shares of the company’s stock, valued at approximately $7,486,555.56. The disclosure for this sale can be found here. Insiders have sold a total of 114,825 shares of company stock valued at $18,637,613 in the last quarter. Company insiders own 1.65% of the company’s stock.

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.

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

What are top analysts saying about Rockwell Automation Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Rockwell Automation Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit