Temasek Holdings Private Ltd boosted its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 423.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,005 shares of the industrial products company’s stock after buying an additional 8,095 shares during the period. Temasek Holdings Private Ltd’s holdings in Rockwell Automation were worth $1,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the stock. King Luther Capital Management Corp increased its position in Rockwell Automation by 3.6% during the 3rd quarter. King Luther Capital Management Corp now owns 239,937 shares of the industrial products company’s stock valued at $42,759,000 after buying an additional 8,255 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in Rockwell Automation by 2.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 28,189 shares of the industrial products company’s stock valued at $5,045,000 after buying an additional 600 shares in the last quarter. Financial Counselors Inc. increased its position in Rockwell Automation by 45.0% during the 3rd quarter. Financial Counselors Inc. now owns 2,370 shares of the industrial products company’s stock valued at $422,000 after buying an additional 735 shares in the last quarter. Invictus RG acquired a new position in Rockwell Automation during the 3rd quarter valued at about $282,000. Finally, Stifel Financial Corp increased its position in Rockwell Automation by 22.8% during the 3rd quarter. Stifel Financial Corp now owns 83,840 shares of the industrial products company’s stock valued at $14,941,000 after buying an additional 15,590 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.
In other news, insider Blake D. Moret sold 5,677 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $170.10, for a total value of $965,657.70. Following the sale, the insider now owns 21,426 shares in the company, valued at $3,644,562.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Patrick P. Goris sold 527 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $190.57, for a total value of $100,430.39. The disclosure for this sale can be found here. In the last 90 days, insiders bought 1,612 shares of company stock worth $168,124 and sold 18,025 shares worth $3,285,650. 1.65% of the stock is owned by corporate insiders.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.72 by ($0.03). The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Rockwell Automation had a net margin of 13.08% and a return on equity of 38.67%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.52 EPS. analysts expect that Rockwell Automation, Inc. will post 7.39 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be paid a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a yield of 1.78%. The ex-dividend date is Friday, November 10th. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.76. Rockwell Automation’s payout ratio is presently 52.68%.
Several brokerages recently issued reports on ROK. ValuEngine lowered Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. J P Morgan Chase & Co began coverage on Rockwell Automation in a research report on Wednesday, November 29th. They set a “neutral” rating on the stock. Oppenheimer reaffirmed a “hold” rating on shares of Rockwell Automation in a research report on Monday, November 20th. Wolfe Research raised Rockwell Automation from a “market perform” rating to an “outperform” rating in a research report on Monday, November 20th. Finally, Zacks Investment Research downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $165.00.
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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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