MERIAN GLOBAL INVESTORS UK Ltd Invests $1.31 Million in Rockwell Automation (ROK)

MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in Rockwell Automation (NYSE:ROK) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,681 shares of the industrial products company’s stock, valued at approximately $1,306,000.

Several other institutional investors have also bought and sold shares of ROK. Essex Investment Management Co. LLC purchased a new stake in shares of Rockwell Automation in the fourth quarter valued at approximately $29,000. Oregon Public Employees Retirement Fund boosted its stake in shares of Rockwell Automation by 15,107.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,142,955 shares of the industrial products company’s stock valued at $34,000 after buying an additional 5,109,136 shares in the last quarter. Howe & Rusling Inc. boosted its stake in shares of Rockwell Automation by 114.0% in the fourth quarter. Howe & Rusling Inc. now owns 460 shares of the industrial products company’s stock valued at $69,000 after buying an additional 245 shares in the last quarter. ETF Managers Group LLC boosted its stake in shares of Rockwell Automation by 15.8% in the fourth quarter. ETF Managers Group LLC now owns 749 shares of the industrial products company’s stock valued at $113,000 after buying an additional 102 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its stake in shares of Rockwell Automation by 3,577.8% in the third quarter. SRS Capital Advisors Inc. now owns 662 shares of the industrial products company’s stock valued at $124,000 after buying an additional 644 shares in the last quarter. Hedge funds and other institutional investors own 75.44% of the company’s stock.

ROK opened at $177.46 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 0.93 and a debt-to-equity ratio of 0.97. The firm has a market cap of $21.21 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 2.21 and a beta of 1.36. Rockwell Automation has a one year low of $141.46 and a one year high of $198.23.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Tuesday, January 29th. The industrial products company reported $2.21 EPS for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.22. Rockwell Automation had a return on equity of 66.47% and a net margin of 12.68%. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the business earned $1.96 earnings per share. Rockwell Automation’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, equities analysts anticipate that Rockwell Automation will post 9.04 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Tuesday, February 19th will be given a $0.97 dividend. The ex-dividend date of this dividend is Friday, February 15th. This represents a $3.88 annualized dividend and a dividend yield of 2.19%. Rockwell Automation’s dividend payout ratio is currently 47.84%.

In other news, CEO Blake D. Moret sold 5,584 shares of the company’s stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $175.97, for a total value of $982,616.48. Following the sale, the chief executive officer now directly owns 41,196 shares in the company, valued at $7,249,260.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Patrick P. Goris sold 177 shares of the company’s stock in a transaction on Friday, December 7th. The shares were sold at an average price of $167.71, for a total value of $29,684.67. The disclosure for this sale can be found here. Insiders sold 34,724 shares of company stock worth $6,100,662 over the last 90 days. Company insiders own 1.43% of the company’s stock.

A number of analysts recently weighed in on the company. Zacks Investment Research upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $188.00 price target on the stock in a research note on Wednesday, November 28th. Credit Suisse Group boosted their target price on Rockwell Automation from $158.00 to $166.00 and gave the stock an “underperform” rating in a research report on Wednesday, January 30th. Citigroup boosted their target price on Rockwell Automation to $176.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 30th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $195.00 target price on shares of Rockwell Automation in a research report on Wednesday, January 30th. Six analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $172.06.

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Rockwell Automation Profile

Rockwell Automation, Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

Further Reading: Understanding Specialty Certificates of Deposit

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

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