AlphaMark Advisors LLC Sells 1,253 Shares of Rockwell Automation, Inc. (ROK)
AlphaMark Advisors LLC lowered its stake in Rockwell Automation, Inc. (NYSE:ROK) by 4.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,740 shares of the industrial products company’s stock after selling 1,253 shares during the period. Rockwell Automation makes up approximately 1.8% of AlphaMark Advisors LLC’s investment portfolio, making the stock its 13th largest position. AlphaMark Advisors LLC’s holdings in Rockwell Automation were worth $4,169,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Jacobus Wealth Management Inc. bought a new stake in Rockwell Automation during the first quarter valued at about $104,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake 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 in the last quarter. Clarkston Capital Partners LLC bought a new stake in Rockwell Automation during the second quarter valued at about $206,000. Appleton Group LLC bought a new stake in Rockwell Automation during the first quarter valued at about $213,000. Finally, Hunter Associates Investment Management LLC bought a new stake in Rockwell Automation during the first quarter valued at about $215,000. Hedge funds and other institutional investors own 73.64% of the company’s stock.
Rockwell Automation, Inc. (ROK) traded up 0.84% on Wednesday, reaching $161.72. The company had a trading volume of 62,911 shares. Rockwell Automation, Inc. has a 12-month low of $111.52 and a 12-month high of $167.97. The stock’s 50 day moving average price is $164.05 and its 200-day moving average price is $158.22. The stock has a market capitalization of $20.76 billion, a PE ratio of 26.08 and a beta of 1.17.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the business earned $1.55 earnings per share. Rockwell Automation’s revenue was up 8.5% compared to the same quarter last year. Equities analysts expect that Rockwell Automation, Inc. will post $6.75 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 1.90%. The ex-dividend date is Thursday, August 10th. Rockwell Automation’s payout ratio is currently 49.03%.
Several equities research analysts have issued reports on ROK shares. BidaskClub upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Zacks Investment Research upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $184.00 target price on the stock in a research report on Tuesday, July 11th. HSBC Holdings plc restated a “hold” rating and set a $147.00 target price (up previously from $134.00) on shares of Rockwell Automation in a research report on Saturday, July 22nd. Stifel Nicolaus restated a “hold” rating and set a $167.00 target price on shares of Rockwell Automation in a research report on Wednesday, July 19th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Rockwell Automation in a research report on Friday, August 18th. 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. Rockwell Automation has a consensus rating of “Hold” and a consensus price target of $152.27.
In other Rockwell Automation news, Director Keith D. Nosbusch sold 20,000 shares of Rockwell Automation stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $165.50, for a total transaction of $3,310,000.00. Following the completion of the sale, the director now directly owns 411,286 shares in the company, valued at $68,067,833. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Keith D. Nosbusch sold 10,000 shares of Rockwell Automation stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $165.00, for a total transaction of $1,650,000.00. Following the sale, the director now owns 411,286 shares of the company’s stock, valued at $67,862,190. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,425 shares of company stock valued at $9,658,813. 1.65% of the stock is owned by company insiders.
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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