First Republic Investment Management Inc. Purchases 1,801 Shares of Rockwell Automation, Inc. (ROK)
First Republic Investment Management Inc. increased its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 20.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,773 shares of the industrial products company’s stock after buying an additional 1,801 shares during the period. First Republic Investment Management Inc.’s holdings in Rockwell Automation were worth $1,919,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in shares of Rockwell Automation by 7.5% during the second quarter. BlackRock Inc. now owns 9,698,308 shares of the industrial products company’s stock worth $1,570,735,000 after acquiring an additional 679,645 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Rockwell Automation by 3.2% during the second quarter. Vanguard Group Inc. now owns 8,769,308 shares of the industrial products company’s stock worth $1,420,278,000 after acquiring an additional 268,101 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of Rockwell Automation by 0.5% during the second quarter. Lazard Asset Management LLC now owns 2,308,357 shares of the industrial products company’s stock worth $373,861,000 after acquiring an additional 11,384 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Rockwell Automation by 47.2% during the third quarter. Ameriprise Financial Inc. now owns 1,558,748 shares of the industrial products company’s stock worth $277,788,000 after acquiring an additional 499,745 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Rockwell Automation by 12.8% during the third quarter. Wells Fargo & Company MN now owns 1,509,470 shares of the industrial products company’s stock worth $269,003,000 after acquiring an additional 171,598 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.
In other Rockwell Automation news, insider Blake D. Moret sold 1,723 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $170.06, for a total value of $293,013.38. Following the completion of the sale, the insider now owns 22,849 shares of the company’s stock, valued at $3,885,700.94. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Patrick P. Goris sold 145 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $192.36, for a total value of $27,892.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 1,340 shares of company stock valued at $137,336 and have sold 12,493 shares valued at $2,347,885. 1.65% of the stock is owned by company insiders.
Shares of Rockwell Automation, Inc. (NYSE:ROK) traded down $0.72 during midday trading on Wednesday, hitting $190.75. The company had a trading volume of 470,800 shares, compared to its average volume of 874,233. The company has a current ratio of 2.06, a quick ratio of 1.80 and a debt-to-equity ratio of 0.47. Rockwell Automation, Inc. has a 52-week low of $133.61 and a 52-week high of $210.72. The firm has a market capitalization of $24,604.45, a P/E ratio of 28.37, a PEG ratio of 2.15 and a beta of 1.23.
Rockwell Automation (NYSE:ROK) last issued 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). Rockwell Automation had a return on equity of 38.67% and a net margin of 13.08%. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the business earned $1.52 earnings per share. Rockwell Automation’s revenue for the quarter was up 8.4% compared to the same quarter last year. research analysts expect that Rockwell Automation, Inc. will post 7.39 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Monday, November 13th were issued a dividend of $0.835 per share. The ex-dividend date was Friday, November 10th. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.76. This represents a $3.34 annualized dividend and a dividend yield of 1.75%. Rockwell Automation’s dividend payout ratio (DPR) is currently 52.68%.
A number of equities analysts have recently issued reports on ROK shares. Credit Suisse Group restated a “neutral” rating and set a $174.00 target price (up from $154.00) on shares of Rockwell Automation in a research report on Wednesday, October 11th. Zacks Investment Research lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Wolfe Research upgraded shares of Rockwell Automation from a “market perform” rating to an “outperform” rating in a research report on Monday, November 20th. J P Morgan Chase & Co started coverage on shares of Rockwell Automation in a research report on Wednesday, November 29th. They set a “neutral” rating on the stock. Finally, Cowen restated a “hold” rating and set a $140.00 target price on shares of Rockwell Automation in a research report on Sunday, September 17th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $167.87.
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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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