First Trust Advisors LP Has $27.74 Million Position in Rockwell Automation, Inc. (ROK)
First Trust Advisors LP increased its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 66.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 171,243 shares of the industrial products company’s stock after buying an additional 68,106 shares during the period. First Trust Advisors LP’s holdings in Rockwell Automation were worth $27,735,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of ROK. Macquarie Group Ltd. boosted its position in Rockwell Automation by 97.5% in the fourth quarter. Macquarie Group Ltd. now owns 7,900 shares of the industrial products company’s stock worth $1,062,000 after buying an additional 3,900 shares during the last quarter. Regentatlantic Capital LLC boosted its position in Rockwell Automation by 2.7% in the first quarter. Regentatlantic Capital LLC now owns 1,739 shares of the industrial products company’s stock worth $271,000 after buying an additional 45 shares during the last quarter. CWM LLC boosted its position in Rockwell Automation by 27.7% in the first quarter. CWM LLC now owns 2,119 shares of the industrial products company’s stock worth $330,000 after buying an additional 460 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Rockwell Automation during the first quarter worth $1,315,000. Finally, Lodestar Investment Counsel LLC IL boosted its position in Rockwell Automation by 3.9% in the first quarter. Lodestar Investment Counsel LLC IL now owns 51,082 shares of the industrial products company’s stock worth $7,954,000 after buying an additional 1,930 shares during the last quarter. 73.38% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Rockwell Automation, Inc. (NYSE ROK) opened at 164.12 on Wednesday. Rockwell Automation, Inc. has a 1-year low of $111.52 and a 1-year high of $167.97. The company has a market cap of $21.07 billion, a P/E ratio of 26.47 and a beta of 1.17. The firm has a 50-day moving average price of $164.15 and a 200-day moving average price of $157.63.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.12. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.58 billion. Rockwell Automation had a return on equity of 40.71% and a net margin of 13.04%. Rockwell Automation’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.55 earnings per share. On average, equities analysts expect that Rockwell Automation, Inc. will post $6.75 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.04 dividend on an annualized basis and a yield of 1.85%. Rockwell Automation’s dividend payout ratio is currently 49.03%.
A number of research analysts have recently weighed in on ROK shares. Gabelli raised Rockwell Automation from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Barclays PLC boosted their price target on Rockwell Automation from $166.00 to $167.00 and gave the stock an “overweight” rating in a report on Wednesday, April 19th. Credit Suisse Group reissued a “hold” rating and issued a $155.00 price target on shares of Rockwell Automation in a report on Thursday, April 27th. Stifel Nicolaus boosted their price target on Rockwell Automation from $159.00 to $167.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Finally, Morgan Stanley boosted their price target on Rockwell Automation from $153.00 to $167.00 and gave the stock an “equal weight” rating in a report on Friday, April 28th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $152.33.
In other news, SVP Frank C. Kulaszewicz sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $165.74, for a total value of $1,325,920.00. Following the transaction, the senior vice president now owns 33,195 shares in the company, valued at $5,501,739.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Elik I. Fooks sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $159.04, for a total value of $477,120.00. Following the completion of the transaction, the insider now owns 10,799 shares in the company, valued at approximately $1,717,472.96. The disclosure for this sale can be found here. Insiders have sold 111,825 shares of company stock worth $18,142,463 in the last quarter. 1.65% of the stock is currently owned by company insiders.
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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