Rockwell Automation, Inc. (ROK) Shares Bought by Advisor Group Inc.
Advisor Group Inc. lifted its stake in Rockwell Automation, Inc. (NYSE:ROK) by 18.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,824 shares of the industrial products company’s stock after buying an additional 1,509 shares during the quarter. Advisor Group Inc.’s holdings in Rockwell Automation were worth $1,751,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC lifted its holdings in shares of Rockwell Automation by 166.3% in the second quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock worth $129,000 after buying an additional 499 shares in the last quarter. Rockefeller Financial Services Inc. purchased a new position in shares of Rockwell Automation in the third quarter worth $143,000. Sun Life Financial INC lifted its holdings in shares of Rockwell Automation by 8,490.9% in the second quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock worth $153,000 after buying an additional 934 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Rockwell Automation in the third quarter worth $186,000. Finally, Foundry Partners LLC purchased a new position in shares of Rockwell Automation in the third quarter worth $200,000. 72.90% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Rockwell Automation, Inc. (NYSE:ROK) opened at $194.36 on Friday. Rockwell Automation, Inc. has a 12 month low of $129.66 and a 12 month high of $210.72. The firm has a market cap of $24,830.00, a price-to-earnings ratio of 28.38, a PEG ratio of 2.19 and a beta of 1.24. The company has a quick ratio of 3.00, a current ratio of 3.46 and a debt-to-equity ratio of 0.47.
Rockwell Automation (NYSE:ROK) last announced its 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 net margin of 13.08% and a return on equity of 38.67%. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the prior year, the company posted $1.52 EPS. The company’s revenue was up 8.4% compared to the same quarter last year. sell-side analysts expect that Rockwell Automation, Inc. will post 7.39 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be issued a $0.835 dividend. The ex-dividend date is Friday, November 10th. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.76. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.72%. Rockwell Automation’s dividend payout ratio is presently 52.60%.
In other news, insider Blake D. Moret sold 1,723 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $170.06, for a total value of $293,013.38. Following the transaction, the insider now directly owns 22,849 shares in the company, valued at $3,885,700.94. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $965,657.70. Following the completion of the transaction, the insider now owns 21,426 shares in the company, valued at $3,644,562.60. The disclosure for this sale can be found here. Corporate insiders own 1.65% of the company’s stock.
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A number of research firms recently issued reports on ROK. Zacks Investment Research downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Citigroup Inc. upped their price target on shares of Rockwell Automation from $187.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, November 10th. ValuEngine downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. J P Morgan Chase & Co raised shares of Rockwell Automation from an “underweight” rating to a “neutral” rating and set a $153.00 price target on the stock in a research note on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Rockwell Automation in a research note on Friday, August 18th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $165.00.
Rockwell Automation 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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