Duality Advisers LP Invests $1.85 Million in Rockwell Automation (NYSE:ROK)

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Duality Advisers LP acquired a new position in shares of Rockwell Automation (NYSE:ROK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,688 shares of the industrial products company’s stock, valued at approximately $1,851,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ROK. Wellington Management Group LLP increased its holdings in shares of Rockwell Automation by 169.2% during the first quarter. Wellington Management Group LLP now owns 2,078,665 shares of the industrial products company’s stock worth $313,692,000 after buying an additional 1,306,643 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Rockwell Automation by 150.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,412,528 shares of the industrial products company’s stock valued at $213,165,000 after purchasing an additional 848,273 shares in the last quarter. Norges Bank acquired a new stake in shares of Rockwell Automation in the fourth quarter valued at approximately $155,572,000. JPMorgan Chase & Co. increased its holdings in shares of Rockwell Automation by 30.4% in the first quarter. JPMorgan Chase & Co. now owns 2,220,020 shares of the industrial products company’s stock valued at $335,024,000 after purchasing an additional 516,986 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Rockwell Automation by 5.5% in the first quarter. BlackRock Inc. now owns 9,486,884 shares of the industrial products company’s stock valued at $1,431,668,000 after purchasing an additional 495,939 shares in the last quarter. 77.35% of the stock is owned by institutional investors.

In related news, CEO Blake D. Moret sold 3,181 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $209.10, for a total transaction of $665,147.10. Following the completion of the transaction, the chief executive officer now directly owns 49,594 shares in the company, valued at $10,370,105.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Francis Wlodarczyk sold 4,100 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $206.33, for a total value of $845,953.00. Following the transaction, the senior vice president now owns 10,876 shares of the company’s stock, valued at $2,244,045.08. The disclosure for this sale can be found here. Insiders sold 32,181 shares of company stock valued at $6,851,010 over the last 90 days. Corporate insiders own 0.77% of the company’s stock.

Shares of Rockwell Automation stock opened at $218.14 on Friday. Rockwell Automation has a 1 year low of $115.38 and a 1 year high of $230.93. The business has a 50-day moving average of $214.27 and a two-hundred day moving average of $193.19. The company has a market capitalization of $25.30 billion, a P/E ratio of 27.90, a price-to-earnings-growth ratio of 5.00 and a beta of 1.50. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.31 and a quick ratio of 1.21.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.14. Rockwell Automation had a return on equity of 105.45% and a net margin of 11.85%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the company earned $2.40 earnings per share. The company’s revenue for the quarter was down 16.3% compared to the same quarter last year. On average, equities analysts anticipate that Rockwell Automation will post 7.49 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be issued a $1.02 dividend. The ex-dividend date is Friday, August 14th. This represents a $4.08 annualized dividend and a dividend yield of 1.87%. Rockwell Automation’s dividend payout ratio (DPR) is currently 47.06%.

A number of analysts recently weighed in on ROK shares. William Blair reissued a “market perform” rating on shares of Rockwell Automation in a report on Wednesday. Barclays raised their price target on shares of Rockwell Automation from $247.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday. Bank of America raised shares of Rockwell Automation from a “neutral” rating to a “buy” rating and set a $250.00 price target for the company in a report on Tuesday, May 26th. UBS Group raised their price target on shares of Rockwell Automation from $161.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Robert W. Baird raised their price target on shares of Rockwell Automation from $134.00 to $167.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock. Rockwell Automation presently has an average rating of “Hold” and an average target price of $202.59.

About Rockwell Automation

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.

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

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