Forsta AP Fonden trimmed its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 38.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,900 shares of the industrial products company’s stock after selling 18,800 shares during the quarter. Forsta AP Fonden’s holdings in Rockwell Automation were worth $8,792,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of ROK. Monetary Management Group Inc. bought a new stake in shares of Rockwell Automation in the 2nd quarter worth approximately $27,000. Danda Trouve Investment Management Inc. bought a new stake in shares of Rockwell Automation in the 3rd quarter worth approximately $38,000. Geneos Wealth Management Inc. boosted its position in shares of Rockwell Automation by 35.0% in the 3rd quarter. Geneos Wealth Management Inc. now owns 135 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 35 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of Rockwell Automation by 2,800.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 493 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 476 shares in the last quarter. Finally, Psagot Investment House Ltd. bought a new stake in shares of Rockwell Automation in the 2nd quarter worth approximately $50,000. 76.96% of the stock is currently owned by institutional investors and hedge funds.
In other Rockwell Automation news, CEO Blake D. Moret sold 11,120 shares of the stock in a transaction on Monday, December 6th. The stock was sold at an average price of $342.84, for a total value of $3,812,380.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ernest Nicolas sold 414 shares of the stock in a transaction on Tuesday, November 2nd. The stock was sold at an average price of $341.57, for a total value of $141,409.98. The disclosure for this sale can be found here. Insiders sold a total of 25,736 shares of company stock valued at $8,842,299 over the last 90 days. 0.68% of the stock is currently owned by company insiders.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Tuesday, November 2nd. The industrial products company reported $2.33 EPS for the quarter, topping the consensus estimate of $2.17 by $0.16. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.90 billion. Rockwell Automation had a return on equity of 47.68% and a net margin of 19.41%. Rockwell Automation’s revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.87 EPS. On average, equities research analysts expect that Rockwell Automation, Inc. will post 10.73 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 10th. Stockholders of record on Monday, November 15th were paid a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 1.38%. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.07. The ex-dividend date was Friday, November 12th. Rockwell Automation’s dividend payout ratio is 38.65%.
A number of analysts have recently commented on the company. Argus boosted their price target on Rockwell Automation from $330.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, December 14th. Oppenheimer upped their price objective on Rockwell Automation from $310.00 to $360.00 and gave the company an “outperform” rating in a research report on Wednesday, November 3rd. Wells Fargo & Company upped their price objective on Rockwell Automation from $256.00 to $284.00 and gave the company an “underweight” rating in a research report on Wednesday, November 3rd. Credit Suisse Group upped their price objective on Rockwell Automation from $305.00 to $332.00 and gave the company a “neutral” rating in a research report on Wednesday, November 3rd. Finally, Morgan Stanley upped their price objective on Rockwell Automation from $387.00 to $395.00 and gave the company an “overweight” rating in a research report on Wednesday, December 15th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $320.76.
Rockwell Automation Company Profile
Rockwell Automation, Inc engages in the provision of industrial automation and information services. It operates through the following segments: Intelligent Devices, Software & Control, and Lifecycle Services. The Intelligent Devices segment combines a comprehensive portfolio of smart products that create the foundation of an agile, resilient and sustainable production system.
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