Delaney Dennis R increased its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 2.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,590 shares of the industrial products company’s stock after buying an additional 165 shares during the period. Rockwell Automation accounts for approximately 2.5% of Delaney Dennis R’s holdings, making the stock its 18th largest position. Delaney Dennis R’s holdings in Rockwell Automation were worth $1,229,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of ROK. Univest Corp of Pennsylvania acquired a new stake in shares of Rockwell Automation during the first quarter worth approximately $224,000. Gulf International Bank UK Ltd increased its stake in shares of Rockwell Automation by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 40,598 shares of the industrial products company’s stock worth $6,321,000 after buying an additional 515 shares during the last quarter. S&CO Inc. acquired a new stake in shares of Rockwell Automation during the first quarter worth approximately $216,000. Manning & Napier Advisors LLC increased its stake in shares of Rockwell Automation by 8.0% in the first quarter. Manning & Napier Advisors LLC now owns 21,858 shares of the industrial products company’s stock worth $3,402,000 after buying an additional 1,613 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its stake in shares of Rockwell Automation by 3.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 111,007 shares of the industrial products company’s stock worth $17,285,000 after buying an additional 3,858 shares during the last quarter. Institutional investors own 73.38% of the company’s stock.
Shares of Rockwell Automation, Inc. (NYSE:ROK) traded down 0.13% on Tuesday, reaching $165.60. The company had a trading volume of 434,208 shares. Rockwell Automation, Inc. has a 52 week low of $111.52 and a 52 week high of $167.97. The firm has a market capitalization of $21.51 billion, a price-to-earnings ratio of 26.71 and a beta of 1.17. The stock’s 50 day moving average is $163.74 and its 200 day moving average is $156.45.
Rockwell Automation (NYSE:ROK) last released its earnings results on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.12. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. Rockwell Automation had a net margin of 13.04% and a return on equity of 40.71%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.55 EPS. On average, equities analysts anticipate that Rockwell Automation, Inc. will post $6.75 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, August 10th. Rockwell Automation’s dividend payout ratio is presently 49.03%.
WARNING: “Rockwell Automation, Inc. (ROK) Position Raised by Delaney Dennis R” was first published by BBNS and is the property of of BBNS. If you are accessing this report on another website, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The correct version of this report can be accessed at https://baseballnewssource.com/markets/delaney-dennis-r-has-1-23-million-stake-in-rockwell-automation-inc-rok-updated/1314444.html.
A number of analysts have issued reports on the company. Cowen and Company raised their target price on Rockwell Automation from $125.00 to $140.00 and gave the stock a “market perform” rating in a research report on Thursday, July 6th. Credit Suisse Group reissued a “hold” rating and issued a $155.00 target price on shares of Rockwell Automation in a research report on Thursday, April 27th. Zacks Investment Research raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $182.00 target price for the company in a research report on Friday, July 28th. Gabelli upgraded Rockwell Automation from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Finally, Stifel Nicolaus lifted their price target on Rockwell Automation from $159.00 to $167.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. Rockwell Automation has a consensus rating of “Hold” and a consensus target price of $152.33.
In other Rockwell Automation news, insider Elik I. Fooks sold 3,000 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $165.36, for a total transaction of $496,080.00. Following the transaction, the insider now directly owns 10,799 shares of the company’s stock, valued at approximately $1,785,722.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William T. Jr/Wi Mccormick sold 432 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $158.07, for a total transaction of $68,286.24. Following the completion of the sale, the director now owns 9,109 shares of the company’s stock, valued at approximately $1,439,859.63. The disclosure for this sale can be found here. Over the last three months, insiders sold 127,257 shares of company stock worth $20,510,449. Insiders own 1.65% of the company’s stock.
About Rockwell Automation
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.
Receive News & Ratings for Rockwell Automation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation Inc. and related companies with our FREE daily email newsletter.