Federated Investors Inc. PA lowered its stake in shares of Rockwell Automation (NYSE:ROK) by 8.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,290 shares of the industrial products company’s stock after selling 308 shares during the period. Federated Investors Inc. PA’s holdings in Rockwell Automation were worth $442,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of ROK. Lodestar Investment Counsel LLC IL increased its position in Rockwell Automation by 2.6% in the third quarter. Lodestar Investment Counsel LLC IL now owns 49,047 shares of the industrial products company’s stock valued at $6,000,000 after buying an additional 1,234 shares during the period. Capital Investment Advisors LLC bought a new position in Rockwell Automation during the third quarter valued at approximately $203,000. CWM LLC increased its position in Rockwell Automation by 108.4% in the third quarter. CWM LLC now owns 1,632 shares of the industrial products company’s stock valued at $200,000 after buying an additional 849 shares during the period. Northwest Investment Counselors LLC increased its position in Rockwell Automation by 4.6% in the third quarter. Northwest Investment Counselors LLC now owns 13,760 shares of the industrial products company’s stock valued at $1,683,000 after buying an additional 611 shares during the period. Finally, Charter Trust Co. increased its position in Rockwell Automation by 2.3% in the third quarter. Charter Trust Co. now owns 8,940 shares of the industrial products company’s stock valued at $1,094,000 after buying an additional 197 shares during the period. 72.56% of the stock is currently owned by institutional investors and hedge funds.
Shares of Rockwell Automation (NYSE:ROK) traded down 0.15% during trading on Friday, reaching $153.59. 894,343 shares of the company traded hands. The company has a market capitalization of $19.75 billion, a price-to-earnings ratio of 26.44 and a beta of 1.07. Rockwell Automation has a 1-year low of $107.17 and a 1-year high of $159.78. The stock’s 50 day moving average is $153.85 and its 200 day moving average is $139.88.
Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, January 25th. The industrial products company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.30. Rockwell Automation had a return on equity of 38.57% and a net margin of 12.77%. The business earned $1.49 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the firm earned $1.49 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, analysts forecast that Rockwell Automation will post $6.29 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 12th. Stockholders of record on Monday, May 15th will be paid a $0.76 dividend. The ex-dividend date is Thursday, May 11th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.98%. Rockwell Automation’s dividend payout ratio (DPR) is currently 52.23%.
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Several equities research analysts recently weighed in on the stock. Barclays PLC boosted their price target on shares of Rockwell Automation from $166.00 to $167.00 and gave the stock an “overweight” rating in a research report on Wednesday. Gabelli cut shares of Rockwell Automation from a “hold” rating to a “sell” rating and set a $150.00 price target on the stock. in a research report on Friday, January 27th. Credit Suisse Group AG reiterated a “hold” rating and set a $145.00 price objective on shares of Rockwell Automation in a research report on Thursday, March 30th. Bank of America Corp upgraded shares of Rockwell Automation from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $110.00 to $143.00 in a research report on Monday, January 9th. Finally, Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Rockwell Automation in a research report on Wednesday, January 25th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $134.14.
In other news, Director Keith D. Nosbusch sold 33,900 shares of the stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $151.00, for a total value of $5,118,900.00. Following the completion of the sale, the director now owns 435,186 shares in the company, valued at $65,713,086. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Theodore D. Crandall sold 24,400 shares of the stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $150.43, for a total value of $3,670,492.00. Following the completion of the sale, the chief financial officer now owns 120,163 shares of the company’s stock, valued at approximately $18,076,120.09. The disclosure for this sale can be found here. In the last quarter, insiders sold 346,904 shares of company stock valued at $52,562,126. Insiders own 1.65% of the company’s stock.
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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