Quadrature Capital Ltd Invests $13.30 Million in Rockwell Automation (ROK) Stock

Quadrature Capital Ltd bought a new position in Rockwell Automation (NYSE:ROK) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 67,693 shares of the industrial products company’s stock, valued at approximately $13,298,000. Rockwell Automation makes up about 1.2% of Quadrature Capital Ltd’s holdings, making the stock its 14th biggest position. Quadrature Capital Ltd owned approximately 0.05% of Rockwell Automation as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Columbia Partners L L C Investment Management boosted its stake in Rockwell Automation by 144.9% in the fourth quarter. Columbia Partners L L C Investment Management now owns 17,684 shares of the industrial products company’s stock worth $3,472,000 after buying an additional 10,464 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in Rockwell Automation by 2.4% in the fourth quarter. OppenheimerFunds Inc. now owns 141,114 shares of the industrial products company’s stock worth $27,708,000 after buying an additional 3,336 shares in the last quarter. Pinnacle Associates Ltd. boosted its stake in Rockwell Automation by 4.8% in the fourth quarter. Pinnacle Associates Ltd. now owns 8,345 shares of the industrial products company’s stock worth $1,639,000 after buying an additional 380 shares in the last quarter. First Republic Investment Management Inc. boosted its stake in Rockwell Automation by 7.7% in the fourth quarter. First Republic Investment Management Inc. now owns 11,607 shares of the industrial products company’s stock worth $2,279,000 after buying an additional 834 shares in the last quarter. Finally, Alpha Cubed Investments LLC purchased a new stake in Rockwell Automation in the fourth quarter worth approximately $242,000. 72.36% of the stock is owned by institutional investors and hedge funds.

Shares of Rockwell Automation (ROK) opened at $185.29 on Friday. The firm has a market capitalization of $23,505.87, a P/E ratio of 26.43, a PEG ratio of 2.07 and a beta of 1.17. Rockwell Automation has a 52 week low of $148.31 and a 52 week high of $210.72. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.73 and a current ratio of 1.98.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, January 24th. The industrial products company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.22. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.60 billion. Rockwell Automation had a return on equity of 39.45% and a net margin of 5.85%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.75 earnings per share. sell-side analysts forecast that Rockwell Automation will post 7.79 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Tuesday, February 20th will be issued a dividend of $0.835 per share. The ex-dividend date is Friday, February 16th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.80%. Rockwell Automation’s dividend payout ratio is presently 117.19%.

Rockwell Automation declared that its Board of Directors has approved a share repurchase plan on Wednesday, January 24th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the industrial products company to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Several analysts have issued reports on ROK shares. UBS Group started coverage on Rockwell Automation in a research note on Monday, January 22nd. They issued a “buy” rating for the company. Zacks Investment Research raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $224.00 price objective for the company in a research note on Monday, January 29th. Morgan Stanley increased their price objective on Rockwell Automation from $194.00 to $206.00 and gave the company an “equal weight” rating in a research note on Thursday, January 25th. Barclays assumed coverage on Rockwell Automation in a research note on Thursday, February 15th. They set an “equal weight” rating and a $200.00 price objective for the company. Finally, ValuEngine lowered Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $190.00.

In related news, SVP Frank C. Kulaszewicz sold 43,100 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $177.68, for a total transaction of $7,658,008.00. Following the completion of the transaction, the senior vice president now owns 35,338 shares in the company, valued at $6,278,855.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider John P. Mcdermott sold 1,950 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $187.08, for a total value of $364,806.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 120,347 shares of company stock valued at $23,031,614. 1.65% of the stock is owned by corporate insiders.

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

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