National Pension Service boosted its position in Rockwell Automation, Inc. (NYSE:ROK) by 17.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 122,284 shares of the industrial products company’s stock after buying an additional 18,122 shares during the period. National Pension Service owned about 0.09% of Rockwell Automation worth $19,421,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the company. Jacobus Wealth Management Inc. purchased a new position in Rockwell Automation during the first quarter worth about $104,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in Rockwell Automation by 1,700.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 720 shares of the industrial products company’s stock worth $112,000 after buying an additional 680 shares in the last quarter. Appleton Group LLC purchased a new position in Rockwell Automation during the first quarter worth about $213,000. Hunter Associates Investment Management LLC purchased a new position in Rockwell Automation during the first quarter worth about $215,000. Finally, S&CO Inc. purchased a new position in Rockwell Automation during the first quarter worth about $216,000. 73.93% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Rockwell Automation, Inc. (NYSE:ROK) opened at 166.38 on Friday. Rockwell Automation, Inc. has a 52 week low of $111.52 and a 52 week high of $166.45. The company has a market capitalization of $21.44 billion, a PE ratio of 27.77 and a beta of 1.17. The company has a 50-day moving average price of $159.63 and a 200-day moving average price of $151.73.
Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, April 26th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.15. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Rockwell Automation had a return on equity of 39.71% and a net margin of 12.88%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the firm posted $1.37 earnings per share. Analysts predict that Rockwell Automation, Inc. will post $6.67 earnings per share for the current year.
The company also recently announced 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. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.04 annualized dividend and a yield of 1.83%. Rockwell Automation’s payout ratio is 50.75%.
A number of equities analysts have issued reports on ROK shares. BidaskClub raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Barclays PLC set a $176.00 price objective on shares of Rockwell Automation and gave the stock a “buy” rating in a report on Wednesday, April 26th. Zacks Investment Research raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $184.00 price objective on the stock in a report on Tuesday. Morgan Stanley lifted their price objective on shares of Rockwell Automation from $153.00 to $167.00 and gave the stock an “equal weight” rating in a report on Friday, April 28th. Finally, Stifel Nicolaus lifted their price objective on shares of Rockwell Automation from $159.00 to $167.00 and gave the stock a “hold” rating in a report on Friday, April 28th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. Rockwell Automation currently has an average rating of “Hold” and an average price target of $143.86.
In other Rockwell Automation news, Director Betty C. Alewine sold 7,173 shares of the firm’s stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $158.52, for a total value of $1,137,063.96. Following the transaction, the director now directly owns 20,584 shares of the company’s stock, valued at $3,262,975.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Keith D. Nosbusch sold 10,000 shares of the firm’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $156.00, for a total value of $1,560,000.00. Following the completion of the transaction, the director now directly owns 411,286 shares in the company, valued at $64,160,616. The disclosure for this sale can be found here. Insiders sold 129,605 shares of company stock worth $20,469,855 over the last three months. 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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