Koch Industries Inc. bought a new position in Rockwell Automation (NYSE:ROK) in the 4th quarter, Holdings Channel reports. The institutional investor bought 1,825 shares of the industrial products company’s stock, valued at approximately $358,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of ROK. Ameriprise Financial Inc. lifted its holdings in shares of Rockwell Automation by 47.2% during the third quarter. Ameriprise Financial Inc. now owns 1,558,748 shares of the industrial products company’s stock worth $277,788,000 after buying an additional 499,745 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in shares of Rockwell Automation by 83.3% during the fourth quarter. UBS Asset Management Americas Inc. now owns 741,547 shares of the industrial products company’s stock worth $145,603,000 after buying an additional 336,883 shares during the last quarter. Schroder Investment Management Group lifted its holdings in shares of Rockwell Automation by 26.5% during the fourth quarter. Schroder Investment Management Group now owns 926,562 shares of the industrial products company’s stock worth $181,931,000 after buying an additional 193,854 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Rockwell Automation by 12.8% during the third quarter. Wells Fargo & Company MN now owns 1,509,470 shares of the industrial products company’s stock worth $269,003,000 after buying an additional 171,598 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in shares of Rockwell Automation by 5.7% during the fourth quarter. Lazard Asset Management LLC now owns 2,629,619 shares of the industrial products company’s stock worth $516,325,000 after buying an additional 141,253 shares during the last quarter. Hedge funds and other institutional investors own 73.24% of the company’s stock.
In related news, SVP Frank C. Kulaszewicz sold 43,100 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $177.68, for a total value of $7,658,008.00. Following the completion of the transaction, the senior vice president now directly owns 35,338 shares in the company, valued at $6,278,855.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John P. Mcdermott sold 2,050 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $187.90, for a total value of $385,195.00. Following the completion of the transaction, the insider now owns 40,353 shares of the company’s stock, valued at $7,582,328.70. The disclosure for this sale can be found here. Insiders sold 123,627 shares of company stock valued at $23,604,488 over the last 90 days. 1.28% of the stock is currently owned by corporate insiders.
Rockwell Automation (ROK) opened at $187.90 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.73. The company has a market capitalization of $24,167.79, a price-to-earnings ratio of 27.17, a P/E/G ratio of 2.13 and a beta of 1.21. Rockwell Automation has a 12 month low of $148.31 and a 12 month high of $210.72.
Rockwell Automation (NYSE:ROK) last issued 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 business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.60 billion. Rockwell Automation had a return on equity of 39.45% and a net margin of 5.85%. Rockwell Automation’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.75 earnings per share. research analysts predict that Rockwell Automation will post 7.79 EPS for the current fiscal year.
Rockwell Automation announced that its Board of Directors has authorized a share repurchase plan on Wednesday, January 24th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
The company also recently announced a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Tuesday, February 20th were paid a $0.835 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.78%. Rockwell Automation’s payout ratio is 117.19%.
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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