Teacher Retirement System of Texas Buys 4,502 Shares of Rockwell Automation (ROK)

Teacher Retirement System of Texas increased its stake in shares of Rockwell Automation (NYSE:ROK) by 267.0% in the first quarter, HoldingsChannel reports. The firm owned 6,188 shares of the industrial products company’s stock after buying an additional 4,502 shares during the quarter. Teacher Retirement System of Texas’ holdings in Rockwell Automation were worth $1,086,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ROK. JPMorgan Chase & Co. increased its position in Rockwell Automation by 2.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 871,952 shares of the industrial products company’s stock worth $163,510,000 after purchasing an additional 19,184 shares in the last quarter. Renaissance Technologies LLC increased its position in Rockwell Automation by 444.4% during the 3rd quarter. Renaissance Technologies LLC now owns 14,700 shares of the industrial products company’s stock worth $2,757,000 after purchasing an additional 12,000 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in Rockwell Automation by 15.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,770 shares of the industrial products company’s stock worth $416,000 after purchasing an additional 381 shares in the last quarter. Eukles Asset Management purchased a new stake in Rockwell Automation during the 4th quarter worth about $1,569,000. Finally, Cliftonlarsonallen Wealth Advisors LLC increased its position in Rockwell Automation by 1.0% during the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 211,007 shares of the industrial products company’s stock worth $31,752,000 after purchasing an additional 1,988 shares in the last quarter. Hedge funds and other institutional investors own 76.15% of the company’s stock.

ROK has been the subject of a number of recent research reports. Wells Fargo & Co reiterated a “buy” rating on shares of Rockwell Automation in a research report on Wednesday, April 10th. HSBC raised Rockwell Automation from a “reduce” rating to a “buy” rating and raised their price target for the stock from $165.00 to $175.00 in a research note on Friday, January 25th. Gabelli reissued a “hold” rating on shares of Rockwell Automation in a research note on Friday, April 26th. Deutsche Bank raised their price target on Rockwell Automation from $173.00 to $186.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. Finally, UBS Group lowered Rockwell Automation from a “buy” rating to a “neutral” rating and raised their price target for the stock from $182.00 to $190.00 in a research note on Wednesday, March 20th. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $174.71.

NYSE:ROK traded up $3.79 during mid-day trading on Tuesday, reaching $162.37. The company’s stock had a trading volume of 23,104 shares, compared to its average volume of 890,527. The firm has a market cap of $18.77 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 2.20 and a beta of 1.34. Rockwell Automation has a twelve month low of $141.46 and a twelve month high of $198.23. The company has a current ratio of 1.59, a quick ratio of 1.23 and a debt-to-equity ratio of 1.45.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Thursday, April 25th. The industrial products company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.07). The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.71 billion. Rockwell Automation had a net margin of 14.43% and a return on equity of 73.82%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.89 earnings per share. As a group, research analysts forecast that Rockwell Automation will post 8.96 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 13th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Friday, May 10th. Rockwell Automation’s dividend payout ratio is currently 47.84%.

In related news, insider Elik I. Fooks sold 5,100 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $177.80, for a total transaction of $906,780.00. Following the transaction, the insider now directly owns 15,597 shares of the company’s stock, valued at approximately $2,773,146.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Frank C. Kulaszewicz sold 9,231 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $177.70, for a total value of $1,640,348.70. Following the transaction, the senior vice president now directly owns 34,893 shares in the company, valued at $6,200,486.10. The disclosure for this sale can be found here. Insiders sold a total of 14,384 shares of company stock worth $2,556,521 over the last ninety days. Corporate insiders own 1.43% of the company’s stock.

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Rockwell Automation Profile

Rockwell Automation, Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

See Also: Gross Domestic Product (GDP)

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

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