APG Asset Management N.V. increased its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 153.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 326,473 shares of the industrial products company’s stock after purchasing an additional 197,600 shares during the quarter. APG Asset Management N.V. owned approximately 0.25% of Rockwell Automation worth $58,181,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC boosted its holdings in Rockwell Automation by 166.3% during the second quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock worth $129,000 after purchasing an additional 499 shares during the last quarter. Rockefeller Financial Services Inc. purchased a new position in Rockwell Automation during the third quarter worth about $143,000. Sun Life Financial INC boosted its holdings in Rockwell Automation by 8,490.9% during the second quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock worth $153,000 after purchasing an additional 934 shares during the last quarter. Clarkston Capital Partners LLC purchased a new position in Rockwell Automation during the second quarter worth about $206,000. Finally, Verition Fund Management LLC purchased a new position in Rockwell Automation during the second quarter worth about $207,000. Institutional investors and hedge funds own 73.79% of the company’s stock.
Rockwell Automation, Inc. (ROK) traded up $2.80 during midday trading on Friday, hitting $192.61. 541,900 shares of the stock traded hands, compared to its average volume of 881,349. Rockwell Automation, Inc. has a one year low of $129.28 and a one year high of $210.72. The company has a current ratio of 3.46, a quick ratio of 1.76 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $24,723.23, a price-to-earnings ratio of 28.53, a P/E/G ratio of 2.29 and a beta of 1.24.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.03). Rockwell Automation had a net margin of 13.08% and a return on equity of 38.67%. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the firm earned $1.52 EPS. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. equities research analysts expect that Rockwell Automation, Inc. will post 7.39 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be issued a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Friday, November 10th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.76. Rockwell Automation’s dividend payout ratio is 47.95%.
In related news, VP David M. Dorgan sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $165.05, for a total transaction of $495,150.00. Following the sale, the vice president now owns 9,355 shares of the company’s stock, valued at approximately $1,544,042.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Blake D. Moret sold 1,723 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $170.06, for a total transaction of $293,013.38. Following the sale, the insider now directly owns 22,849 shares in the company, valued at approximately $3,885,700.94. The disclosure for this sale can be found here. Insiders have sold a total of 10,400 shares of company stock worth $1,753,821 in the last ninety days. 1.65% of the stock is currently owned by insiders.
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Several research analysts recently weighed in on ROK shares. Stifel Nicolaus restated a “hold” rating and set a $167.00 price target on shares of Rockwell Automation in a report on Wednesday, July 19th. HSBC Holdings plc restated a “hold” rating and set a $147.00 price target (up from $134.00) on shares of Rockwell Automation in a report on Saturday, July 22nd. BidaskClub cut shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. J P Morgan Chase & Co upgraded shares of Rockwell Automation from an “underweight” rating to a “neutral” rating and set a $153.00 price target on the stock in a report on Thursday, July 27th. Finally, Zacks Investment Research raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $182.00 price objective on the stock in a research report on Friday, July 28th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. Rockwell Automation has a consensus rating of “Hold” and a consensus target price of $165.00.
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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