Wealth Enhancement Advisory Services LLC bought a new stake in Rockwell Automation (NYSE:ROK) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 6,531 shares of the industrial products company’s stock, valued at approximately $1,358,000.
A number of other large investors have also recently added to or reduced their stakes in ROK. Valeo Financial Advisors LLC acquired a new stake in Rockwell Automation during the 3rd quarter worth approximately $131,000. Rockefeller Financial Services Inc. acquired a new stake in Rockwell Automation during the 3rd quarter worth approximately $143,000. Sun Life Financial INC increased its position in Rockwell Automation by 8,490.9% during the 2nd 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 in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in Rockwell Automation during the 3rd quarter worth approximately $186,000. Finally, Foundry Partners LLC acquired a new stake in Rockwell Automation during the 3rd quarter worth approximately $200,000. Institutional investors own 72.75% of the company’s stock.
Several analysts have issued reports on ROK shares. Wolfe Research raised shares of Rockwell Automation from a “market perform” rating to an “outperform” rating in a research report on Monday, November 20th. JPMorgan Chase & Co. started coverage on shares of Rockwell Automation in a research report on Wednesday, November 29th. They issued a “neutral” rating for the company. Citigroup lowered their price objective on shares of Rockwell Automation from $214.00 to $209.00 and set a “neutral” rating for the company in a research report on Thursday, January 25th. Daiwa Capital Markets started coverage on shares of Rockwell Automation in a research report on Wednesday, December 20th. They issued a “neutral” rating and a $199.00 price objective for the company. Finally, Oppenheimer reissued a “hold” rating on shares of Rockwell Automation in a research report on Monday, November 20th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. Rockwell Automation presently has a consensus rating of “Hold” and an average target price of $183.15.
Shares of Rockwell Automation (NYSE ROK) traded up $4.31 on Friday, reaching $183.04. The company had a trading volume of 1,415,217 shares, compared to its average volume of 945,045. Rockwell Automation has a 52-week low of $148.31 and a 52-week high of $210.72. The company has a market capitalization of $23,389.58, a PE ratio of 64.22, a PEG ratio of 2.06 and a beta of 1.17. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.73.
Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $1.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.22. Rockwell Automation had a return on equity of 39.45% and a net margin of 5.85%. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same period last year, the business posted $1.75 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. sell-side analysts predict that Rockwell Automation will post 7.79 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Tuesday, February 20th will be paid a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Friday, February 16th. Rockwell Automation’s payout ratio is 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 outstanding shares. This buyback authorization allows the industrial products company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.
In other Rockwell Automation news, VP Robert B. Murphy sold 696 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $200.00, for a total value of $139,200.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Frank C. Kulaszewicz sold 43,100 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $177.68, for a total value of $7,658,008.00. Following the completion of the sale, the senior vice president now owns 35,338 shares in the company, valued at $6,278,855.84. The disclosure for this sale can be found here. Insiders sold 113,966 shares of company stock worth $21,834,799 over the last quarter. 1.65% of the stock is currently owned by company 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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