Uncommon Cents Investing LLC acquired a new position in Rockwell Automation (NYSE:ROK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,600 shares of the industrial products company’s stock, valued at approximately $1,302,000.
Several other large investors also recently modified their holdings of ROK. Ameriprise Financial Inc. increased its position 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 acquiring an additional 499,745 shares during the period. UBS Asset Management Americas Inc. increased its position 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 acquiring an additional 336,883 shares during the period. APG Asset Management N.V. increased its position in shares of Rockwell Automation by 153.3% during the third quarter. APG Asset Management N.V. now owns 326,473 shares of the industrial products company’s stock worth $58,181,000 after acquiring an additional 197,600 shares during the period. Schroder Investment Management Group increased its position 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 acquiring an additional 193,854 shares during the period. Finally, Wells Fargo & Company MN increased its position 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 acquiring an additional 171,598 shares during the period. 72.35% of the stock is currently owned by institutional investors and hedge funds.
ROK has been the topic of a number of research reports. Goldman Sachs Group reaffirmed a “neutral” rating and set a $193.00 target price on shares of Rockwell Automation in a research report on Friday, December 8th. Daiwa Capital Markets initiated coverage on shares of Rockwell Automation in a research report on Wednesday, December 20th. They set a “neutral” rating and a $199.00 target price on the stock. lowered shares of Rockwell Automation from a “hold” rating to a “reduce” rating in a research report on Thursday, November 2nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $198.00 target price on shares of Rockwell Automation in a research report on Monday, December 11th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Rockwell Automation in a research report on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $185.00.
In related news, CEO Blake D. Moret sold 5,309 shares of Rockwell Automation stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $190.75, for a total transaction of $1,012,691.75. Following the transaction, the chief executive officer now directly owns 30,720 shares of the company’s stock, valued at $5,859,840. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Elik I. Fooks sold 904 shares of Rockwell Automation stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $190.77, for a total transaction of $172,456.08. Following the transaction, the insider now directly owns 9,464 shares in the company, valued at $1,805,447.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 118,397 shares of company stock worth $22,666,808. 1.65% of the stock is currently owned by corporate insiders.
Rockwell Automation (NYSE ROK) opened at $185.56 on Friday. The stock has a market cap of $23,711.60, a P/E ratio of 65.11, a P/E/G ratio of 2.09 and a beta of 1.17. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.73 and a current ratio of 1.98. Rockwell Automation has a 1-year low of $148.31 and a 1-year high of $210.72.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $1.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.22. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.60 billion. Rockwell Automation had a net margin of 5.85% and a return on equity of 39.45%. Rockwell Automation’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted $1.75 earnings per share. equities analysts predict that Rockwell Automation will post 7.79 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Tuesday, February 20th will be issued a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a yield of 1.80%. The ex-dividend date is Friday, February 16th. Rockwell Automation’s payout ratio is 117.19%.
Rockwell Automation announced that its Board of Directors has authorized a stock buyback plan on Wednesday, January 24th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
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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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