BNP Paribas Arbitrage SA lowered its position in Rockwell Automation, Inc. (NYSE:ROK) by 65.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 67,788 shares of the industrial products company’s stock after selling 127,425 shares during the period. BNP Paribas Arbitrage SA owned 0.05% of Rockwell Automation worth $12,080,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in ROK. NN Investment Partners Holdings N.V. boosted its holdings in Rockwell Automation by 132.1% in the second quarter. NN Investment Partners Holdings N.V. now owns 5,452 shares of the industrial products company’s stock worth $883,000 after acquiring an additional 3,103 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Rockwell Automation by 36.2% in the second quarter. Fisher Asset Management LLC now owns 112,110 shares of the industrial products company’s stock worth $18,157,000 after acquiring an additional 29,809 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in Rockwell Automation by 5.8% in the second quarter. State of Alaska Department of Revenue now owns 1,651 shares of the industrial products company’s stock worth $267,000 after acquiring an additional 90 shares in the last quarter. CENTRAL TRUST Co boosted its holdings in Rockwell Automation by 20.4% in the second quarter. CENTRAL TRUST Co now owns 3,097 shares of the industrial products company’s stock worth $502,000 after acquiring an additional 525 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Rockwell Automation by 60.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 50,449 shares of the industrial products company’s stock worth $8,171,000 after acquiring an additional 19,000 shares in the last quarter. Institutional investors and hedge funds own 72.90% of the company’s stock.
Shares of Rockwell Automation, Inc. (NYSE:ROK) opened at $192.54 on Tuesday. The company has a current ratio of 3.46, a quick ratio of 3.00 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $24,723.27, a P/E ratio of 28.53, a P/E/G ratio of 2.21 and a beta of 1.24. Rockwell Automation, Inc. has a 52-week low of $129.66 and a 52-week high of $210.72.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.69 EPS for the quarter, missing the Zacks’ consensus estimate of $1.72 by ($0.03). The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Rockwell Automation had a net margin of 13.08% and a return on equity of 38.67%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.52 earnings per share. research analysts anticipate that Rockwell Automation, Inc. will post 7.39 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be given a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.73%. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.76. The ex-dividend date is Friday, November 10th. Rockwell Automation’s dividend payout ratio (DPR) is presently 52.68%.
Several research analysts have issued reports on ROK shares. Zacks Investment Research upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $182.00 price target on the stock in a report on Friday, July 28th. ValuEngine upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a report on Thursday, September 7th. Morgan Stanley reiterated an “equal weight” rating and issued a $173.00 price target (up previously from $168.00) on shares of Rockwell Automation in a report on Monday, October 2nd. Cowen and Company reiterated a “hold” rating and issued a $140.00 price target on shares of Rockwell Automation in a report on Sunday, September 17th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Rockwell Automation in a report on Friday, August 18th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $165.00.
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In related news, insider Blake D. Moret sold 5,677 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $170.10, for a total transaction of $965,657.70. Following the completion of the sale, the insider now directly owns 21,426 shares of the company’s stock, valued at $3,644,562.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Blake D. Moret sold 1,723 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $170.06, for a total value of $293,013.38. Following the sale, the insider now directly owns 22,849 shares of the company’s stock, valued at $3,885,700.94. The disclosure for this sale can be found here. Insiders have sold 10,400 shares of company stock valued at $1,753,821 over the last ninety days. 1.65% of the stock is currently owned by company insiders.
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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