Altshuler Shaham Ltd lifted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 101.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177 shares of the industrial products company’s stock after purchasing an additional 89 shares during the quarter. Altshuler Shaham Ltd’s holdings in Rockwell Automation were worth $39,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Hexavest Inc. boosted its position in shares of Rockwell Automation by 395.8% during the 3rd quarter. Hexavest Inc. now owns 119 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 95 shares in the last quarter. Nachman Norwood & Parrott Inc bought a new position in shares of Rockwell Automation during the 3rd quarter worth about $32,000. Financial Management Professionals Inc. boosted its position in shares of Rockwell Automation by 914.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 213 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 192 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Rockwell Automation during the 2nd quarter worth about $51,000. Finally, FinTrust Capital Advisors LLC boosted its position in shares of Rockwell Automation by 83.3% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 264 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 120 shares in the last quarter. 76.39% of the stock is currently owned by institutional investors.
In related news, CEO Blake D. Moret sold 20,700 shares of Rockwell Automation stock in a transaction that occurred on Friday, November 13th. The shares were sold at an average price of $238.98, for a total value of $4,946,886.00. Following the completion of the transaction, the chief executive officer now directly owns 61,309 shares in the company, valued at approximately $14,651,624.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Christopher Nardecchia sold 319 shares of Rockwell Automation stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $245.73, for a total transaction of $78,387.87. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,708 shares of company stock valued at $13,108,209. 0.77% of the stock is currently owned by company insiders.
ROK has been the topic of several recent research reports. Wells Fargo & Company reaffirmed a “hold” rating on shares of Rockwell Automation in a research report on Thursday, November 12th. Barclays raised their price target on shares of Rockwell Automation from $250.00 to $274.00 and gave the company an “overweight” rating in a research report on Wednesday, November 11th. Stephens initiated coverage on shares of Rockwell Automation in a research report on Thursday, October 15th. They issued an “equal weight” rating on the stock. JPMorgan Chase & Co. raised their price target on shares of Rockwell Automation from $155.00 to $188.00 and gave the company an “underweight” rating in a research report on Wednesday, October 7th. Finally, Credit Suisse Group raised their price target on shares of Rockwell Automation from $226.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, November 11th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. Rockwell Automation presently has a consensus rating of “Hold” and an average price target of $225.24.
Shares of ROK stock opened at $247.63 on Friday. The company has a 50 day moving average of $241.13 and a 200-day moving average of $222.63. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.81. Rockwell Automation, Inc. has a 12-month low of $115.38 and a 12-month high of $267.48. The firm has a market cap of $28.77 billion, a P/E ratio of 37.58, a PEG ratio of 4.78 and a beta of 1.47.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Sunday, November 15th. The industrial products company reported $1.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.10. Rockwell Automation had a net margin of 11.85% and a return on equity of 105.45%. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the business posted $2.01 EPS. Rockwell Automation’s quarterly revenue was down 9.3% compared to the same quarter last year. As a group, equities analysts expect that Rockwell Automation, Inc. will post 7.54 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Monday, November 16th will be paid a dividend of $1.07 per share. The ex-dividend date is Friday, November 13th. This represents a $4.28 annualized dividend and a dividend yield of 1.73%. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.02. Rockwell Automation’s dividend payout ratio (DPR) is presently 49.37%.
Rockwell Automation Company Profile
Rockwell Automation, Inc provides industrial automation and digital transformation solutions. It operates in two segments, Architecture & Software, and Control Products & Solutions. The Architecture & Software segment offers a portfolio of automation and information platforms, including hardware and software.
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