AMF Pensionsforsakring AB reduced its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 75.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,781 shares of the industrial products company’s stock after selling 283,358 shares during the quarter. AMF Pensionsforsakring AB owned about 0.08% of Rockwell Automation worth $24,111,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the stock. IronBridge Private Wealth LLC purchased a new position in shares of Rockwell Automation in the fourth quarter valued at $27,000. BDO Wealth Advisors LLC grew its holdings in Rockwell Automation by 177.8% during the 4th quarter. BDO Wealth Advisors LLC now owns 125 shares of the industrial products company’s stock valued at $31,000 after buying an additional 80 shares in the last quarter. Pinnacle Bancorp Inc. increased its position in shares of Rockwell Automation by 191.1% during the first quarter. Pinnacle Bancorp Inc. now owns 131 shares of the industrial products company’s stock valued at $35,000 after buying an additional 86 shares during the period. RMR Wealth Builders bought a new stake in Rockwell Automation during the fourth quarter valued at $43,000. Finally, Hexavest Inc. raised its holdings in shares of Rockwell Automation by 45.4% in the 4th quarter. Hexavest Inc. now owns 173 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 54 shares in the last quarter. Institutional investors and hedge funds own 76.21% of the company’s stock.
Shares of Rockwell Automation stock opened at $261.17 on Tuesday. Rockwell Automation, Inc. has a 12-month low of $177.80 and a 12-month high of $275.43. The firm has a market capitalization of $30.34 billion, a price-to-earnings ratio of 29.78, a PEG ratio of 3.26 and a beta of 1.37. The company has a current ratio of 1.48, a quick ratio of 1.16 and a debt-to-equity ratio of 1.47. The firm’s 50 day simple moving average is $264.79 and its two-hundred day simple moving average is $253.33.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Tuesday, April 27th. The industrial products company reported $2.41 EPS for the quarter, topping the consensus estimate of $2.15 by $0.26. The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.73 billion. Rockwell Automation had a net margin of 16.17% and a return on equity of 81.39%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.43 EPS. On average, sell-side analysts predict that Rockwell Automation, Inc. will post 8.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 10th. Stockholders of record on Monday, May 17th will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Friday, May 14th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 1.64%. Rockwell Automation’s dividend payout ratio is currently 55.73%.
ROK has been the subject of a number of analyst reports. Vertical Research raised Rockwell Automation from a “sell” rating to a “hold” rating in a research note on Monday, January 4th. Deutsche Bank Aktiengesellschaft raised their price objective on Rockwell Automation from $242.00 to $268.00 and gave the company a “hold” rating in a research report on Monday, April 19th. Credit Suisse Group upped their target price on shares of Rockwell Automation from $248.00 to $265.00 and gave the stock a “neutral” rating in a research note on Thursday, April 29th. Rosenblatt Securities upped their price target on Rockwell Automation from $240.00 to $260.00 and gave the company a “neutral” rating in a report on Monday. Finally, Barclays lifted their price target on shares of Rockwell Automation from $265.00 to $269.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 13th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $259.36.
In related news, SVP Frank C. Kulaszewicz sold 100 shares of the company’s stock in a transaction that occurred on Monday, March 8th. The shares were sold at an average price of $255.14, for a total transaction of $25,514.00. Following the sale, the senior vice president now directly owns 19,462 shares of the company’s stock, valued at approximately $4,965,534.68. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Sujeet Chand sold 1,300 shares of the business’s stock in a transaction on Friday, February 19th. The stock was sold at an average price of $248.06, for a total transaction of $322,478.00. Following the completion of the transaction, the senior vice president now owns 30,383 shares of the company’s stock, valued at approximately $7,536,806.98. The disclosure for this sale can be found here. Corporate insiders own 0.79% of the company’s stock.
About Rockwell Automation
Rockwell Automation, Inc provides industrial automation and digital transformation solutions. The company 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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