National Planning Corp acquired a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) during the fourth quarter, Holdings Channel reports. The fund acquired 1,482 shares of the company’s stock, valued at approximately $219,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lazard Asset Management LLC boosted its stake in Rockwell Automation by 0.6% in the third quarter. Lazard Asset Management LLC now owns 4,671,449 shares of the company’s stock worth $571,504,000 after buying an additional 26,727 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Rockwell Automation by 1.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,406,867 shares of the company’s stock worth $416,796,000 after buying an additional 34,719 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of Rockwell Automation by 3.8% in the third quarter. BlackRock Fund Advisors now owns 2,201,314 shares of the company’s stock worth $269,309,000 after buying an additional 80,074 shares during the last quarter. Eaton Vance Management boosted its position in shares of Rockwell Automation by 7.8% in the third quarter. Eaton Vance Management now owns 1,149,042 shares of the company’s stock worth $140,574,000 after buying an additional 83,120 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Rockwell Automation by 4.6% in the third quarter. Wells Fargo & Company MN now owns 1,061,980 shares of the company’s stock worth $129,923,000 after buying an additional 46,545 shares during the last quarter. Institutional investors and hedge funds own 72.56% of the company’s stock.
Shares of Rockwell Automation, Inc. (NYSE:ROK) opened at 152.21 on Wednesday. The firm has a 50-day moving average price of $143.83 and a 200-day moving average price of $128.01. Rockwell Automation, Inc. has a 52 week low of $99.67 and a 52 week high of $155.44. The stock has a market cap of $19.57 billion, a price-to-earnings ratio of 26.21 and a beta of 1.07.
Rockwell Automation (NYSE:ROK) last released its earnings results on Wednesday, January 25th. The company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.30. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.42 billion. Rockwell Automation had a net margin of 12.77% and a return on equity of 38.57%. Rockwell Automation’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.49 EPS. On average, equities analysts anticipate that Rockwell Automation, Inc. will post $6.29 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Tuesday, February 21st will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Thursday, February 16th. Rockwell Automation’s dividend payout ratio (DPR) is presently 52.23%.
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Several research analysts have issued reports on ROK shares. Zacks Investment Research raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $171.00 target price for the company in a report on Friday, January 27th. Morgan Stanley upgraded shares of Rockwell Automation from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $136.00 to $145.00 in a report on Monday, January 9th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Rockwell Automation in a research report on Friday, October 21st. Cowen and Company reiterated a “market perform” rating and set a $120.00 target price (up from $102.00) on shares of Rockwell Automation in a research note on Tuesday, December 27th. Finally, Barclays PLC raised Rockwell Automation from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $118.00 to $141.00 in a report on Monday, October 24th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $130.36.
In other news, Director Keith D. Nosbusch sold 75,121 shares of the firm’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $151.96, for a total value of $11,415,387.16. Following the completion of the transaction, the director now directly owns 361,995 shares in the company, valued at $55,008,760.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John P. Mcdermott sold 418 shares of the firm’s stock in a transaction dated Monday, December 5th. The stock was sold at an average price of $136.02, for a total value of $56,856.36. Following the completion of the transaction, the insider now owns 37,147 shares of the company’s stock, valued at $5,052,734.94. The disclosure for this sale can be found here. Insiders have sold 215,771 shares of company stock worth $31,911,501 over the last three months. Corporate insiders own 1.65% of the company’s stock.
About Rockwell Automation
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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