Gardiner Nancy B boosted its position in Rockwell Automation, Inc. (NYSE:ROK) by 27.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,749 shares of the company’s stock after buying an additional 1,459 shares during the period. Rockwell Automation accounts for approximately 2.1% of Gardiner Nancy B’s investment portfolio, making the stock its 18th largest position. Gardiner Nancy B’s holdings in Rockwell Automation were worth $825,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Credit Suisse AG raised its position in Rockwell Automation by 49.5% in the third quarter. Credit Suisse AG now owns 930,405 shares of the company’s stock worth $113,825,000 after buying an additional 308,264 shares in the last quarter. Robecosam AG raised its position in Rockwell Automation by 50.1% in the third quarter. Robecosam AG now owns 130,730 shares of the company’s stock worth $15,311,000 after buying an additional 43,659 shares in the last quarter. Eaton Vance Management raised its position in 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 in the last quarter. Lombard Odier Asset Management Europe Ltd purchased a new position in Rockwell Automation during the third quarter worth approximately $232,000. Finally, Dean Investment Associates LLC raised its position in Rockwell Automation by 0.9% in the third quarter. Dean Investment Associates LLC now owns 3,994 shares of the company’s stock worth $489,000 after buying an additional 37 shares in the last quarter. 72.56% of the stock is owned by hedge funds and other institutional investors.
Shares of Rockwell Automation, Inc. (NYSE:ROK) opened at 151.45 on Monday. The firm has a market cap of $19.48 billion, a price-to-earnings ratio of 26.08 and a beta of 1.07. Rockwell Automation, Inc. has a 1-year low of $96.34 and a 1-year high of $155.44. The company has a 50 day moving average of $143.10 and a 200 day moving average of $127.34.
Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, January 25th. The company reported $1.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.30. Rockwell Automation had a net margin of 12.77% and a return on equity of 38.57%. The firm earned $1.49 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the firm earned $1.49 earnings per share. The business’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities analysts forecast that Rockwell Automation, Inc. will post $6.29 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 10th. Shareholders of record on Tuesday, February 21st will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 2.01%. The ex-dividend date is Thursday, February 16th. Rockwell Automation’s payout ratio is presently 52.23%.
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A number of equities analysts recently commented on the stock. Gabelli lowered shares of Rockwell Automation from a “hold” rating to a “sell” rating and set a $150.00 price objective for the company. in a research note on Friday, January 27th. 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 research note on Friday, January 27th. Barclays PLC lifted their target price on shares of Rockwell Automation from $144.00 to $166.00 and gave the company an “overweight” rating in a research note on Thursday, January 26th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Rockwell Automation in a research note on Wednesday, January 25th. Finally, Buckingham Research raised shares of Rockwell Automation from a “neutral” rating to a “buy” rating and set a $162.00 target price for the company in a research note on Friday, January 20th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. Rockwell Automation currently has a consensus rating of “Hold” and an average price target of $130.36.
In other Rockwell Automation news, SVP Sujeet Chand sold 9,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $131.95, for a total value of $1,213,940.00. Following the completion of the sale, the senior vice president now owns 2,200 shares of the company’s stock, valued at $290,290. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Frank C. Kulaszewicz sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $131.68, for a total transaction of $197,520.00. Following the completion of the sale, the senior vice president now directly owns 27,740 shares of the company’s stock, valued at approximately $3,652,803.20. The disclosure for this sale can be found here. Insiders sold 192,350 shares of company stock valued at $27,164,236 in the last ninety days. 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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