Jacobus Wealth Management Inc. bought a new position in Rockwell Automation (NYSE:ROK) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 665 shares of the industrial products company’s stock, valued at approximately $104,000.
Several other hedge funds have also recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. boosted its stake in Rockwell Automation by 18.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,644 shares of the industrial products company’s stock worth $2,099,000 after buying an additional 2,386 shares during the period. FNY Partners Fund LP purchased a new stake in Rockwell Automation during the fourth quarter worth approximately $672,000. State Street Corp boosted its stake in Rockwell Automation by 5.1% in the fourth quarter. State Street Corp now owns 5,673,347 shares of the industrial products company’s stock worth $762,494,000 after buying an additional 275,293 shares during the period. First Allied Advisory Services Inc. purchased a new stake in Rockwell Automation during the fourth quarter worth approximately $221,000. Finally, Janus Capital Management LLC boosted its stake in Rockwell Automation by 30.6% in the fourth quarter. Janus Capital Management LLC now owns 379,994 shares of the industrial products company’s stock worth $51,071,000 after buying an additional 88,938 shares during the period. Institutional investors and hedge funds own 72.56% of the company’s stock.
Shares of Rockwell Automation (ROK) traded down 0.31% during midday trading on Tuesday, hitting $161.66. The stock had a trading volume of 316,569 shares. The firm has a 50 day moving average of $156.88 and a 200-day moving average of $148.59. The company has a market cap of $20.83 billion, a P/E ratio of 26.98 and a beta of 1.07. Rockwell Automation has a one year low of $107.17 and a one year high of $165.00.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, April 26th. The industrial products company reported $1.55 EPS for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.15. Rockwell Automation had a net margin of 12.77% and a return on equity of 38.57%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the business earned $1.37 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts forecast that Rockwell Automation will post $6.64 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 12th. Investors of record on Monday, May 15th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, May 11th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.87%. Rockwell Automation’s dividend payout ratio is presently 52.23%.
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A number of analysts have recently commented on ROK shares. Berenberg Bank reiterated a “sell” rating and set a $125.00 target price on shares of Rockwell Automation in a research report on Wednesday, February 22nd. Credit Suisse Group AG restated a “hold” rating and issued a $155.00 price target on shares of Rockwell Automation in a research report on Thursday, April 27th. Stifel Nicolaus boosted their price target on Rockwell Automation from $159.00 to $167.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Gabelli upgraded Rockwell Automation from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Finally, Barclays PLC set a $176.00 price target on Rockwell Automation and gave the company a “buy” rating in a research report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $141.50.
In related news, VP Steven W. Etzel sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $158.54, for a total transaction of $475,620.00. Following the completion of the sale, the vice president now directly owns 9,465 shares in the company, valued at $1,500,581.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Sujeet Chand sold 9,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $159.72, for a total transaction of $1,517,340.00. Following the sale, the senior vice president now owns 46,873 shares of the company’s stock, valued at $7,486,555.56. The disclosure for this sale can be found here. Insiders have sold 129,605 shares of company stock worth $20,469,855 in the last quarter. Company 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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