Lindbrook Capital LLC lifted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK – Get Rating) by 12.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 479 shares of the industrial products company's stock after buying an additional 52 shares during the period. Lindbrook Capital LLC's holdings in Rockwell Automation were worth $123,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Bailard Inc. increased its holdings in shares of Rockwell Automation by 49.0% during the third quarter. Bailard Inc. now owns 1,709 shares of the industrial products company's stock worth $368,000 after buying an additional 562 shares in the last quarter. Macquarie Group Ltd. increased its holdings in shares of Rockwell Automation by 12.1% during the third quarter. Macquarie Group Ltd. now owns 12,711 shares of the industrial products company's stock worth $2,734,000 after buying an additional 1,367 shares in the last quarter. Ameritas Advisory Services LLC increased its holdings in shares of Rockwell Automation by 2.5% during the third quarter. Ameritas Advisory Services LLC now owns 4,544 shares of the industrial products company's stock worth $977,000 after buying an additional 111 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Rockwell Automation by 15.5% during the third quarter. California Public Employees Retirement System now owns 261,836 shares of the industrial products company's stock worth $56,324,000 after buying an additional 35,222 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Rockwell Automation by 1.8% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 70,778 shares of the industrial products company's stock worth $15,225,000 after buying an additional 1,284 shares in the last quarter. 77.66% of the stock is currently owned by institutional investors and hedge funds.
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Insider Transactions at Rockwell Automation
In other news, VP Scott Genereux sold 943 shares of the stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $286.05, for a total transaction of $269,745.15. Following the transaction, the vice president now owns 3,876 shares of the company's stock, valued at approximately $1,108,729.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Tessa M. Myers sold 4,534 shares of the stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $290.49, for a total transaction of $1,317,081.66. Following the transaction, the senior vice president now owns 1,206 shares of the company's stock, valued at approximately $350,330.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Scott Genereux sold 943 shares of the stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $286.05, for a total transaction of $269,745.15. Following the transaction, the vice president now directly owns 3,876 shares in the company, valued at approximately $1,108,729.80. The disclosure for this sale can be found here. Insiders have sold 10,730 shares of company stock valued at $3,112,032 in the last 90 days. 0.64% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the stock. Wells Fargo & Company upped their price target on shares of Rockwell Automation from $233.00 to $249.00 and gave the stock an "underweight" rating in a report on Thursday, January 19th. Robert W. Baird increased their price objective on Rockwell Automation from $285.00 to $292.00 and gave the company an "outperform" rating in a report on Friday, January 27th. Morgan Stanley restated an "overweight" rating and issued a $335.00 price objective on shares of Rockwell Automation in a report on Tuesday, February 14th. Bank of America downgraded Rockwell Automation from a "buy" rating to a "neutral" rating in a report on Monday, December 12th. Finally, Loop Capital increased their price objective on Rockwell Automation from $258.00 to $285.00 in a report on Tuesday, January 31st. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, Rockwell Automation presently has a consensus rating of "Hold" and an average price target of $263.24.
Rockwell Automation Stock Performance
Shares of ROK opened at $273.17 on Thursday. The company has a current ratio of 1.03, a quick ratio of 0.69 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $31.35 billion, a P/E ratio of 29.60, a price-to-earnings-growth ratio of 2.68 and a beta of 1.43. The firm's fifty day simple moving average is $288.27 and its two-hundred day simple moving average is $264.92. Rockwell Automation, Inc. has a 12 month low of $190.08 and a 12 month high of $309.36.
Rockwell Automation (NYSE:ROK – Get Rating) last issued its quarterly earnings results on Thursday, January 26th. The industrial products company reported $2.46 EPS for the quarter, beating analysts' consensus estimates of $1.81 by $0.65. The business had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.93 billion. Rockwell Automation had a net margin of 13.63% and a return on equity of 38.70%. The business's quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.14 earnings per share. As a group, analysts predict that Rockwell Automation, Inc. will post 11.21 EPS for the current year.
Rockwell Automation Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 12th. Stockholders of record on Monday, May 15th will be given a dividend of $1.18 per share. This represents a $4.72 dividend on an annualized basis and a dividend yield of 1.73%. Rockwell Automation's dividend payout ratio (DPR) is presently 51.14%.
Rockwell Automation Company Profile
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Rockwell Automation, Inc engages in the provision of industrial automation and information services. It operates through the following segments: Intelligent Devices, Software and Control, and Lifecycle Services. The Intelligent Devices segment combines a comprehensive portfolio of smart products that create the foundation of an agile, resilient, and sustainable production system.
Further Reading
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