WINTON GROUP Ltd Invests $5.07 Million in Rockwell Automation, Inc. (ROK)

WINTON GROUP Ltd bought a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 41,451 shares of the industrial products company’s stock, valued at approximately $5,071,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FDO Partners LLC increased its position in shares of Rockwell Automation by 238.5% in the first quarter. FDO Partners LLC now owns 20,004 shares of the industrial products company’s stock worth $3,115,000 after buying an additional 14,094 shares during the period. Westside Investment Management Inc. increased its position in shares of Rockwell Automation by 969.0% in the first quarter. Westside Investment Management Inc. now owns 1,657 shares of the industrial products company’s stock worth $257,000 after buying an additional 1,502 shares during the period. Marietta Investment Partners LLC increased its position in shares of Rockwell Automation by 6.1% in the first quarter. Marietta Investment Partners LLC now owns 2,394 shares of the industrial products company’s stock worth $373,000 after buying an additional 138 shares during the period. TIAA CREF Investment Management LLC increased its position in shares of Rockwell Automation by 89.5% in the first quarter. TIAA CREF Investment Management LLC now owns 963,764 shares of the industrial products company’s stock worth $150,068,000 after buying an additional 455,217 shares during the period. Finally, Teachers Advisors LLC increased its position in shares of Rockwell Automation by 99.6% in the first quarter. Teachers Advisors LLC now owns 581,838 shares of the industrial products company’s stock worth $90,598,000 after buying an additional 290,352 shares during the period. Hedge funds and other institutional investors own 73.95% of the company’s stock.

Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

Rockwell Automation, Inc. (ROK) traded up 1.54% during trading on Friday, hitting $164.09. The company had a trading volume of 1,112,024 shares. The stock has a 50-day moving average of $158.42 and a 200-day moving average of $150.13. Rockwell Automation, Inc. has a one year low of $107.17 and a one year high of $165.00. The stock has a market capitalization of $21.14 billion, a PE ratio of 27.39 and a beta of 1.08.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.15. Rockwell Automation had a return on equity of 39.71% and a net margin of 12.88%. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the company posted $1.37 earnings per share. Rockwell Automation’s quarterly revenue was up 7.9% on a year-over-year basis. On average, equities analysts anticipate that Rockwell Automation, Inc. will post $6.64 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, August 10th. Rockwell Automation’s payout ratio is currently 50.75%.

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A number of research analysts have commented on the company. Morgan Stanley boosted their target price on Rockwell Automation from $153.00 to $167.00 and gave the company an “equal weight” rating in a research note on Friday, April 28th. Stifel Nicolaus boosted their price target on Rockwell Automation from $159.00 to $167.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Barclays PLC set a $176.00 price target on Rockwell Automation and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Credit Suisse Group reaffirmed a “hold” rating and issued a $155.00 price target on shares of Rockwell Automation in a research report on Thursday, April 27th. Finally, Gabelli raised Rockwell Automation from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. Rockwell Automation currently has a consensus rating of “Hold” and an average price target of $141.50.

In related news, SVP Sujeet Chand sold 9,500 shares of Rockwell Automation stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 46,873 shares in the company, valued at $7,486,555.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kenneth M. Champa sold 5,000 shares of Rockwell Automation stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $159.08, for a total value of $795,400.00. Following the transaction, the insider now owns 8,169 shares of the company’s stock, valued at approximately $1,299,524.52. The disclosure for this sale can be found here. Insiders have sold 129,605 shares of company stock valued at $20,469,855 in the last quarter. 1.65% of the stock is currently owned by corporate insiders.

Rockwell Automation Company Profile

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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