Fayez Sarofim & Co increased its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 3.4% during the first quarter, Holdings Channel reports. The institutional investor owned 3,000 shares of the industrial products company’s stock after buying an additional 100 shares during the period. Fayez Sarofim & Co’s holdings in Rockwell Automation were worth $467,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its stake in Rockwell Automation by 22.8% in the first quarter. PNC Financial Services Group Inc. now owns 167,952 shares of the industrial products company’s stock worth $26,151,000 after buying an additional 31,209 shares in the last quarter. Laurion Capital Management LP bought a new stake in Rockwell Automation during the first quarter worth about $685,000. WINTON GROUP Ltd bought a new stake in Rockwell Automation during the first quarter worth about $5,071,000. FDO Partners LLC boosted its stake in 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 in the last quarter. Finally, Westside Investment Management Inc. boosted its stake in 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 in the last quarter. 73.95% of the stock is currently owned by hedge funds and other institutional investors.
Rockwell Automation, Inc. (NYSE ROK) traded up 1.54% on Friday, hitting $164.09. The stock had a trading volume of 1,112,024 shares. The stock has a market cap of $21.14 billion, a price-to-earnings ratio of 27.39 and a beta of 1.08. The stock’s 50 day moving average is $158.42 and its 200 day moving average is $150.13. Rockwell Automation, Inc. 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 analysts’ consensus estimates of $1.40 by $0.15. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.48 billion. Rockwell Automation had a return on equity of 39.71% and a net margin of 12.88%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.37 earnings per share. Analysts anticipate that Rockwell Automation, Inc. will post $6.64 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend 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 equities research analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of 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 lifted their target price on shares of Rockwell Automation from $159.00 to $167.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Barclays PLC set a $176.00 target price on shares of Rockwell Automation and gave the stock a “buy” rating in a research note on Wednesday, April 26th. Credit Suisse Group reaffirmed a “hold” rating and set a $155.00 target price on shares of Rockwell Automation in a research note on Thursday, April 27th. Finally, Gabelli raised shares of Rockwell Automation from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. Rockwell Automation presently has an average rating of “Hold” and a consensus target price of $141.50.
In related news, SVP Sujeet Chand sold 9,500 shares of the stock in a transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Keith D. Nosbusch sold 20,000 shares of the stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $157.50, for a total value of $3,150,000.00. Following the sale, the director now directly owns 411,286 shares in the company, valued at approximately $64,777,545. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 129,605 shares of company stock worth $20,469,855. Corporate insiders own 1.65% of the company’s stock.
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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