Rockwell Automation, Inc. (ROK) Shares Bought by Fayez Sarofim & Co

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.

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

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%.

ILLEGAL ACTIVITY NOTICE: “Rockwell Automation, Inc. (ROK) Shares Bought by Fayez Sarofim & Co” was first published by WKRB News and is owned by of WKRB News. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://www.wkrb13.com/markets/2230452/rockwell-automation-inc-rok-shares-bought-by-fayez-sarofim-co.html.

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.

Want to see what other hedge funds are holding ROK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rockwell Automation, Inc. (NYSE:ROK).

This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2230452/rockwell-automation-inc-rok-shares-bought-by-fayez-sarofim-co.html

Receive News & Ratings for Rockwell Automation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 


Leave a Reply

 
© 2006-2017 WKRB News.