Cleararc Capital Inc. increased its position in Rockwell Automation, Inc. (NYSE:ROK) by 11.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 3,466 shares of the industrial products company’s stock after buying an additional 347 shares during the period. Cleararc Capital Inc.’s holdings in Rockwell Automation were worth $540,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp boosted its position in shares of Rockwell Automation by 385.0% in the first quarter. Fifth Third Bancorp now owns 28,331 shares of the industrial products company’s stock worth $4,411,000 after buying an additional 22,490 shares in the last quarter. Wexford Capital LP boosted its position in shares of Rockwell Automation by 1,006.0% in the first quarter. Wexford Capital LP now owns 19,632 shares of the industrial products company’s stock worth $3,057,000 after buying an additional 17,857 shares in the last quarter. Financial Counselors Inc. bought a new position in shares of Rockwell Automation during the first quarter worth approximately $271,000. Teacher Retirement System of Texas boosted its position in shares of Rockwell Automation by 28.8% in the first quarter. Teacher Retirement System of Texas now owns 94,437 shares of the industrial products company’s stock worth $14,705,000 after buying an additional 21,089 shares in the last quarter. Finally, American Trust Investment Advisors LLC bought a new position in shares of Rockwell Automation during the first quarter worth approximately $226,000. 73.94% of the stock is currently owned by institutional investors.
Rockwell Automation, Inc. (NYSE:ROK) traded down 0.59% on Tuesday, reaching $163.09. The company had a trading volume of 205,751 shares. The firm has a market capitalization of $21.01 billion, a P/E ratio of 27.22 and a beta of 1.08. Rockwell Automation, Inc. has a 1-year low of $107.17 and a 1-year high of $165.39. The company’s 50-day moving average price is $158.61 and its 200 day moving average price is $150.58.
Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, April 26th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.15. Rockwell Automation had a net margin of 12.88% and a return on equity of 39.71%. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the company earned $1.37 EPS. Rockwell Automation’s revenue was up 7.9% compared to the same quarter last year. On average, equities analysts forecast that Rockwell Automation, Inc. will post $6.64 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be paid a $0.76 dividend. The ex-dividend date is Thursday, August 10th. This represents a $3.04 annualized dividend and a dividend yield of 1.85%. Rockwell Automation’s dividend payout ratio (DPR) is 50.75%.
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A number of brokerages recently commented on ROK. Morgan Stanley raised their target price on Rockwell Automation from $153.00 to $167.00 and gave the stock an “equal weight” rating in a report on Friday, April 28th. Stifel Nicolaus raised their target price on Rockwell Automation from $159.00 to $167.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Barclays PLC set a $176.00 target price on Rockwell Automation and gave the stock a “buy” rating in a report on Wednesday, April 26th. Credit Suisse Group reaffirmed a “hold” rating and issued a $155.00 target price on shares of Rockwell Automation in a report on Thursday, April 27th. Finally, Gabelli raised Rockwell Automation from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $141.50.
In other news, Director William T. Jr/Wi Mccormick sold 432 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $158.07, for a total value of $68,286.24. Following the completion of the sale, the director now owns 9,109 shares of the company’s stock, valued at approximately $1,439,859.63. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Steven W. Etzel sold 3,000 shares of the 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 of the company’s stock, valued at approximately $1,500,581.10. The disclosure for this sale can be found here. In the last three months, insiders sold 129,605 shares of company stock valued at $20,469,855. Corporate 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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