Delaney Dennis R grew its stake in shares of Rockwell Automation (NYSE:ROK) by 40.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,675 shares of the industrial products company’s stock after acquiring an additional 3,085 shares during the period. Rockwell Automation comprises approximately 2.8% of Delaney Dennis R’s investment portfolio, making the stock its 15th biggest holding. Delaney Dennis R’s holdings in Rockwell Automation were worth $2,097,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Cerebellum GP LLC bought a new stake in shares of Rockwell Automation during the fourth quarter valued at approximately $130,000. Valeo Financial Advisors LLC bought a new stake in shares of Rockwell Automation during the third quarter valued at approximately $131,000. Rockefeller Financial Services Inc. bought a new stake in shares of Rockwell Automation during the third quarter valued at approximately $143,000. Gofen & Glossberg LLC IL bought a new stake in shares of Rockwell Automation during the fourth quarter valued at approximately $202,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Rockwell Automation during the third quarter valued at approximately $186,000. 72.75% of the stock is owned by hedge funds and other institutional investors.
Rockwell Automation (NYSE:ROK) opened at $184.56 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.73 and a current ratio of 1.98. Rockwell Automation has a 1-year low of $147.55 and a 1-year high of $210.72. The stock has a market cap of $23,720.00, a P/E ratio of 64.76, a P/E/G ratio of 2.19 and a beta of 1.17.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $1.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.22. Rockwell Automation had a net margin of 5.85% and a return on equity of 39.45%. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period in the previous year, the company earned $1.75 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. equities analysts predict that Rockwell Automation will post 7.79 EPS for the current year.
Rockwell Automation declared that its board has initiated a stock buyback program on Wednesday, January 24th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
In other Rockwell Automation news, VP Robert B. Murphy sold 696 shares of Rockwell Automation stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $200.00, for a total value of $139,200.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Lawrence D. Kingsley purchased 375 shares of the business’s stock in a transaction on Sunday, November 12th. The stock was purchased at an average cost of $104.00 per share, for a total transaction of $39,000.00. Following the completion of the acquisition, the director now directly owns 5,421 shares of the company’s stock, valued at approximately $563,784. The disclosure for this purchase can be found here. Insiders sold 70,866 shares of company stock worth $14,176,791 over the last ninety days. Corporate insiders own 1.28% of the company’s stock.
ROK has been the subject of several research analyst reports. Wells Fargo & Co lifted their price target on shares of Rockwell Automation from $190.00 to $200.00 and gave the company a “market perform” rating in a research note on Thursday, January 25th. Wolfe Research raised shares of Rockwell Automation from a “market perform” rating to an “outperform” rating in a research note on Monday, November 20th. Oppenheimer reaffirmed a “hold” rating on shares of Rockwell Automation in a research note on Thursday, November 9th. Daiwa Capital Markets initiated coverage on shares of Rockwell Automation in a research note on Wednesday, December 20th. They set a “neutral” rating and a $199.00 price target for the company. Finally, Morgan Stanley lifted their price target on shares of Rockwell Automation from $194.00 to $206.00 and gave the company an “equal weight” rating in a research note on Thursday, January 25th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. Rockwell Automation has an average rating of “Hold” and a consensus target price of $183.15.
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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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