Somerville Kurt F cut its position in Rockwell Automation (NYSE:ROK) by 10.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 64,279 shares of the industrial products company’s stock after selling 7,164 shares during the period. Rockwell Automation comprises about 2.6% of Somerville Kurt F’s portfolio, making the stock its 18th biggest holding. Somerville Kurt F’s holdings in Rockwell Automation were worth $12,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board boosted its stake in Rockwell Automation by 0.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 231,974 shares of the industrial products company’s stock valued at $41,340,000 after purchasing an additional 1,219 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in Rockwell Automation in the 3rd quarter valued at $186,000. Frontier Investment Mgmt Co. bought a new stake in Rockwell Automation in the 2nd quarter valued at $620,000. Oregon Public Employees Retirement Fund boosted its stake in Rockwell Automation by 11.5% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 56,252 shares of the industrial products company’s stock valued at $10,025,000 after purchasing an additional 5,803 shares during the period. Finally, Oakbrook Investments LLC boosted its stake in Rockwell Automation by 42.6% in the 3rd quarter. Oakbrook Investments LLC now owns 11,625 shares of the industrial products company’s stock valued at $2,072,000 after purchasing an additional 3,475 shares during the period. Institutional investors and hedge funds own 72.75% of the company’s stock.
Rockwell Automation (NYSE:ROK) opened at $184.56 on Tuesday. The firm has a market capitalization of $24,792.81, a price-to-earnings ratio of 27.88, a price-to-earnings-growth ratio of 2.19 and a beta of 1.17. The company has a quick ratio of 1.73, a current ratio of 1.98 and a debt-to-equity ratio of 0.57. Rockwell Automation has a fifty-two week low of $147.67 and a fifty-two week high of $210.72.
Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $1.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.22. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Rockwell Automation had a return on equity of 39.45% and a net margin of 5.85%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.75 EPS. equities research analysts anticipate that Rockwell Automation will post 7.79 earnings per share for the current fiscal year.
Rockwell Automation declared that its board has approved a share repurchase program on Wednesday, January 24th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the industrial products company to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.
In other news, insider Theodore D. Crandall sold 23,600 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $200.71, for a total transaction of $4,736,756.00. Following the completion of the transaction, the insider now owns 113,977 shares of the company’s stock, valued at approximately $22,876,323.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Robert B. Murphy sold 696 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $200.00, for a total value of $139,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 70,866 shares of company stock valued at $14,176,791 in the last three months. 1.28% of the stock is owned by insiders.
Several analysts recently issued reports on the company. UBS Group assumed coverage on Rockwell Automation in a research note on Monday, January 22nd. They issued a “buy” rating for the company. downgraded Rockwell Automation from a “hold” rating to a “reduce” rating in a research note on Thursday, November 2nd. Citigroup reduced their price target on Rockwell Automation from $214.00 to $209.00 and set a “neutral” rating for the company in a research note on Thursday, January 25th. Wells Fargo & Co lifted their price objective on Rockwell Automation from $190.00 to $200.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. Finally, Morgan Stanley lifted their price objective on Rockwell Automation from $194.00 to $206.00 and gave the company an “equal weight” rating in a report on Thursday, January 25th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $183.15.
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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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