Tower Research Capital LLC TRC grew its holdings in Rockwell Automation (NYSE:ROK) by 3,463.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,708 shares of the industrial products company’s stock after buying an additional 2,632 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Rockwell Automation were worth $532,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Cerebellum GP LLC acquired a new stake in shares of Rockwell Automation in the fourth quarter valued at $130,000. Valeo Financial Advisors LLC acquired a new stake in Rockwell Automation in the third quarter worth about $131,000. Rockefeller Financial Services Inc. acquired a new stake in Rockwell Automation in the third quarter worth about $143,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Rockwell Automation in the third quarter worth about $186,000. Finally, Foundry Partners LLC acquired a new stake in Rockwell Automation in the third quarter worth about $200,000. Institutional investors own 72.36% of the company’s stock.
In other news, insider John P. Mcdermott sold 1,950 shares of Rockwell Automation stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $187.08, for a total transaction of $364,806.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Frank C. Kulaszewicz sold 43,100 shares of Rockwell Automation stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $177.68, for a total value of $7,658,008.00. Following the transaction, the senior vice president now owns 35,338 shares in the company, valued at approximately $6,278,855.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 120,347 shares of company stock worth $23,031,614. Company insiders own 1.28% of the company’s stock.
Rockwell Automation (NYSE:ROK) opened at $184.67 on Wednesday. The company has a current ratio of 1.98, a quick ratio of 1.73 and a debt-to-equity ratio of 0.57. Rockwell Automation has a 1-year low of $148.31 and a 1-year high of $210.72. The stock has a market capitalization of $23,711.60, a PE ratio of 64.80, a price-to-earnings-growth ratio of 2.09 and a beta of 1.17.
Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, January 24th. The industrial products company reported $1.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.22. Rockwell Automation had a return on equity of 39.45% and a net margin of 5.85%. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter last year, the business earned $1.75 earnings per share. The company’s revenue was up 6.5% compared to the same quarter last year. sell-side analysts expect that Rockwell Automation will post 7.79 EPS for the current year.
Rockwell Automation declared that its board has authorized a stock buyback plan on Wednesday, January 24th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Tuesday, February 20th will be issued a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Friday, February 16th. Rockwell Automation’s dividend payout ratio (DPR) is currently 117.19%.
A number of analysts recently commented on ROK shares. JPMorgan Chase & Co. started coverage on Rockwell Automation in a research report on Wednesday, November 29th. They issued a “neutral” rating for the company. Wolfe Research upgraded Rockwell Automation from a “market perform” rating to an “outperform” rating in a research report on Monday, November 20th. Daiwa Capital Markets started coverage on Rockwell Automation in a research report on Wednesday, December 20th. They issued a “neutral” rating and a $199.00 price objective for the company. Citigroup lowered their price objective on Rockwell Automation from $214.00 to $209.00 and set a “neutral” rating for the company in a research report on Thursday, January 25th. Finally, Oppenheimer reiterated a “hold” rating on shares of Rockwell Automation in a research report on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $185.00.
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Rockwell Automation 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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