MainStreet Investment Advisors LLC Increases Stock Position in Rockwell Automation (NYSE:ROK)

MainStreet Investment Advisors LLC grew its stake in shares of Rockwell Automation (NYSE:ROK) by 12.1% during the first quarter, HoldingsChannel.com reports. The fund owned 3,076 shares of the industrial products company’s stock after buying an additional 332 shares during the quarter. MainStreet Investment Advisors LLC’s holdings in Rockwell Automation were worth $464,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Hellman Jordan Management Co. Inc. MA raised its stake in Rockwell Automation by 1.0% during the 4th quarter. Hellman Jordan Management Co. Inc. MA now owns 5,050 shares of the industrial products company’s stock worth $1,023,000 after acquiring an additional 50 shares during the period. Tiedemann Advisors LLC raised its stake in Rockwell Automation by 0.9% during the 1st quarter. Tiedemann Advisors LLC now owns 6,575 shares of the industrial products company’s stock worth $992,000 after acquiring an additional 57 shares during the period. HighPoint Advisor Group LLC raised its stake in Rockwell Automation by 2.3% during the 1st quarter. HighPoint Advisor Group LLC now owns 2,654 shares of the industrial products company’s stock worth $463,000 after acquiring an additional 59 shares during the period. Pinnacle Wealth Management Advisory Group LLC raised its stake in Rockwell Automation by 4.4% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,435 shares of the industrial products company’s stock worth $291,000 after acquiring an additional 60 shares during the period. Finally, Nissay Asset Management Corp Japan ADV raised its position in shares of Rockwell Automation by 0.3% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 19,456 shares of the industrial products company’s stock valued at $2,936,000 after buying an additional 67 shares during the last quarter. 75.30% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Steven W. Etzel sold 1,200 shares of Rockwell Automation stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $205.50, for a total transaction of $246,600.00. Following the completion of the sale, the vice president now directly owns 10,123 shares in the company, valued at $2,080,276.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James Phillip Holloman sold 1,582 shares of Rockwell Automation stock in a transaction on Friday, May 8th. The stock was sold at an average price of $194.34, for a total value of $307,445.88. The disclosure for this sale can be found here. Insiders have sold 6,882 shares of company stock valued at $1,399,999 over the last ninety days. 0.77% of the stock is owned by insiders.

ROK has been the topic of several recent analyst reports. Vertical Research cut shares of Rockwell Automation from a “hold” rating to a “sell” rating and set a $120.00 price objective on the stock. in a research report on Tuesday, March 31st. Rosenblatt Securities cut shares of Rockwell Automation from a “neutral” rating to a “sell” rating and lifted their price objective for the company from $155.00 to $173.00 in a research report on Wednesday, April 29th. UBS Group lifted their price objective on shares of Rockwell Automation from $161.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Stephens lifted their price objective on shares of Rockwell Automation from $213.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, Barclays lifted their price objective on shares of Rockwell Automation from $175.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $185.24.

NYSE ROK traded down $1.54 on Friday, hitting $202.19. 734,489 shares of the stock were exchanged, compared to its average volume of 1,161,258. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.21 and a current ratio of 1.57. The stock has a fifty day moving average price of $177.30 and a two-hundred day moving average price of $187.16. The firm has a market capitalization of $23.60 billion, a P/E ratio of 22.76, a P/E/G ratio of 4.48 and a beta of 1.47. Rockwell Automation has a 52-week low of $115.38 and a 52-week high of $209.60.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.43 EPS for the quarter, topping the consensus estimate of $1.82 by $0.61. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.61 billion. Rockwell Automation had a net margin of 10.54% and a return on equity of 118.85%. Rockwell Automation’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.04 earnings per share. Sell-side analysts expect that Rockwell Automation will post 7.18 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Monday, May 18th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.02%. The ex-dividend date is Friday, May 15th. Rockwell Automation’s payout ratio is 47.06%.

Rockwell Automation Company Profile

Rockwell Automation, Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

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

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