Capital Investment Advisors LLC reduced its stake in shares of Rockwell Automation, Inc. (NYSE:ROK – Free Report) by 4.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,931 shares of the industrial products company’s stock after selling 81 shares during the quarter. Capital Investment Advisors LLC’s holdings in Rockwell Automation were worth $552,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Gladstone Institutional Advisory LLC increased its stake in Rockwell Automation by 33.2% during the third quarter. Gladstone Institutional Advisory LLC now owns 1,377 shares of the industrial products company’s stock worth $370,000 after acquiring an additional 343 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Rockwell Automation during the third quarter worth approximately $912,000. Nomura Asset Management Co. Ltd. grew its stake in shares of Rockwell Automation by 6.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 34,209 shares of the industrial products company’s stock valued at $9,184,000 after buying an additional 1,928 shares during the last quarter. Vicus Capital bought a new position in shares of Rockwell Automation during the third quarter valued at approximately $304,000. Finally, Nordea Investment Management AB grew its stake in shares of Rockwell Automation by 5.9% during the fourth quarter. Nordea Investment Management AB now owns 462,537 shares of the industrial products company’s stock valued at $132,554,000 after buying an additional 25,882 shares during the last quarter. 75.75% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. Oppenheimer upped their target price on Rockwell Automation from $288.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. BNP Paribas assumed coverage on Rockwell Automation in a research note on Wednesday, November 13th. They set an “outperform” rating and a $345.00 target price on the stock. Jefferies Financial Group raised Rockwell Automation from a “hold” rating to a “buy” rating and upped their target price for the company from $290.00 to $350.00 in a research note on Thursday, December 12th. KeyCorp raised Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 target price on the stock in a research note on Monday, December 9th. Finally, HSBC raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price objective on the stock in a research note on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $301.61.
Rockwell Automation Stock Down 0.4 %
ROK stock opened at $275.85 on Thursday. The firm has a market cap of $31.18 billion, a PE ratio of 33.32, a PEG ratio of 3.12 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 1.08. The firm’s 50 day moving average price is $287.86 and its 200-day moving average price is $274.04. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $307.71.
Rockwell Automation (NYSE:ROK – Get Free Report) last posted its earnings results on Thursday, November 7th. The industrial products company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.07. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter last year, the firm earned $3.64 EPS. The firm’s revenue for the quarter was down 20.6% on a year-over-year basis. On average, equities research analysts anticipate that Rockwell Automation, Inc. will post 9.37 EPS for the current year.
Rockwell Automation Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were issued a $1.31 dividend. This represents a $5.24 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Monday, November 18th. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.25. Rockwell Automation’s dividend payout ratio (DPR) is 63.29%.
Insider Activity at Rockwell Automation
In other Rockwell Automation news, CEO Blake D. Moret sold 26,700 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $298.63, for a total value of $7,973,421.00. Following the completion of the transaction, the chief executive officer now owns 78,115 shares in the company, valued at $23,327,482.45. The trade was a 25.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Isaac Woods sold 895 shares of the business’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $274.72, for a total transaction of $245,874.40. Following the completion of the transaction, the vice president now owns 1,198 shares of the company’s stock, valued at approximately $329,114.56. This trade represents a 42.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,436 shares of company stock worth $10,832,549. Insiders own 0.68% of the company’s stock.
Rockwell Automation Profile
Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.
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