Axa boosted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 15.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 433,363 shares of the industrial products company’s stock after acquiring an additional 56,835 shares during the quarter. Axa owned 0.34% of Rockwell Automation worth $77,229,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Keel Point LLC raised its position in Rockwell Automation by 0.3% during the second quarter. Keel Point LLC now owns 1,724 shares of the industrial products company’s stock valued at $279,000 after acquiring an additional 6 shares in the last quarter. Sfmg LLC lifted its position in Rockwell Automation by 0.4% during the second quarter. Sfmg LLC now owns 1,796 shares of the industrial products company’s stock worth $291,000 after buying an additional 8 shares in the last quarter. Westside Investment Management Inc. lifted its position in Rockwell Automation by 0.5% during the second quarter. Westside Investment Management Inc. now owns 1,666 shares of the industrial products company’s stock worth $274,000 after buying an additional 9 shares in the last quarter. Guyasuta Investment Advisors Inc. lifted its position in Rockwell Automation by 0.3% during the second quarter. Guyasuta Investment Advisors Inc. now owns 3,928 shares of the industrial products company’s stock worth $636,000 after buying an additional 10 shares in the last quarter. Finally, QS Investors LLC lifted its position in Rockwell Automation by 0.4% during the second quarter. QS Investors LLC now owns 2,907 shares of the industrial products company’s stock worth $471,000 after buying an additional 12 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.
In related news, CEO Blake D. Moret sold 5,309 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $190.75, for a total value of $1,012,691.75. Following the sale, the chief executive officer now owns 30,720 shares in the company, valued at approximately $5,859,840. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Elik I. Fooks sold 904 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $190.77, for a total value of $172,456.08. Following the transaction, the insider now directly owns 9,464 shares of the company’s stock, valued at $1,805,447.28. The disclosure for this sale can be found here. In the last quarter, insiders purchased 1,340 shares of company stock worth $137,336 and sold 10,770 shares worth $2,054,871. 1.65% of the stock is currently owned by insiders.
A number of equities analysts recently commented on the company. Stifel Nicolaus reiterated a “hold” rating and set a $198.00 price objective on shares of Rockwell Automation in a research report on Monday. Goldman Sachs Group reiterated a “neutral” rating and set a $193.00 price objective on shares of Rockwell Automation in a research report on Friday, December 8th. ValuEngine downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. J P Morgan Chase & Co assumed coverage on Rockwell Automation in a research report on Wednesday, November 29th. They issued a “neutral” rating on the stock. Finally, Oppenheimer restated a “hold” rating on shares of Rockwell Automation in a research report on Monday, November 20th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. Rockwell Automation has a consensus rating of “Hold” and an average target price of $167.87.
Rockwell Automation, Inc. (NYSE:ROK) traded down $2.01 during trading hours on Friday, reaching $189.45. The company’s stock had a trading volume of 629,600 shares, compared to its average volume of 872,333. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.80. The stock has a market capitalization of $24,603.17, a P/E ratio of 28.36, a P/E/G ratio of 2.15 and a beta of 1.23. Rockwell Automation, Inc. has a 12 month low of $133.61 and a 12 month high of $210.72.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.72 by ($0.03). The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Rockwell Automation had a net margin of 13.08% and a return on equity of 38.67%. Rockwell Automation’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.52 EPS. equities analysts expect that Rockwell Automation, Inc. will post 7.39 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Monday, November 13th were issued a $0.835 dividend. This represents a $3.34 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Friday, November 10th. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.76. Rockwell Automation’s payout ratio is currently 52.68%.
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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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