Rockwell Automation Inc. (ROK) Stake Maintained by Banque Pictet & Cie SA
Banque Pictet & Cie SA maintained its position in shares of Rockwell Automation Inc. (NYSE:ROK) during the third quarter, Holdings Channel reports. The fund owned 12,400 shares of the company’s stock at the end of the third quarter. Banque Pictet & Cie SA’s holdings in Rockwell Automation were worth $1,517,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently made changes to their positions in ROK. Euclid Advisors LLC purchased a new position in shares of Rockwell Automation during the first quarter valued at approximately $874,000. First Republic Investment Management Inc. raised its position in shares of Rockwell Automation by 70.3% in the first quarter. First Republic Investment Management Inc. now owns 33,378 shares of the company’s stock valued at $3,798,000 after buying an additional 13,781 shares during the period. BlueMountain Capital Management LLC raised its position in shares of Rockwell Automation by 60.9% in the first quarter. BlueMountain Capital Management LLC now owns 6,580 shares of the company’s stock valued at $748,000 after buying an additional 2,490 shares during the period. Boothbay Fund Management LLC purchased a new position in shares of Rockwell Automation during the first quarter valued at approximately $355,000. Finally, M. Kraus & Co raised its position in shares of Rockwell Automation by 1.8% in the second quarter. M. Kraus & Co now owns 32,613 shares of the company’s stock valued at $3,745,000 after buying an additional 575 shares during the period. Hedge funds and other institutional investors own 72.07% of the company’s stock.
Rockwell Automation Inc. (NYSE:ROK) traded up 0.64% on Tuesday, hitting $131.34. The stock had a trading volume of 851,937 shares. Rockwell Automation Inc. has a 1-year low of $87.53 and a 1-year high of $133.68. The stock’s 50-day moving average is $123.40 and its 200 day moving average is $118.30. The firm has a market capitalization of $16.84 billion, a price-to-earnings ratio of 23.62 and a beta of 1.00.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Monday, November 7th. The company reported $1.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.03. Rockwell Automation had a return on equity of 36.34% and a net margin of 12.41%. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the firm posted $1.57 earnings per share. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, equities research analysts predict that Rockwell Automation Inc. will post $6.06 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Monday, November 14th will be paid a dividend of $0.76 per share. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.73. This represents a $3.04 annualized dividend and a yield of 2.31%. The ex-dividend date is Wednesday, November 9th. Rockwell Automation’s payout ratio is presently 54.58%.
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ROK has been the topic of several recent research reports. Morgan Stanley set a $109.00 price objective on Rockwell Automation and gave the company a “sell” rating in a research report on Wednesday, September 28th. Sanford C. Bernstein upgraded Rockwell Automation from an “underperform” rating to a “market perform” rating and raised their price target for the stock from $105.00 to $121.00 in a research report on Friday, September 30th. Berenberg Bank started coverage on Rockwell Automation in a research report on Monday, October 3rd. They set a “sell” rating and a $110.00 price target on the stock. Zacks Investment Research lowered Rockwell Automation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Finally, HSBC started coverage on Rockwell Automation in a research report on Friday, October 7th. They set a “hold” rating and a $108.00 price target on the stock. Four analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. Rockwell Automation currently has a consensus rating of “Hold” and a consensus target price of $109.83.
In other news, Director William T. Jr/Wi Mccormick sold 455 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $132.68, for a total transaction of $60,369.40. Following the transaction, the director now owns 10,822 shares of the company’s stock, valued at $1,435,862.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Theodore D. Crandall sold 11,300 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $125.40, for a total value of $1,417,020.00. Following the transaction, the chief financial officer now directly owns 106,131 shares in the company, valued at approximately $13,308,827.40. The disclosure for this sale can be found here. Company insiders own 1.54% of the company’s stock.
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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