Delta Lloyd NV Holds Position in Rockwell Automation Inc. (ROK)
Delta Lloyd NV maintained its stake in shares of Rockwell Automation Inc. (NYSE:ROK) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,653 shares of the company’s stock at the end of the third quarter. Delta Lloyd NV’s holdings in Rockwell Automation were worth $1,548,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Hall Laurie J Trustee raised its stake in shares of Rockwell Automation by 30.5% in the second quarter. Hall Laurie J Trustee now owns 1,990 shares of the company’s stock valued at $234,000 after buying an additional 465 shares during the last quarter. Saddle Road Partners LLC raised its stake in shares of Rockwell Automation by 3.6% in the second quarter. Saddle Road Partners LLC now owns 31,581 shares of the company’s stock valued at $3,626,000 after buying an additional 1,090 shares during the last quarter. Creative Planning raised its stake in shares of Rockwell Automation by 44.6% in the second quarter. Creative Planning now owns 16,227 shares of the company’s stock valued at $1,863,000 after buying an additional 5,008 shares during the last quarter. Cabot Wealth Management Inc. acquired a new stake in shares of Rockwell Automation during the second quarter valued at approximately $2,791,000. Finally, Chevy Chase Trust Holdings Inc. raised its stake in shares of Rockwell Automation by 0.3% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 111,277 shares of the company’s stock valued at $12,777,000 after buying an additional 328 shares during the last quarter. 72.07% of the stock is currently owned by institutional investors.
Rockwell Automation Inc. (NYSE:ROK) traded up 1.80% during midday trading on Wednesday, reaching $133.71. The company’s stock had a trading volume of 1,183,380 shares. The company has a 50 day moving average price of $123.81 and a 200 day moving average price of $118.43. Rockwell Automation Inc. has a 1-year low of $87.53 and a 1-year high of $134.27. The firm has a market cap of $17.15 billion, a price-to-earnings ratio of 24.05 and a beta of 1.00.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Monday, November 7th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Rockwell Automation had a return on equity of 36.34% and a net margin of 12.41%. The company’s revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.57 EPS. On average, equities research analysts expect that Rockwell Automation Inc. will post $6.06 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Monday, November 14th will be issued a $0.76 dividend. The ex-dividend date is Wednesday, November 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 2.27%. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.73. Rockwell Automation’s dividend payout ratio is currently 54.58%.
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Several brokerages have commented on ROK. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Rockwell Automation in a report on Saturday, November 12th. Barclays PLC upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $118.00 to $141.00 in a research report on Monday, October 24th. Stifel Nicolaus restated a “hold” rating on shares of Rockwell Automation in a research report on Friday, October 21st. Berenberg Bank began coverage on Rockwell Automation in a research report on Monday, October 3rd. They issued a “sell” rating and a $110.00 target price on the stock. Finally, HSBC began coverage on Rockwell Automation in a research report on Friday, October 7th. They issued a “hold” rating and a $108.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $109.83.
In other Rockwell Automation news, Director William T. Jr/Wi Mccormick sold 455 shares of the stock in a transaction 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 sale, the director now owns 10,822 shares in the company, valued at approximately $1,435,862.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Keith D. Nosbusch sold 50,000 shares of the stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $132.55, for a total value of $6,627,500.00. Following the sale, the director now owns 389,896 shares in the company, valued at approximately $51,680,714.80. The disclosure for this sale can be found here. 1.54% of the stock is owned by corporate insiders.
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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