Prospera Financial Services Inc Acquires Shares of 3,244 Rockwell Automation, Inc. (ROK)
Prospera Financial Services Inc acquired a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) during the second quarter, Holdings Channel reports. The institutional investor acquired 3,244 shares of the industrial products company’s stock, valued at approximately $528,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Jacobus Wealth Management Inc. bought a new position in shares of Rockwell Automation during the first quarter worth $104,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of Rockwell Automation by 1,700.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 720 shares of the industrial products company’s stock worth $112,000 after buying an additional 680 shares during the last quarter. Appleton Group LLC bought a new position in shares of Rockwell Automation during the first quarter worth $213,000. Hunter Associates Investment Management LLC bought a new position in shares of Rockwell Automation during the first quarter worth $215,000. Finally, S&CO Inc. bought a new position in shares of Rockwell Automation during the first quarter worth $216,000. 73.52% of the stock is currently owned by institutional investors and hedge funds.
Shares of Rockwell Automation, Inc. (NYSE ROK) traded down 0.20% during trading on Thursday, hitting $167.00. The stock had a trading volume of 248,535 shares. The stock has a 50 day moving average price of $162.37 and a 200-day moving average price of $154.62. Rockwell Automation, Inc. has a one year low of $111.52 and a one year high of $167.97. The stock has a market capitalization of $21.52 billion, a price-to-earnings ratio of 27.88 and a beta of 1.17.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, April 26th. The industrial products company reported $1.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.15. Rockwell Automation had a return on equity of 39.71% and a net margin of 12.88%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the business posted $1.37 EPS. Rockwell Automation’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities research analysts predict that Rockwell Automation, Inc. will post $6.66 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Thursday, August 10th. Rockwell Automation’s dividend payout ratio (DPR) is 50.75%.
COPYRIGHT VIOLATION NOTICE: “Prospera Financial Services Inc Acquires Shares of 3,244 Rockwell Automation, Inc. (ROK)” was first posted by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/07/20/prospera-financial-services-inc-acquires-shares-of-3244-rockwell-automation-inc-rok.html.
A number of brokerages recently weighed in on ROK. Barclays PLC raised their price objective on Rockwell Automation from $166.00 to $167.00 and gave the company an “overweight” rating in a research note on Wednesday, April 19th. Zacks Investment Research downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Gabelli raised Rockwell Automation from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Stifel Nicolaus lifted their price target on Rockwell Automation from $159.00 to $167.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Finally, Wolfe Research assumed coverage on Rockwell Automation in a research report on Tuesday, July 11th. They issued a “peer perform” rating on the stock. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $145.93.
In related news, Director Keith D. Nosbusch sold 20,000 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $157.50, for a total transaction of $3,150,000.00. Following the sale, the director now owns 411,286 shares of the company’s stock, valued at approximately $64,777,545. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William T. Jr/Wi Mccormick sold 432 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $158.07, for a total value of $68,286.24. Following the sale, the director now directly owns 9,109 shares in the company, valued at approximately $1,439,859.63. The disclosure for this sale can be found here. In the last three months, insiders have sold 129,605 shares of company stock worth $20,469,855. 1.65% of the stock is currently owned by company 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.
Want to see what other hedge funds are holding ROK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rockwell Automation, Inc. (NYSE:ROK).
Receive News & Ratings for Rockwell Automation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation Inc. and related companies with MarketBeat.com's FREE daily email newsletter.