DekaBank Deutsche Girozentrale Has $13.03 Million Stake in Rockwell Automation, Inc. (ROK)
DekaBank Deutsche Girozentrale increased its position in Rockwell Automation, Inc. (NYSE:ROK) by 58.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 81,436 shares of the industrial products company’s stock after buying an additional 30,023 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Rockwell Automation were worth $13,025,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the company. Jacobus Wealth Management Inc. bought a new position in shares of Rockwell Automation during the first quarter worth approximately $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. Clarkston Capital Partners LLC bought a new position in shares of Rockwell Automation during the second quarter worth approximately $206,000. Appleton Group LLC bought a new position in shares of Rockwell Automation during the first quarter worth approximately $213,000. Finally, Hunter Associates Investment Management LLC bought a new position in shares of Rockwell Automation during the first quarter worth approximately $215,000. Hedge funds and other institutional investors own 73.38% of the company’s stock.
Shares of Rockwell Automation, Inc. (ROK) opened at 161.66 on Friday. The stock has a market cap of $20.75 billion, a P/E ratio of 26.07 and a beta of 1.17. Rockwell Automation, Inc. has a 52-week low of $111.52 and a 52-week high of $167.97. The firm has a 50-day moving average price of $164.02 and a 200-day moving average price of $157.31.
Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.12. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. Rockwell Automation had a return on equity of 40.71% and a net margin of 13.04%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the company posted $1.55 EPS. On average, analysts anticipate that Rockwell Automation, Inc. will post $6.75 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Thursday, August 10th. Rockwell Automation’s dividend payout ratio (DPR) is currently 49.03%.
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A number of equities analysts recently commented on ROK shares. Zacks Investment Research upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $184.00 price objective on the stock in a research report on Tuesday, July 11th. BidaskClub upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Barclays PLC set a $176.00 price objective on Rockwell Automation and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Morgan Stanley lifted their price objective on Rockwell Automation from $153.00 to $167.00 and gave the stock an “equal weight” rating in a research report on Friday, April 28th. Finally, Gabelli upgraded Rockwell Automation from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. Rockwell Automation presently has a consensus rating of “Hold” and an average price target of $152.33.
In related news, VP John M. Miller sold 1,825 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $165.37, for a total value of $301,800.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William T. Jr/Wi Mccormick sold 432 shares of the 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 completion of the sale, the director now owns 9,109 shares of the company’s stock, valued at $1,439,859.63. The disclosure for this sale can be found here. Insiders sold a total of 115,257 shares of company stock worth $18,686,369 over the last ninety days. Corporate insiders own 1.65% of the company’s stock.
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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