Barings LLC Acquires 7,700 Shares of Rockwell Automation, Inc. (ROK)
Barings LLC raised its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 81.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,109 shares of the industrial products company’s stock after purchasing an additional 7,700 shares during the quarter. Barings LLC’s holdings in Rockwell Automation were worth $3,049,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Commonwealth Bank of Australia boosted its holdings in shares of Rockwell Automation by 6.7% in the third quarter. Commonwealth Bank of Australia now owns 12,683 shares of the industrial products company’s stock valued at $2,253,000 after acquiring an additional 793 shares in the last quarter. WINTON GROUP Ltd boosted its holdings in Rockwell Automation by 69.3% during the third quarter. WINTON GROUP Ltd now owns 5,893 shares of the industrial products company’s stock worth $1,050,000 after buying an additional 2,412 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Rockwell Automation by 12.8% during the third quarter. Wells Fargo & Company MN now owns 1,509,470 shares of the industrial products company’s stock worth $269,003,000 after buying an additional 171,598 shares in the last quarter. Zeke Capital Advisors LLC purchased a new stake in Rockwell Automation during the third quarter worth about $343,000. Finally, Amalgamated Bank boosted its holdings in Rockwell Automation by 2.0% during the third quarter. Amalgamated Bank now owns 15,472 shares of the industrial products company’s stock worth $2,757,000 after buying an additional 300 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.
A number of analysts recently commented on the stock. Oppenheimer reissued a “hold” rating on shares of Rockwell Automation in a report on Friday, August 18th. downgraded shares of Rockwell Automation from a “hold” rating to a “reduce” rating in a report on Thursday, November 2nd. Morgan Stanley reissued an “equal weight” rating and set a $173.00 price objective (up previously from $168.00) on shares of Rockwell Automation in a report on Monday, October 2nd. Zacks Investment Research downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $183.00 price target on shares of Rockwell Automation in a report on Thursday, October 12th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. Rockwell Automation has a consensus rating of “Hold” and a consensus target price of $165.00.
Shares of Rockwell Automation, Inc. (NYSE ROK) traded down $2.62 during mid-day trading on Friday, reaching $190.46. 862,894 shares of the company traded hands, compared to its average volume of 875,124. Rockwell Automation, Inc. has a 1 year low of $133.61 and a 1 year high of $210.72. The company has a quick ratio of 1.80, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $24,470.00, a price-to-earnings ratio of 29.20, a price-to-earnings-growth ratio of 2.22 and a beta of 1.24.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.69 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.03). Rockwell Automation had a return on equity of 38.67% and a net margin of 13.08%. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the company posted $1.52 EPS. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. sell-side analysts anticipate that Rockwell Automation, Inc. will post 7.37 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be given a $0.835 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.34 annualized dividend and a dividend yield of 1.75%. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.76. Rockwell Automation’s dividend payout ratio is presently 52.52%.
In other news, insider Blake D. Moret sold 5,677 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $170.10, for a total value of $965,657.70. Following the completion of the sale, the insider now owns 21,426 shares of the company’s stock, valued at $3,644,562.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Blake D. Moret sold 1,723 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $170.06, for a total transaction of $293,013.38. Following the completion of the transaction, the insider now owns 22,849 shares of the company’s stock, valued at $3,885,700.94. The disclosure for this sale can be found here. 1.65% of the stock is owned by corporate insiders.
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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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