Oak Point Wealth Management Invests $241,000 in Rockwell Automation, Inc. (ROK)
Oak Point Wealth Management acquired a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,228 shares of the industrial products company’s stock, valued at approximately $241,000.
Several other institutional investors also recently bought and sold shares of ROK. Canada Pension Plan Investment Board grew its holdings in shares of Rockwell Automation by 0.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 231,974 shares of the industrial products company’s stock valued at $41,340,000 after purchasing an additional 1,219 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Rockwell Automation during the 3rd quarter valued at $186,000. Frontier Investment Mgmt Co. bought a new position in shares of Rockwell Automation during the 2nd quarter valued at $620,000. Oregon Public Employees Retirement Fund grew its holdings in shares of Rockwell Automation by 11.5% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 56,252 shares of the industrial products company’s stock valued at $10,025,000 after purchasing an additional 5,803 shares during the last quarter. Finally, Oakbrook Investments LLC grew its holdings in shares of Rockwell Automation by 42.6% during the 3rd quarter. Oakbrook Investments LLC now owns 11,625 shares of the industrial products company’s stock valued at $2,072,000 after purchasing an additional 3,475 shares during the last quarter. Hedge funds and other institutional investors own 72.84% of the company’s stock.
Several equities analysts recently commented on the stock. Daiwa Capital Markets assumed coverage on shares of Rockwell Automation in a report on Wednesday, December 20th. They set a “neutral” rating and a $199.00 target price on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $198.00 target price on shares of Rockwell Automation in a report on Monday, December 11th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $193.00 target price on shares of Rockwell Automation in a report on Friday, December 8th. ValuEngine lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, JPMorgan Chase & Co. assumed coverage on shares of Rockwell Automation in a report on Wednesday, November 29th. They set a “neutral” rating on the stock. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. Rockwell Automation has a consensus rating of “Hold” and a consensus price target of $171.60.
Shares of Rockwell Automation, Inc. (NYSE ROK) opened at $202.75 on Wednesday. The stock has a market cap of $26,050.00, a price-to-earnings ratio of 31.93, a price-to-earnings-growth ratio of 2.24 and a beta of 1.23. Rockwell Automation, Inc. has a twelve month low of $138.28 and a twelve month high of $210.72. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.80.
Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.03). The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. Rockwell Automation had a return on equity of 38.67% and a net margin of 13.08%. Rockwell Automation’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the business earned $1.52 EPS. equities analysts expect that Rockwell Automation, Inc. will post 7.39 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Monday, November 13th were issued a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Friday, November 10th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.76. Rockwell Automation’s dividend payout ratio (DPR) is 52.60%.
In other news, CFO Patrick P. Goris sold 145 shares of Rockwell Automation stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $192.36, for a total transaction of $27,892.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Blake D. Moret sold 5,309 shares of Rockwell Automation stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $190.75, for a total transaction of $1,012,691.75. Following the sale, the chief executive officer now directly owns 30,720 shares in the company, valued at approximately $5,859,840. The disclosure for this sale can be found here. In the last three months, insiders sold 10,770 shares of company stock worth $2,054,871. Insiders own 1.28% of the company’s stock.
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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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