Parsons Capital Management Inc. RI Buys New Position in Rockwell Automation (NYSE:ROK)

Parsons Capital Management Inc. RI acquired a new stake in Rockwell Automation (NYSE:ROK) during the first quarter, according to its most recent filing with the SEC. The firm acquired 1,250 shares of the industrial products company’s stock, valued at approximately $219,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Nicolet Bankshares Inc. acquired a new stake in shares of Rockwell Automation in the first quarter valued at about $212,000. MONECO Advisors LLC increased its position in shares of Rockwell Automation by 7.6% in the first quarter. MONECO Advisors LLC now owns 2,491 shares of the industrial products company’s stock valued at $437,000 after acquiring an additional 177 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its holdings in Rockwell Automation by 35.7% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 165,953 shares of the industrial products company’s stock worth $29,118,000 after purchasing an additional 43,630 shares during the period. Alecta Pensionsforsakring Omsesidigt grew its holdings in Rockwell Automation by 11.0% during the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 3,028,265 shares of the industrial products company’s stock worth $531,309,000 after purchasing an additional 300,000 shares during the period. Finally, Virginia Retirement Systems ET AL bought a new position in Rockwell Automation during the first quarter worth about $281,000. Hedge funds and other institutional investors own 76.15% of the company’s stock.

ROK traded down $2.11 during trading on Wednesday, reaching $159.40. 483,972 shares of the stock traded hands, compared to its average volume of 885,151. The company has a current ratio of 1.59, a quick ratio of 1.23 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $18.77 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 2.20 and a beta of 1.34. Rockwell Automation has a 12 month low of $141.46 and a 12 month high of $198.23.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $2.04 EPS for the quarter, missing the Zacks’ consensus estimate of $2.11 by ($0.07). The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.71 billion. Rockwell Automation had a net margin of 14.43% and a return on equity of 73.82%. The business’s revenue was up .4% compared to the same quarter last year. During the same period last year, the company posted $1.89 EPS. As a group, research analysts predict that Rockwell Automation will post 8.96 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 13th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $3.88 dividend on an annualized basis and a yield of 2.43%. Rockwell Automation’s dividend payout ratio (DPR) is currently 47.84%.

In related news, insider Elik I. Fooks sold 5,100 shares of the company’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $177.80, for a total value of $906,780.00. Following the sale, the insider now owns 15,597 shares in the company, valued at approximately $2,773,146.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Frank C. Kulaszewicz sold 9,231 shares of the company’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $177.70, for a total transaction of $1,640,348.70. Following the completion of the sale, the senior vice president now owns 34,893 shares in the company, valued at approximately $6,200,486.10. The disclosure for this sale can be found here. Insiders have sold a total of 14,384 shares of company stock worth $2,556,521 in the last three months. Insiders own 1.43% of the company’s stock.

A number of equities analysts recently commented on ROK shares. Zacks Investment Research cut Rockwell Automation from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. HSBC upgraded Rockwell Automation from a “reduce” rating to a “buy” rating and boosted their price objective for the stock from $165.00 to $175.00 in a report on Friday, January 25th. Citigroup boosted their price objective on Rockwell Automation to $176.00 and gave the stock a “neutral” rating in a report on Wednesday, January 30th. Credit Suisse Group boosted their price objective on Rockwell Automation from $158.00 to $166.00 and gave the stock an “underperform” rating in a report on Wednesday, January 30th. Finally, Wells Fargo & Co boosted their price objective on Rockwell Automation from $188.00 to $195.00 and gave the stock an “outperform” rating in a report on Wednesday, January 30th. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $174.71.

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About Rockwell Automation

Rockwell Automation, Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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