Oppenheimer Asset Management Inc. cut its stake in Rockwell Automation (NYSE:ROK) by 3.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,458 shares of the industrial products company’s stock after selling 254 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Rockwell Automation were worth $1,308,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in ROK. JOYN Advisors Inc. grew its holdings in shares of Rockwell Automation by 104.4% in the 4th quarter. JOYN Advisors Inc. now owns 186 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 95 shares during the last quarter. Essex Investment Management Co. LLC acquired a new position in Rockwell Automation during the 4th quarter worth about $29,000. Lindbrook Capital LLC acquired a new position in Rockwell Automation during the 4th quarter valued at about $32,000. Valley National Advisers Inc. lifted its position in Rockwell Automation by 3,500.0% during the 4th quarter. Valley National Advisers Inc. now owns 216 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 210 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its position in Rockwell Automation by 15,107.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,142,955 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 5,109,136 shares during the period. 77.19% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently issued reports on ROK shares. Morgan Stanley set a $159.00 target price on Rockwell Automation and gave the stock a “sell” rating in a research note on Friday, April 26th. Zacks Investment Research downgraded Rockwell Automation from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. BMO Capital Markets reaffirmed an “outperform” rating and set a $195.00 price target on shares of Rockwell Automation in a report on Wednesday, January 30th. HSBC upgraded Rockwell Automation from a “reduce” rating to a “buy” rating and raised their price target for the stock from $165.00 to $175.00 in a research report on Friday, January 25th. Finally, UBS Group lowered Rockwell Automation from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $182.00 to $190.00 in a research note on Wednesday, March 20th. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $174.71.
Shares of Rockwell Automation stock traded down $0.36 during trading hours on Friday, hitting $154.78. The company’s stock had a trading volume of 707,442 shares, compared to its average volume of 884,802. Rockwell Automation has a 12-month low of $141.46 and a 12-month high of $198.23. The company has a market capitalization of $18.36 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 2.21 and a beta of 1.34. The company has a quick ratio of 1.23, a current ratio of 1.59 and a debt-to-equity ratio of 1.45.
Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $2.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.11 by ($0.07). Rockwell Automation had a net margin of 14.43% and a return on equity of 73.82%. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the previous year, the firm earned $1.89 earnings per share. Rockwell Automation’s revenue was up .4% on a year-over-year basis. On average, equities analysts expect that Rockwell Automation will post 8.96 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 13th will be given a $0.97 dividend. The ex-dividend date is Friday, May 10th. This represents a $3.88 annualized dividend and a dividend yield of 2.51%. Rockwell Automation’s payout ratio is 47.84%.
Rockwell Automation Company Profile
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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