Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in shares of Rockwell Automation (NYSE:ROK) by 4.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 53,271 shares of the industrial products company’s stock after selling 2,750 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Rockwell Automation were worth $9,347,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of Rockwell Automation by 2.2% during the third quarter. JPMorgan Chase & Co. now owns 871,952 shares of the industrial products company’s stock valued at $163,510,000 after buying an additional 19,184 shares during the last quarter. Standard Life Aberdeen plc grew its stake in shares of Rockwell Automation by 8.5% during the third quarter. Standard Life Aberdeen plc now owns 53,266 shares of the industrial products company’s stock valued at $9,989,000 after buying an additional 4,161 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Rockwell Automation by 444.4% during the third quarter. Renaissance Technologies LLC now owns 14,700 shares of the industrial products company’s stock valued at $2,757,000 after buying an additional 12,000 shares during the last quarter. Kentucky Retirement Systems bought a new position in shares of Rockwell Automation during the third quarter valued at approximately $1,353,000. Finally, Neuberger Berman Group LLC grew its stake in shares of Rockwell Automation by 19.4% during the third quarter. Neuberger Berman Group LLC now owns 724,420 shares of the industrial products company’s stock valued at $135,844,000 after buying an additional 117,816 shares during the last quarter. Hedge funds and other institutional investors own 77.19% of the company’s stock.
A number of research analysts have recently commented on the company. BMO Capital Markets cut their target price on Rockwell Automation from $223.00 to $214.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Wells Fargo & Co cut their target price on Rockwell Automation from $215.00 to $205.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Gabelli reaffirmed a “hold” rating on shares of Rockwell Automation in a research note on Friday, April 26th. Zacks Investment Research cut Rockwell Automation from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Finally, Citigroup upped their target price on Rockwell Automation to $176.00 and gave the stock a “neutral” rating in a report on Wednesday, January 30th. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Rockwell Automation presently has an average rating of “Hold” and an average target price of $174.71.
Rockwell Automation stock traded down $0.36 during mid-day trading on Friday, reaching $154.78. 707,442 shares of the company were exchanged, 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 quick ratio of 1.23, a current ratio of 1.59 and a debt-to-equity ratio of 1.45. The firm has a market cap of $18.36 billion, a P/E ratio of 19.09, a P/E/G ratio of 2.21 and a beta of 1.34.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Thursday, April 25th. The industrial products company reported $2.04 EPS for the quarter, missing the 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 for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the prior year, the company posted $1.89 EPS. The business’s revenue for the quarter was up .4% on a year-over-year basis. Equities analysts expect that Rockwell Automation will post 8.96 earnings per share for the current year.
The business 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. This represents a $3.88 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Friday, May 10th. Rockwell Automation’s dividend payout ratio is currently 47.84%.
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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