State of New Jersey Common Pension Fund D increased its stake in Rockwell Automation (NYSE:ROK) by 11.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 400,000 shares of the industrial products company’s stock after acquiring an additional 40,000 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.34% of Rockwell Automation worth $70,184,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ROK. Oregon Public Employees Retirement Fund boosted its position in shares of Rockwell Automation by 15,107.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,142,955 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 5,109,136 shares during the last quarter. BlackRock Inc. boosted its position in shares of Rockwell Automation by 10.2% in the fourth quarter. BlackRock Inc. now owns 9,882,329 shares of the industrial products company’s stock worth $1,487,092,000 after acquiring an additional 918,161 shares during the last quarter. Two Sigma Advisers LP boosted its position in shares of Rockwell Automation by 15,978.3% in the fourth quarter. Two Sigma Advisers LP now owns 801,183 shares of the industrial products company’s stock worth $120,562,000 after acquiring an additional 796,200 shares during the last quarter. Norges Bank acquired a new stake in shares of Rockwell Automation in the fourth quarter worth approximately $113,267,000. Finally, Ceredex Value Advisors LLC boosted its position in shares of Rockwell Automation by 396.4% in the fourth quarter. Ceredex Value Advisors LLC now owns 479,943 shares of the industrial products company’s stock worth $72,222,000 after acquiring an additional 383,268 shares during the last quarter. 75.20% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE ROK traded up $1.54 during trading on Wednesday, reaching $153.11. 1,035,294 shares of the stock were exchanged, compared to its average volume of 758,158. Rockwell Automation has a twelve month low of $141.46 and a twelve month high of $198.23. 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 cap of $18.32 billion, a P/E ratio of 18.88, a PEG ratio of 2.12 and a beta of 1.34.
Rockwell Automation (NYSE:ROK) last posted its earnings results on Thursday, April 25th. The industrial products company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.07). Rockwell Automation had a return on equity of 73.82% and a net margin of 14.43%. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the previous year, the firm posted $1.89 earnings per share. The company’s revenue for the quarter was up .4% on a year-over-year basis. On average, research analysts expect that Rockwell Automation will post 8.96 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 13th will be given a dividend of $0.97 per share. The ex-dividend date is Friday, May 10th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.53%. Rockwell Automation’s payout ratio is currently 47.84%.
A number of research analysts have weighed in on ROK shares. Morgan Stanley set a $159.00 price target on shares of Rockwell Automation and gave the company a “sell” rating in a research report on Friday, April 26th. Zacks Investment Research cut shares of Rockwell Automation from a “hold” rating to a “sell” rating in a research 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 research report on Wednesday, January 30th. UBS Group cut shares of Rockwell Automation from a “buy” rating to a “neutral” rating and lifted their price target for the company from $182.00 to $190.00 in a research report on Wednesday, March 20th. Finally, Deutsche Bank lifted their price target on shares of Rockwell Automation from $173.00 to $186.00 and gave the company a “hold” rating in a research report on Friday, April 26th. Six analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $173.17.
Rockwell Automation 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.
Featured Article: FAANG Stocks
Receive News & Ratings for Rockwell Automation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation and related companies with MarketBeat.com's FREE daily email newsletter.