Toronto Dominion Bank Acquires 10,788 Shares of Rockwell Automation (ROK)

Toronto Dominion Bank grew its holdings in Rockwell Automation (NYSE:ROK) by 15.1% in the first quarter, Holdings Channel reports. The institutional investor owned 82,232 shares of the industrial products company’s stock after buying an additional 10,788 shares during the quarter. Toronto Dominion Bank’s holdings in Rockwell Automation were worth $14,425,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of ROK. JOYN Advisors Inc. grew its holdings in Rockwell Automation by 104.4% during the 4th quarter. JOYN Advisors Inc. now owns 186 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 95 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of Rockwell Automation in the 4th quarter valued at approximately $29,000. Lindbrook Capital LLC purchased a new stake in shares of Rockwell Automation in the 4th quarter valued at approximately $32,000. Valley National Advisers Inc. increased its position in shares of Rockwell Automation by 3,500.0% in 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 last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Rockwell Automation by 15,107.3% in 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 last quarter. Institutional investors and hedge funds own 76.15% of the company’s stock.

Shares of ROK traded down $0.68 during mid-day trading on Friday, reaching $162.30. 8,626 shares of the stock traded hands, compared to its average volume of 889,805. The firm has a market capitalization of $19.20 billion, a P/E ratio of 20.03, a P/E/G ratio of 2.22 and a beta of 1.34. 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.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Thursday, April 25th. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.07). The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Rockwell Automation had a net margin of 14.43% and a return on equity of 73.82%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.89 EPS. Equities analysts expect that Rockwell Automation will post 8.96 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 13th will be paid 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 dividend yield of 2.39%. Rockwell Automation’s dividend payout ratio is currently 47.84%.

ROK has been the topic of a number of recent analyst reports. Wells Fargo & Co reissued a “buy” rating on shares of Rockwell Automation in a research report on Friday, January 18th. BMO Capital Markets initiated coverage on shares of Rockwell Automation in a report on Friday, January 18th. They issued an “outperform” rating and a $185.00 target price for the company. Zacks Investment Research cut shares of Rockwell Automation from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. HSBC upgraded shares of Rockwell Automation from a “reduce” rating to a “buy” rating and upped their target price for the company from $165.00 to $175.00 in a report on Friday, January 25th. Finally, Citigroup raised their price target on shares of Rockwell Automation to $176.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 30th. Six investment 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. Rockwell Automation presently has a consensus rating of “Hold” and a consensus target price of $174.71.

In related news, insider Elik I. Fooks sold 5,100 shares of Rockwell Automation stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $177.80, for a total value of $906,780.00. Following the completion of the sale, the insider now owns 15,597 shares in the company, valued at $2,773,146.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Frank C. Kulaszewicz sold 9,231 shares of Rockwell Automation stock in a transaction on 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 of the company’s stock, valued at approximately $6,200,486.10. The disclosure for this sale can be found here. Insiders have sold 14,384 shares of company stock worth $2,556,521 in the last quarter. Insiders own 1.43% of the company’s stock.

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

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