Carroll Financial Associates Inc. boosted its holdings in shares of Rockwell Automation (NYSE:ROK) by 98.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 596 shares of the industrial products company’s stock after purchasing an additional 296 shares during the period. Carroll Financial Associates Inc.’s holdings in Rockwell Automation were worth $126,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in ROK. FMR LLC lifted its stake in Rockwell Automation by 0.6% during the first quarter. FMR LLC now owns 119,971 shares of the industrial products company’s stock worth $21,050,000 after purchasing an additional 709 shares during the period. Raymond James & Associates lifted its stake in Rockwell Automation by 9.4% during the fourth quarter. Raymond James & Associates now owns 93,379 shares of the industrial products company’s stock worth $18,925,000 after purchasing an additional 8,014 shares during the period. Vestcor Investment Management Corp bought a new position in Rockwell Automation during the fourth quarter worth about $406,000. Renaissance Technologies LLC lifted its stake in Rockwell Automation by 123.2% during the fourth quarter. Renaissance Technologies LLC now owns 218,700 shares of the industrial products company’s stock worth $44,324,000 after purchasing an additional 120,700 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in shares of Rockwell Automation by 43.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 47,031 shares of the industrial products company’s stock valued at $9,531,000 after acquiring an additional 14,347 shares during the last quarter. Hedge funds and other institutional investors own 77.35% of the company’s stock.
A number of research analysts have recently issued reports on ROK shares. Gordon Haskett upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a research note on Wednesday, March 25th. Morgan Stanley lifted their target price on shares of Rockwell Automation from $177.00 to $220.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 30th. Oppenheimer lifted their target price on shares of Rockwell Automation from $182.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. G.Research cut shares of Rockwell Automation from a “hold” rating to a “sell” rating in a research note on Thursday, April 30th. Finally, UBS Group lifted their target price on shares of Rockwell Automation from $161.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $193.06.
In other news, CFO Patrick P. Goris sold 3,300 shares of Rockwell Automation stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $220.00, for a total transaction of $726,000.00. Following the transaction, the chief financial officer now directly owns 13,043 shares of the company’s stock, valued at $2,869,460. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Steven W. Etzel sold 1,700 shares of Rockwell Automation stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $218.26, for a total transaction of $371,042.00. Following the transaction, the vice president now directly owns 10,623 shares in the company, valued at $2,318,575.98. The disclosure for this sale can be found here. Insiders have sold a total of 25,036 shares of company stock valued at $5,292,882 in the last ninety days. Company insiders own 0.77% of the company’s stock.
ROK opened at $210.90 on Friday. The company has a fifty day moving average price of $211.84 and a two-hundred day moving average price of $191.43. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.21 and a current ratio of 1.57. Rockwell Automation has a 52 week low of $115.38 and a 52 week high of $230.71. The firm has a market capitalization of $24.43 billion, a PE ratio of 23.56, a P/E/G ratio of 5.37 and a beta of 1.50.
Rockwell Automation (NYSE:ROK) last released its earnings results on Tuesday, April 28th. The industrial products company reported $2.43 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.61. Rockwell Automation had a net margin of 10.54% and a return on equity of 118.85%. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the previous year, the business earned $2.04 EPS. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. Equities analysts forecast that Rockwell Automation will post 7.22 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Friday, August 14th. Rockwell Automation’s dividend payout ratio is presently 47.06%.
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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