Banque Pictet & Cie SA maintained its stake in Rockwell Automation, Inc. (NYSE:ROK) during the first quarter, according to its most recent disclosure with the SEC. The firm owned 12,400 shares of the industrial products company’s stock at the end of the first quarter. Banque Pictet & Cie SA’s holdings in Rockwell Automation were worth $1,931,000 as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of the stock. Jacobus Wealth Management Inc. bought a new position in shares of Rockwell Automation during the first quarter worth $104,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in Rockwell Automation by 1,700.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 720 shares of the industrial products company’s stock worth $112,000 after buying an additional 680 shares during the period. Tiemann Investment Advisors LLC acquired a new position in Rockwell Automation during the fourth quarter worth $205,000. Appleton Group LLC acquired a new position in Rockwell Automation during the first quarter worth $213,000. Finally, Hunter Associates Investment Management LLC acquired a new position in Rockwell Automation during the first quarter worth $215,000. Hedge funds and other institutional investors own 73.94% of the company’s stock.
Rockwell Automation, Inc. (NYSE:ROK) traded down 0.59% during trading on Tuesday, hitting $163.09. 205,851 shares of the company’s stock traded hands. The stock has a market cap of $21.01 billion, a P/E ratio of 27.22 and a beta of 1.08. The firm’s 50-day moving average price is $158.61 and its 200 day moving average price is $150.58. Rockwell Automation, Inc. has a 12-month low of $107.17 and a 12-month high of $165.39.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, April 26th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.15. Rockwell Automation had a net margin of 12.88% and a return on equity of 39.71%. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the business earned $1.37 earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. Analysts anticipate that Rockwell Automation, Inc. will post $6.64 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, August 10th. Rockwell Automation’s payout ratio is currently 50.75%.
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A number of research analysts have weighed in on ROK shares. Credit Suisse Group reissued a “hold” rating and issued a $145.00 target price on shares of Rockwell Automation in a research note on Thursday, March 30th. Morgan Stanley lifted their price target on shares of Rockwell Automation from $153.00 to $167.00 and gave the company an “equal weight” rating in a research report on Friday, April 28th. Barclays PLC set a $176.00 price target on shares of Rockwell Automation and gave the company a “buy” rating in a research report on Wednesday, April 26th. Stifel Nicolaus lifted their price target on shares of Rockwell Automation from $159.00 to $167.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Finally, Gabelli raised shares of Rockwell Automation from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $141.50.
In related news, Director Keith D. Nosbusch sold 20,000 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $157.50, for a total transaction of $3,150,000.00. Following the completion of the sale, the director now directly owns 411,286 shares of the company’s stock, valued at approximately $64,777,545. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Betty C. Alewine sold 7,173 shares of the firm’s stock in a transaction on Friday, April 28th. The shares were sold at an average price of $158.52, for a total transaction of $1,137,063.96. Following the sale, the director now directly owns 20,584 shares of the company’s stock, valued at $3,262,975.68. The disclosure for this sale can be found here. Insiders sold 129,605 shares of company stock valued at $20,469,855 in the last three months. Company insiders own 1.65% of the company’s stock.
About Rockwell Automation
Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.
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