Rockwell Automation (ROK) Holdings Boosted by Oppenheimer & Co. Inc.

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Oppenheimer & Co. Inc. grew its stake in shares of Rockwell Automation (NYSE:ROK) by 9.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,037 shares of the industrial products company’s stock after buying an additional 168 shares during the period. Oppenheimer & Co. Inc.’s holdings in Rockwell Automation were worth $307,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. CAPROCK Group Inc. lifted its holdings in shares of Rockwell Automation by 13.4% during the 4th quarter. CAPROCK Group Inc. now owns 2,674 shares of the industrial products company’s stock valued at $402,000 after purchasing an additional 316 shares in the last quarter. Heathbridge Capital Management Ltd. lifted its holdings in shares of Rockwell Automation by 25.8% during the 4th quarter. Heathbridge Capital Management Ltd. now owns 149,410 shares of the industrial products company’s stock valued at $22,483,000 after purchasing an additional 30,595 shares in the last quarter. Royal London Asset Management Ltd. lifted its holdings in shares of Rockwell Automation by 6.7% during the 4th quarter. Royal London Asset Management Ltd. now owns 53,232 shares of the industrial products company’s stock valued at $7,927,000 after purchasing an additional 3,325 shares in the last quarter. Quantamental Technologies LLC bought a new position in shares of Rockwell Automation during the 4th quarter valued at about $646,000. Finally, PGGM Investments lifted its holdings in shares of Rockwell Automation by 186.5% during the 4th quarter. PGGM Investments now owns 77,583 shares of the industrial products company’s stock valued at $11,675,000 after purchasing an additional 50,500 shares in the last quarter. Hedge funds and other institutional investors own 80.07% of the company’s stock.

Several equities analysts have recently weighed in on ROK shares. Cowen cut Rockwell Automation from a “market perform” rating to an “underperform” rating and cut their price objective for the company from $175.00 to $150.00 in a report on Monday, October 15th. Zacks Investment Research upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $183.00 price objective on the stock in a report on Tuesday, October 23rd. Wells Fargo & Co cut their price objective on Rockwell Automation from $210.00 to $205.00 and set an “outperform” rating on the stock in a report on Thursday, November 8th. Credit Suisse Group lifted their price objective on Rockwell Automation from $171.00 to $173.00 and gave the company an “underperform” rating in a report on Thursday, November 8th. Finally, Citigroup set a $185.00 price objective on Rockwell Automation and gave the company a “hold” rating in a report on Thursday, November 8th. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $172.06.

NYSE ROK opened at $169.70 on Tuesday. The company has a market capitalization of $20.26 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 2.11 and a beta of 1.36. The company has a current ratio of 1.21, a quick ratio of 0.93 and a debt-to-equity ratio of 0.97. Rockwell Automation has a 52 week low of $141.46 and a 52 week high of $198.23.

Rockwell Automation (NYSE:ROK) last released its earnings results on Tuesday, January 29th. The industrial products company reported $2.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.22. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Rockwell Automation had a return on equity of 66.47% and a net margin of 12.68%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.96 EPS. As a group, equities analysts expect that Rockwell Automation will post 9.04 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Tuesday, February 19th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 2.29%. The ex-dividend date is Friday, February 15th. Rockwell Automation’s payout ratio is 47.84%.

In other Rockwell Automation news, CFO Patrick P. Goris sold 177 shares of the business’s stock in a transaction that occurred on Friday, December 7th. The stock was sold at an average price of $167.71, for a total value of $29,684.67. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Frank C. Kulaszewicz sold 2,750 shares of the business’s stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $172.84, for a total value of $475,310.00. Following the completion of the sale, the senior vice president now owns 20,588 shares in the company, valued at approximately $3,558,429.92. The disclosure for this sale can be found here. Insiders sold a total of 34,724 shares of company stock worth $6,100,662 in the last 90 days. Company insiders own 1.43% of the company’s stock.

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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.

See Also: Diversification

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

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