Moreno Evelyn V cut its holdings in Rockwell Automation (NYSE:ROK) by 1.0% during the first quarter, Holdings Channel reports. The fund owned 43,349 shares of the industrial products company’s stock after selling 435 shares during the period. Rockwell Automation comprises 2.2% of Moreno Evelyn V’s holdings, making the stock its 17th biggest position. Moreno Evelyn V’s holdings in Rockwell Automation were worth $7,606,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Penobscot Investment Management Company Inc. lifted its stake in Rockwell Automation by 1.8% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 3,395 shares of the industrial products company’s stock worth $511,000 after purchasing an additional 60 shares in the last quarter. Creative Planning lifted its stake in Rockwell Automation by 0.3% during the fourth quarter. Creative Planning now owns 22,499 shares of the industrial products company’s stock worth $3,386,000 after purchasing an additional 66 shares in the last quarter. Sabal Trust CO lifted its stake in Rockwell Automation by 1.6% during the fourth quarter. Sabal Trust CO now owns 4,132 shares of the industrial products company’s stock worth $622,000 after purchasing an additional 67 shares in the last quarter. Benedict Financial Advisors Inc. lifted its stake in Rockwell Automation by 1.1% during the fourth quarter. Benedict Financial Advisors Inc. now owns 6,728 shares of the industrial products company’s stock worth $1,012,000 after purchasing an additional 74 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its stake in Rockwell Automation by 0.3% during the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 28,324 shares of the industrial products company’s stock worth $4,262,000 after purchasing an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 75.39% of the company’s stock.
A number of research analysts have commented on the company. Zacks Investment Research cut Rockwell Automation from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. Barclays decreased their price target on Rockwell Automation from $170.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Monday, January 7th. Wolfe Research cut Rockwell Automation to a “market perform” rating in a research note on Tuesday, January 8th. BMO Capital Markets started coverage on Rockwell Automation in a research note on Friday, January 18th. They issued an “outperform” rating and a $185.00 price objective on the stock. Finally, Credit Suisse Group reiterated an “underperform” rating and issued a $158.00 price objective (down from $170.00) on shares of Rockwell Automation in a research note on Thursday, January 3rd. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Rockwell Automation currently has an average rating of “Hold” and an average target price of $171.13.
Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Tuesday, January 29th. The industrial products company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.22. The business 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 company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the firm earned $1.96 earnings per share. As a group, analysts anticipate that Rockwell Automation will post 9.02 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 2.06%. The ex-dividend date is Friday, May 10th. Rockwell Automation’s dividend payout ratio (DPR) is presently 47.84%.
In related news, insider Elik I. Fooks sold 5,100 shares of the stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $177.80, for a total value of $906,780.00. Following the transaction, the insider now owns 15,597 shares of the company’s stock, valued at $2,773,146.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Frank C. Kulaszewicz sold 9,231 shares of the stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $177.70, for a total value of $1,640,348.70. Following the completion of the transaction, the senior vice president now directly owns 34,893 shares in the company, valued at approximately $6,200,486.10. The disclosure for this sale can be found here. Corporate insiders own 1.43% of the company’s stock.
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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.
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