Rockwell Automation (ROK) Stake Boosted by ETF Managers Group LLC

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ETF Managers Group LLC grew its position in shares of Rockwell Automation (NYSE:ROK) by 10.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 830 shares of the industrial products company’s stock after acquiring an additional 81 shares during the period. ETF Managers Group LLC’s holdings in Rockwell Automation were worth $146,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Riggs Asset Managment Co. Inc. bought a new position in shares of Rockwell Automation during the first quarter valued at about $35,000. ERn Financial LLC raised its stake in Rockwell Automation by 5.0% in the first quarter. ERn Financial LLC now owns 2,116 shares of the industrial products company’s stock worth $398,000 after buying an additional 100 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Rockwell Automation by 43.7% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 66,144 shares of the industrial products company’s stock worth $9,953,000 after buying an additional 20,105 shares in the last quarter. Private Wealth Advisors Inc. bought a new position in Rockwell Automation in the fourth quarter worth about $742,000. Finally, American Century Companies Inc. bought a new position in Rockwell Automation in the fourth quarter worth about $12,794,000. 77.19% of the stock is owned by hedge funds and other institutional investors.

Shares of ROK opened at $154.78 on Friday. The stock has a market capitalization of $18.32 billion, a price-to-earnings ratio of 19.09, a price-to-earnings-growth ratio of 2.21 and a beta of 1.34. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.23 and a current ratio of 1.59. Rockwell Automation has a fifty-two week low of $141.46 and a fifty-two week high of $198.23.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $2.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.11 by ($0.07). The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Rockwell Automation had a return on equity of 73.82% and a net margin of 14.43%. Rockwell Automation’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the company posted $1.89 EPS. As a group, equities analysts predict that Rockwell Automation will post 8.96 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 13th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Friday, May 10th. Rockwell Automation’s payout ratio is 47.84%.

A number of equities analysts recently issued reports on ROK shares. Morgan Stanley set a $159.00 price target on shares of Rockwell Automation and gave the stock a “sell” rating in a research note on Friday, April 26th. Zacks Investment Research downgraded shares of Rockwell Automation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. BMO Capital Markets reissued an “outperform” rating and issued a $195.00 price target on shares of Rockwell Automation in a research note on Wednesday, January 30th. UBS Group downgraded shares of Rockwell Automation from a “buy” rating to a “neutral” rating and increased their price target for the stock from $182.00 to $190.00 in a research note on Wednesday, March 20th. Finally, Deutsche Bank increased their price target on shares of Rockwell Automation from $173.00 to $186.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Rockwell Automation has a consensus rating of “Hold” and a consensus price target of $174.71.

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

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