Gulf International Bank UK Ltd Has $1.67 Million Stake in Rockwell Automation, Inc. (NYSE:ROK)

Key Points

• Gulf International Bank UK Ltd reduced its stake in Rockwell Automation by 28%, now holding shares worth approximately $1.67 million after selling over 2,500 shares.
• Rockwell Automation reported a quarterly EPS of $2.82, exceeding analysts' expectations of $2.67, with revenues reaching $2.14 billion for the quarter.
• The company declared a quarterly dividend of $1.31, resulting in an annualized yield of 1.5%, with a payout ratio of 61.5%.

Gulf International Bank UK Ltd decreased its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 28.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 6,468 shares of the industrial products company's stock after selling 2,513 shares during the period. Gulf International Bank UK Ltd's holdings in Rockwell Automation were worth $1,671,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Fifth Third Bancorp grew its holdings in Rockwell Automation by 8.5% in the 1st quarter. Fifth Third Bancorp now owns 5,424 shares of the industrial products company's stock valued at $1,401,000 after buying an additional 423 shares during the last quarter. CWM LLC grew its holdings in Rockwell Automation by 3.7% in the 1st quarter. CWM LLC now owns 2,353 shares of the industrial products company's stock valued at $608,000 after buying an additional 84 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Rockwell Automation by 0.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,652 shares of the industrial products company's stock valued at $1,462,000 after buying an additional 43 shares during the last quarter. Brighton Jones LLC acquired a new stake in Rockwell Automation in the 4th quarter valued at approximately $281,000. Finally, J.W. Cole Advisors Inc. grew its holdings in Rockwell Automation by 128.7% in the 1st quarter. J.W. Cole Advisors Inc. now owns 4,382 shares of the industrial products company's stock valued at $1,132,000 after buying an additional 2,466 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Rockwell Automation Price Performance

Rockwell Automation stock opened at $347.56 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.06. The firm has a market cap of $39.08 billion, a P/E ratio of 40.79, a P/E/G ratio of 3.59 and a beta of 1.39. The business's fifty day moving average is $338.78 and its two-hundred day moving average is $295.70. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $360.92.

Rockwell Automation (NYSE:ROK - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.82 EPS for the quarter, topping analysts' consensus estimates of $2.67 by $0.15. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.07 billion. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%. The business's revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.71 earnings per share. Equities research analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th will be paid a $1.31 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $5.24 dividend on an annualized basis and a yield of 1.5%. Rockwell Automation's payout ratio is currently 61.50%.

Insider Buying and Selling

In other Rockwell Automation news, SVP Tessa M. Myers sold 363 shares of the business's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $326.32, for a total value of $118,454.16. Following the transaction, the senior vice president owned 4,063 shares of the company's stock, valued at approximately $1,325,838.16. The trade was a 8.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Christopher Nardecchia sold 551 shares of the business's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $326.31, for a total value of $179,796.81. Following the completion of the transaction, the senior vice president directly owned 12,711 shares in the company, valued at approximately $4,147,726.41. This represents a 4.15% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,818 shares of company stock valued at $1,944,708. Insiders own 0.68% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on ROK. KeyCorp reaffirmed an "overweight" rating and issued a $380.00 target price (up previously from $370.00) on shares of Rockwell Automation in a report on Thursday, August 7th. Wall Street Zen upgraded Rockwell Automation from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Oppenheimer reduced their price objective on Rockwell Automation from $371.00 to $363.00 and set an "outperform" rating for the company in a research report on Thursday, August 7th. Stephens reiterated an "overweight" rating and issued a $375.00 price objective (up previously from $350.00) on shares of Rockwell Automation in a research report on Wednesday, July 16th. Finally, Loop Capital raised their price objective on Rockwell Automation from $280.00 to $290.00 and gave the stock a "hold" rating in a research report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Rockwell Automation presently has an average rating of "Moderate Buy" and an average target price of $340.16.

Rockwell Automation Company Profile

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.

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