Retirement Planning Co of New England Inc. bought a new stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,230 shares of the industrial products company's stock, valued at approximately $576,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Citizens National Bank Trust Department acquired a new stake in Rockwell Automation in the 1st quarter valued at approximately $26,000. Financial Gravity Asset Management Inc. acquired a new stake in Rockwell Automation in the 1st quarter valued at approximately $31,000. IMA Advisory Services Inc. bought a new stake in shares of Rockwell Automation in the 1st quarter worth approximately $32,000. Cooksen Wealth LLC bought a new stake in shares of Rockwell Automation in the 1st quarter worth approximately $34,000. Finally, Accredited Wealth Management LLC bought a new stake in shares of Rockwell Automation in the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 75.75% of the company's stock.
Rockwell Automation Price Performance
Shares of ROK stock opened at $343.80 on Friday. The stock's fifty day simple moving average is $343.94 and its 200 day simple moving average is $300.75. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72. The firm has a market cap of $38.65 billion, a price-to-earnings ratio of 40.35, a P/E/G ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $360.92.
Rockwell Automation (NYSE:ROK - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.67 by $0.15. The business 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%.Rockwell Automation's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.71 EPS. On average, analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.
Rockwell Automation Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors 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 annualized dividend and a yield of 1.5%. Rockwell Automation's payout ratio is currently 61.50%.
Insider Transactions at Rockwell Automation
In other Rockwell Automation news, SVP Christopher Nardecchia sold 551 shares of Rockwell Automation 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 owned 12,711 shares in the company, valued at approximately $4,147,726.41. The trade was a 4.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Matheus De A. G. Viera Bulho sold 526 shares of Rockwell Automation stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $325.35, for a total value of $171,134.10. Following the completion of the transaction, the senior vice president owned 983 shares of the company's stock, valued at approximately $319,819.05. The trade was a 34.86% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,368 shares of company stock worth $2,871,129. 0.68% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of analysts have commented on ROK shares. CICC Research started coverage on Rockwell Automation in a research report on Monday, July 7th. They issued an "outperform" rating and a $381.00 price objective for the company. Wells Fargo & Company set a $345.00 price objective on Rockwell Automation and gave the stock an "equal weight" rating in a research report on Friday, August 8th. JPMorgan Chase & Co. raised their price objective on Rockwell Automation from $271.00 to $299.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Barclays raised their price objective on Rockwell Automation from $357.00 to $370.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $340.16.
Read Our Latest Stock Report on Rockwell Automation
Rockwell Automation Profile
(
Free Report)
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.
Further Reading
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