Eaton Vance Management reduced its holdings in Rockwell Automation (NYSE:ROK) by 34.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 255,623 shares of the industrial products company’s stock after selling 137,258 shares during the quarter. Eaton Vance Management owned approximately 0.21% of Rockwell Automation worth $38,466,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in ROK. Cornerstone Wealth Management LLC increased its holdings in shares of Rockwell Automation by 5.9% in the third quarter. Cornerstone Wealth Management LLC now owns 46,184 shares of the industrial products company’s stock valued at $252,000 after purchasing an additional 2,582 shares during the period. IFM Investors Pty Ltd boosted its stake in shares of Rockwell Automation by 12.5% in the third quarter. IFM Investors Pty Ltd now owns 6,660 shares of the industrial products company’s stock valued at $1,249,000 after buying an additional 738 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its stake in shares of Rockwell Automation by 108.4% in the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 7,256 shares of the industrial products company’s stock valued at $1,367,000 after buying an additional 3,775 shares in the last quarter. Dearborn Partners LLC boosted its stake in shares of Rockwell Automation by 168.1% in the third quarter. Dearborn Partners LLC now owns 4,056 shares of the industrial products company’s stock valued at $761,000 after buying an additional 2,543 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its stake in shares of Rockwell Automation by 0.4% in the third quarter. Retirement Systems of Alabama now owns 149,189 shares of the industrial products company’s stock valued at $27,976,000 after buying an additional 557 shares in the last quarter. Hedge funds and other institutional investors own 75.44% of the company’s stock.
ROK opened at $177.96 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.93 and a debt-to-equity ratio of 0.97. The firm has a market cap of $21.21 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 2.21 and a beta of 1.36. Rockwell Automation has a one year low of $141.46 and a one year high of $198.23.
Rockwell Automation (NYSE:ROK) last posted its earnings results on Tuesday, January 29th. The industrial products company reported $2.21 EPS for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.22. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. Rockwell Automation had a return on equity of 66.47% and a net margin of 12.68%. Rockwell Automation’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.96 earnings per share. On average, equities analysts anticipate that Rockwell Automation will post 9.04 earnings per share 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 given a dividend of $0.97 per share. The ex-dividend date is Friday, February 15th. This represents a $3.88 dividend on an annualized basis and a yield of 2.18%. Rockwell Automation’s payout ratio is 47.84%.
A number of research firms recently weighed in on ROK. Zacks Investment Research upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $188.00 price target on the stock in a research note on Wednesday, November 28th. Credit Suisse Group lifted their price target on Rockwell Automation from $158.00 to $166.00 and gave the company an “underperform” rating in a research note on Wednesday, January 30th. Citigroup lifted their price target on Rockwell Automation to $176.00 and gave the company a “neutral” rating in a research note on Wednesday, January 30th. BMO Capital Markets restated an “outperform” rating and issued a $195.00 price target on shares of Rockwell Automation in a research note on Wednesday, January 30th. Finally, Wells Fargo & Co lifted their price target on Rockwell Automation from $188.00 to $195.00 and gave the company an “outperform” rating in a research note on Wednesday, January 30th. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. Rockwell Automation has an average rating of “Hold” and a consensus target price of $172.06.
In other Rockwell Automation news, CFO Patrick P. Goris sold 177 shares of the business’s stock in a transaction on Friday, December 7th. The stock was sold at an average price of $167.71, for a total transaction of $29,684.67. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Sujeet Chand sold 3,547 shares of the business’s stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $176.25, for a total value of $625,158.75. Following the sale, the senior vice president now owns 51,527 shares in the company, valued at $9,081,633.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,724 shares of company stock worth $6,100,662. 1.43% of the stock is owned by company insiders.
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.
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