Mandatum Life Insurance Co Ltd Holds Position in Rockwell Automation, Inc. (ROK)

Mandatum Life Insurance Co Ltd held its stake in Rockwell Automation, Inc. (NYSE:ROK) during the fourth quarter, Holdings Channel reports. The firm owned 26,777 shares of the company’s stock at the end of the fourth quarter. Rockwell Automation comprises 0.5% of Mandatum Life Insurance Co Ltd’s holdings, making the stock its 22nd largest position. Mandatum Life Insurance Co Ltd’s holdings in Rockwell Automation were worth $3,599,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Sigma Planning Corp boosted its stake in Rockwell Automation by 0.3% in the third quarter. Sigma Planning Corp now owns 3,020 shares of the company’s stock worth $370,000 after buying an additional 8 shares in the last quarter. Sfmg LLC boosted its stake in shares of Rockwell Automation by 0.5% in the second quarter. Sfmg LLC now owns 1,764 shares of the company’s stock worth $203,000 after buying an additional 9 shares during the period. Park National Corp OH boosted its stake in shares of Rockwell Automation by 0.5% in the third quarter. Park National Corp OH now owns 1,863 shares of the company’s stock worth $228,000 after buying an additional 10 shares during the period. Bank of Hawaii boosted its stake in shares of Rockwell Automation by 0.5% in the third quarter. Bank of Hawaii now owns 2,122 shares of the company’s stock worth $260,000 after buying an additional 10 shares during the period. Finally, Shinko Asset Management Co. Ltd. boosted its stake in shares of Rockwell Automation by 0.4% in the third quarter. Shinko Asset Management Co. Ltd. now owns 3,211 shares of the company’s stock worth $393,000 after buying an additional 12 shares during the period. Institutional investors and hedge funds own 72.56% of the company’s stock.

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

Shares of Rockwell Automation, Inc. (NYSE:ROK) traded down 0.63% during trading on Friday, reaching $150.93. 210,465 shares of the company’s stock were exchanged. Rockwell Automation, Inc. has a 52-week low of $99.67 and a 52-week high of $155.44. The company has a market capitalization of $19.41 billion, a PE ratio of 25.99 and a beta of 1.07. The company has a 50 day moving average price of $144.82 and a 200-day moving average price of $128.35.

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Rockwell Automation (NYSE:ROK) last released its earnings results on Wednesday, January 25th. The company reported $1.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.30. The firm earned $1.49 billion during the quarter, compared to analyst estimates of $1.42 billion. Rockwell Automation had a net margin of 12.77% and a return on equity of 38.57%. The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.49 EPS. On average, equities analysts forecast that Rockwell Automation, Inc. will post $6.29 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 10th. Shareholders of record on Tuesday, February 21st will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, February 16th. Rockwell Automation’s dividend payout ratio is 52.23%.

“Mandatum Life Insurance Co Ltd Holds Position in Rockwell Automation, Inc. (ROK)” was originally posted by Zolmax and is the sole property of of Zolmax. If you are reading this report on another website, it was illegally stolen and republished in violation of international trademark and copyright legislation. The correct version of this report can be viewed at https://zolmax.com/investing/mandatum-life-insurance-co-ltd-holds-position-in-rockwell-automation-inc-rok/1208354.html.

A number of equities research analysts have commented on the company. Barclays PLC increased their target price on Rockwell Automation from $144.00 to $166.00 and gave the company an “overweight” rating in a report on Thursday, January 26th. Gabelli lowered Rockwell Automation from a “hold” rating to a “sell” rating and set a $150.00 price target on the stock. in a research note on Friday, January 27th. Zacks Investment Research raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $171.00 price target on the stock in a research note on Friday, January 27th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Rockwell Automation in a research note on Wednesday, January 25th. Finally, Buckingham Research raised Rockwell Automation from a “neutral” rating to a “buy” rating and set a $162.00 price target on the stock in a research note on Friday, January 20th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $130.36.

In other news, VP Douglas M. Hagerman sold 588 shares of the business’s stock in a transaction dated Thursday, December 8th. The shares were sold at an average price of $137.38, for a total transaction of $80,779.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Douglas M. Hagerman sold 4,200 shares of the business’s stock in a transaction dated Wednesday, November 30th. The stock was sold at an average price of $133.80, for a total transaction of $561,960.00. Following the transaction, the vice president now owns 8,338 shares in the company, valued at approximately $1,115,624.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 243,916 shares of company stock worth $36,201,192. Insiders own 1.65% of the company’s stock.

Rockwell Automation Company Profile

Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.

5 Day Chart for NYSE:ROK

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