Alps Advisors Inc. purchased a new stake in Rockwell Automation (NYSE:ROK) during the 2nd quarter, Holdings Channel reports. The fund purchased 3,162 shares of the industrial products company’s stock, valued at approximately $621,000.
Other hedge funds also recently made changes to their positions in the company. Wealthcare Advisory Partners LLC boosted its stake in Rockwell Automation by 333.3% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 676 shares of the industrial products company’s stock valued at $118,000 after buying an additional 520 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new stake in Rockwell Automation in the 1st quarter valued at $139,000. Signaturefd LLC acquired a new stake in Rockwell Automation in the 1st quarter valued at $141,000. WealthTrust Fairport LLC acquired a new stake in Rockwell Automation in the 1st quarter valued at $172,000. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in Rockwell Automation by 191.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,188 shares of the industrial products company’s stock valued at $198,000 after buying an additional 780 shares in the last quarter. 73.10% of the stock is currently owned by institutional investors and hedge funds.
Get Rockwell Automation alerts:ROK has been the topic of several recent analyst reports. TheStreet raised Rockwell Automation from a “c+” rating to a “b” rating in a research note on Wednesday, April 25th. Zacks Investment Research upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $196.00 price objective for the company in a research report on Friday, June 1st. UBS Group cut their price objective on Rockwell Automation from $230.00 to $210.00 and set a “buy” rating for the company in a research report on Thursday, April 26th. ValuEngine upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Monday, May 14th. Finally, Morgan Stanley cut their price objective on Rockwell Automation from $206.00 to $187.00 and set an “equal weight” rating for the company in a research report on Monday, April 30th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company’s stock. Rockwell Automation presently has an average rating of “Hold” and a consensus target price of $185.92.
In other news, VP Steven W. Etzel sold 1,400 shares of the business’s stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $187.68, for a total transaction of $262,752.00. Following the completion of the sale, the vice president now owns 8,668 shares in the company, valued at $1,626,810.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Theodore D. Crandall sold 5,533 shares of the business’s stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $187.34, for a total value of $1,036,552.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,833 shares of company stock valued at $2,193,358. 1.65% of the stock is currently owned by corporate insiders.
Shares of Rockwell Automation opened at $180.33 on Friday, according to Marketbeat.com. The company has a quick ratio of 4.11, a current ratio of 1.93 and a debt-to-equity ratio of 0.85. Rockwell Automation has a 52-week low of $155.81 and a 52-week high of $210.72. The firm has a market capitalization of $23.10 billion, a price-to-earnings ratio of 26.69, a price-to-earnings-growth ratio of 2.01 and a beta of 1.23.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Wednesday, July 25th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.04 by $0.12. Rockwell Automation had a return on equity of 48.24% and a net margin of 5.97%. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the previous year, the company posted $1.76 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. equities research analysts forecast that Rockwell Automation will post 8.02 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 10th. Shareholders of record on Monday, August 13th will be given a $0.92 dividend. The ex-dividend date is Friday, August 10th. This represents a $3.68 annualized dividend and a yield of 2.04%. Rockwell Automation’s payout ratio is 54.44%.
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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