Stephens Inc. AR raised its holdings in shares of Rockwell Automation, Inc. (NYSE: ROK – Get Rating) by 3.9% in the 4th quarter, Holdings Channel reports. The firm owned 4,413 shares of the industrial products company stock after purchasing an additional 164 shares during the quarter. Stephens Inc. AR’s holdings in Rockwell Automation were worth $ 1,539,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in ROK. Harbor Investment Advisory LLC boosted its holdings in Rockwell Automation by 64.3% in the fourth quarter. Harbor Investment Advisory LLC now owns 92 shares of the industrial products company stock worth $ 32,000 after acquiring an additional 36 shares in the last quarter. Covestor Ltd acquired a new stake in shares of Rockwell Automation in the fourth quarter valued at about $ 35,000. Equitec Proprietary Markets LLC acquired a new stake in shares of Rockwell Automation in the fourth quarter valued at about $ 38,000. Maverick Capital Ltd. purchased a new position in shares of Rockwell Automation in the third quarter worth about $ 41,000. Finally, Godsey & Gibb Associates purchased a new position in Rockwell Automation during the fourth quarter worth about $ 44,000. Institutional investors and hedge funds own 78.21% of the company stock.
Shares of ROK opened at $ 193.39 on Wednesday. The company 50 day moving average price is $ 221.79 and its 200 day moving average price is $ 271.80. Rockwell Automation, Inc. has a 52 week low of $ 190.88 and a 52 week high of $ 354.99. The company has a market capitalization of $ 22.48 billion, a PE ratio of 35.16, a PEG ratio of 1.96 and a beta of 1.42. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 1.09.
Rockwell Automation (NYSE: ROK – Get Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The industrial products company reported $ 1.66 EPS for the quarter, missing analysts’ consensus estimates of $ 2.27 by ($ 0.61). Rockwell Automation had a net margin of 8.81% and a return on equity of 35.96%. The company had revenue of $ 1.81 billion for the quarter, compared to analysts’ expectations of $ 1.98 billion. During the same period in the previous year, the firm posted $ 2.41 earnings per share. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, equities analysts forecast that Rockwell Automation, Inc. will post 9.22 earnings per share for the current fiscal year.
Rockwell Automation announced that its Board of Directors has authorized a share buyback program on Tuesday, May 3rd that permits the company to repurchase $ 1.00 billion in shares. This repurchase authorization permits the industrial products company to repurchase up to 4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company management believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 12th. Shareholders of record on Monday, August 15th will be paid a $ 1.12 dividend. This represents a $ 4.48 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Friday, August 12th. Rockwell Automation’s dividend payout ratio (DPR) is presently 81.45%.
In other Rockwell Automation news, SVP Cyril Perducat sold 664 shares of Rockwell Automation stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $ 217.75, for a total value of $ 144,586.00. Following the completion of the sale, the senior vice president now directly owns 1,576 shares in the company, valued at $ 343,174. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Patricia A. Watson acquired 1,110 shares of Rockwell Automation stock in a transaction dated Thursday, May 5th. The stock was purchased at an average price of $ 219.58 per share, with a total value of $ 243,733.80. Following the completion of the purchase, the director now directly owns 4,827 shares of the company stock, valued at approximately $ 1,059,912.66. The disclosure for this purchase can be found here. 0.68% of the stock is owned by insiders.
Several research analysts have commented on ROK shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Rockwell Automation from $ 318.00 to $ 292.00 and set a “hold” rating for the company in a report on Thursday, April 14th. HSBC dropped their price target on Rockwell Automation from $ 293.00 to $ 240.00 in a research report on Tuesday, May 10th. Mizuho decreased their price target on Rockwell Automation from $ 345.00 to $ 215.00 in a research note on Wednesday, May 4th. Barclays decreased their price target on Rockwell Automation from $ 220.00 to $ 200.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 24th. Finally, Wells Fargo & Company cut their price target on Rockwell Automation from $ 261.00 to $ 212.00 in a report on Wednesday, May 4th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $ 263.06.
Rockwell Automation Profile: (Get Rating)
Rockwell Automation, Inc. provides industrial automation and digital transformation solutions in the United States and internationally. The company operates in three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products, and services.
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