Dimensional Fund Advisors LP lifted its position in shares of Rockwell Automation (NYSE:ROK) by 0.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 401,812 shares of the industrial products company’s stock after purchasing an additional 1,877 shares during the period. Dimensional Fund Advisors LP owned about 0.33% of Rockwell Automation worth $66,790,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ROK. AdvisorNet Financial Inc lifted its position in shares of Rockwell Automation by 262.2% during the second quarter. AdvisorNet Financial Inc now owns 670 shares of the industrial products company’s stock worth $111,000 after purchasing an additional 485 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in shares of Rockwell Automation by 333.3% during the first quarter. Wealthcare Advisory Partners LLC now owns 676 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 520 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new position in shares of Rockwell Automation during the first quarter worth $139,000. Marshall & Sullivan Inc. WA acquired a new stake in Rockwell Automation in the second quarter valued at $158,000. Finally, Gradient Investments LLC raised its holdings in Rockwell Automation by 14,057.1% in the second quarter. Gradient Investments LLC now owns 991 shares of the industrial products company’s stock valued at $165,000 after acquiring an additional 984 shares in the last quarter. 76.63% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently issued reports on the stock. Wolfe Research assumed coverage on shares of Rockwell Automation in a report on Wednesday, June 27th. They issued a “market perform” rating on the stock. Zacks Investment Research cut shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Monday, August 6th. Morgan Stanley upped their price target on shares of Rockwell Automation from $187.00 to $192.00 and gave the company an “equal weight” rating in a report on Friday, July 27th. UBS Group cut their price target on shares of Rockwell Automation from $210.00 to $205.00 and set a “buy” rating on the stock in a report on Thursday, August 30th. Finally, Goldman Sachs Group cut shares of Rockwell Automation from a “neutral” rating to a “sell” rating and set a $156.00 price target on the stock. in a report on Monday, July 16th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. Rockwell Automation presently has an average rating of “Hold” and an average target price of $184.38.
In other Rockwell Automation news, VP Susan Schmitt sold 4,500 shares of the stock in a transaction on Friday, August 24th. The shares were sold at an average price of $175.02, for a total transaction of $787,590.00. Following the sale, the vice president now directly owns 15,967 shares of the company’s stock, valued at $2,794,544.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Theodore D. Crandall sold 5,533 shares of the stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $187.34, for a total transaction of $1,036,552.22. The disclosure for this sale can be found here. Insiders have sold 11,433 shares of company stock worth $2,086,894 over the last three months. 1.28% of the stock is owned by corporate insiders.
Shares of NYSE:ROK opened at $194.63 on Thursday. The firm has a market cap of $23.60 billion, a price-to-earnings ratio of 28.79, a price-to-earnings-growth ratio of 2.05 and a beta of 1.24. Rockwell Automation has a 1-year low of $155.81 and a 1-year high of $210.72. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.60 and a current ratio of 1.93.
Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, July 25th. The industrial products company reported $2.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.04 by $0.12. The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Rockwell Automation had a net margin of 5.97% and a return on equity of 48.24%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.76 earnings per share. equities research analysts anticipate that Rockwell Automation will post 8.01 EPS for the current year.
Rockwell Automation announced that its Board of Directors has authorized a share buyback program on Thursday, September 6th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the industrial products company to repurchase up to 4.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its shares are undervalued.
Rockwell Automation Company 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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