Asahi Life Asset Management CO. LTD. decreased its position in Rockwell Automation (NYSE:ROK) by 14.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,610 shares of the industrial products company’s stock after selling 440 shares during the period. Asahi Life Asset Management CO. LTD.’s holdings in Rockwell Automation were worth $458,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. acquired a new stake in shares of Rockwell Automation during the first quarter valued at $35,000. ERn Financial LLC boosted its stake in Rockwell Automation by 5.0% in the 1st quarter. ERn Financial LLC now owns 2,116 shares of the industrial products company’s stock worth $398,000 after buying an additional 100 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Rockwell Automation by 43.7% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 66,144 shares of the industrial products company’s stock worth $9,953,000 after buying an additional 20,105 shares during the last quarter. Private Wealth Advisors Inc. acquired a new stake in Rockwell Automation in the 4th quarter worth about $742,000. Finally, American Century Companies Inc. acquired a new stake in Rockwell Automation in the 4th quarter worth about $12,794,000. 76.15% of the stock is currently owned by institutional investors.
A number of brokerages have issued reports on ROK. Zacks Investment Research lowered Rockwell Automation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. Wells Fargo & Co reissued a “buy” rating on shares of Rockwell Automation in a research note on Wednesday, April 10th. Gabelli reissued a “hold” rating on shares of Rockwell Automation in a research note on Friday, April 26th. UBS Group lowered Rockwell Automation from a “buy” rating to a “neutral” rating and raised their price target for the stock from $182.00 to $190.00 in a research note on Wednesday, March 20th. Finally, Deutsche Bank raised their price target on Rockwell Automation from $173.00 to $186.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $174.71.
Rockwell Automation stock opened at $162.22 on Thursday. The stock has a market capitalization of $19.04 billion, a PE ratio of 20.00, a PEG ratio of 2.20 and a beta of 1.34. The company has a current ratio of 1.59, a quick ratio of 1.23 and a debt-to-equity ratio of 1.45. Rockwell Automation has a 12 month low of $141.46 and a 12 month high of $198.23.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Thursday, April 25th. The industrial products company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.07). The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Rockwell Automation had a return on equity of 73.82% and a net margin of 14.43%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the business earned $1.89 earnings per share. On average, equities analysts forecast that Rockwell Automation will post 8.96 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 13th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.39%. Rockwell Automation’s dividend payout ratio (DPR) is 47.84%.
In related news, insider Elik I. Fooks sold 5,100 shares of the firm’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $177.80, for a total transaction of $906,780.00. Following the sale, the insider now directly owns 15,597 shares in the company, valued at approximately $2,773,146.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Frank C. Kulaszewicz sold 9,231 shares of the firm’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $177.70, for a total value of $1,640,348.70. Following the sale, the senior vice president now owns 34,893 shares in the company, valued at $6,200,486.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,384 shares of company stock worth $2,556,521. Company insiders own 1.43% of the company’s stock.
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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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