Ashfield Capital Partners LLC Purchases 4,138 Shares of Rockwell Automation (ROK)
Ashfield Capital Partners LLC boosted its position in Rockwell Automation (NYSE:ROK) by 106.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,024 shares of the industrial products company’s stock after buying an additional 4,138 shares during the period. Ashfield Capital Partners LLC’s holdings in Rockwell Automation were worth $1,249,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ROK. WESPAC Advisors LLC purchased a new position in Rockwell Automation during the first quarter worth approximately $287,000. Toronto Dominion Bank boosted its position in Rockwell Automation by 54.9% in the first quarter. Toronto Dominion Bank now owns 34,848 shares of the industrial products company’s stock worth $5,425,000 after buying an additional 12,350 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Rockwell Automation by 29.8% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,539 shares of the industrial products company’s stock worth $1,485,000 after buying an additional 2,188 shares during the last quarter. Neuburgh Advisers LLC boosted its position in Rockwell Automation by 5.9% in the first quarter. Neuburgh Advisers LLC now owns 2,288 shares of the industrial products company’s stock worth $356,000 after buying an additional 128 shares during the last quarter. Finally, Parkwood LLC purchased a new position in Rockwell Automation during the first quarter worth approximately $352,000. 72.56% of the stock is currently owned by institutional investors and hedge funds.
Rockwell Automation (NYSE:ROK) traded up 0.79% during mid-day trading on Thursday, reaching $159.26. 1,060,593 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $155.70 and its 200 day moving average price is $146.86. The stock has a market capitalization of $20.52 billion, a PE ratio of 26.58 and a beta of 1.07. Rockwell Automation has a 12 month low of $107.17 and a 12 month high of $165.00.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, April 26th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.15. Rockwell Automation had a return on equity of 38.57% and a net margin of 12.77%. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the company posted $1.37 earnings per share. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. Equities research analysts predict that Rockwell Automation will post $6.64 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 12th. Shareholders of record on Monday, May 15th will be paid a dividend of $0.76 per share. The ex-dividend date is Thursday, May 11th. This represents a $3.04 annualized dividend and a yield of 1.91%. Rockwell Automation’s dividend payout ratio is currently 52.23%.
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A number of research analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of Rockwell Automation from $153.00 to $167.00 and gave the stock an “equal weight” rating in a research report on Friday, April 28th. Stifel Nicolaus boosted their target price on shares of Rockwell Automation from $159.00 to $167.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Barclays PLC set a $176.00 target price on shares of Rockwell Automation and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Credit Suisse Group AG reissued a “hold” rating and set a $155.00 target price on shares of Rockwell Automation in a research report on Thursday, April 27th. Finally, Gabelli raised shares of Rockwell Automation from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $141.50.
In other Rockwell Automation news, VP Susan Schmitt sold 13,700 shares of the stock in a transaction on Monday, February 27th. The stock was sold at an average price of $150.92, for a total transaction of $2,067,604.00. Following the completion of the transaction, the vice president now directly owns 23,324 shares in the company, valued at $3,520,058.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John P. Mcdermott sold 16,875 shares of the stock in a transaction on Friday, February 24th. The stock was sold at an average price of $150.52, for a total value of $2,540,025.00. Following the transaction, the insider now owns 54,509 shares of the company’s stock, valued at $8,204,694.68. The disclosure for this sale can be found here. Insiders have sold 169,580 shares of company stock valued at $26,288,644 over the last quarter. Corporate insiders own 1.65% of the company’s stock.
About Rockwell Automation
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.
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