Keel Point LLC Has $268,000 Stake in Rockwell Automation, Inc. (ROK)
Keel Point LLC raised its stake in Rockwell Automation, Inc. (NYSE:ROK) by 0.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,718 shares of the industrial products company’s stock after buying an additional 5 shares during the period. Keel Point LLC’s holdings in Rockwell Automation were worth $268,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Jacobus Wealth Management Inc. acquired a new position in Rockwell Automation during the first quarter valued at approximately $104,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in Rockwell Automation by 1,700.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 720 shares of the industrial products company’s stock valued at $112,000 after buying an additional 680 shares during the last quarter. Appleton Group LLC acquired a new position in Rockwell Automation during the first quarter valued at approximately $213,000. Hunter Associates Investment Management LLC acquired a new position in Rockwell Automation during the first quarter valued at approximately $215,000. Finally, S&CO Inc. acquired a new position in Rockwell Automation during the first quarter valued at approximately $216,000. 73.94% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Rockwell Automation, Inc. (NYSE ROK) opened at 159.37 on Wednesday. The firm has a market cap of $20.53 billion, a price-to-earnings ratio of 26.60 and a beta of 1.08. Rockwell Automation, Inc. has a 12-month low of $107.17 and a 12-month high of $165.39. The stock’s 50 day moving average is $158.77 and its 200 day moving average is $150.77.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $1.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.15. Rockwell Automation had a net margin of 12.88% and a return on equity of 39.71%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the firm posted $1.37 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Equities analysts expect that Rockwell Automation, Inc. will post $6.64 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Thursday, August 10th. Rockwell Automation’s dividend payout ratio (DPR) is presently 50.75%.
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Several equities analysts have commented on ROK shares. 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. BidaskClub upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Morgan Stanley upped their price target on shares of Rockwell Automation from $153.00 to $167.00 and gave the company an “equal weight” rating in a report on Friday, April 28th. Stifel Nicolaus upped their price target on shares of Rockwell Automation from $159.00 to $167.00 and gave the company a “hold” rating in a report on Friday, April 28th. Finally, Gabelli upgraded shares of Rockwell Automation from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $141.50.
In related news, Director Keith D. Nosbusch sold 20,000 shares of the stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $157.50, for a total value of $3,150,000.00. Following the completion of the transaction, the director now owns 411,286 shares of the company’s stock, valued at approximately $64,777,545. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Betty C. Alewine sold 7,173 shares of the stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $158.52, for a total transaction of $1,137,063.96. Following the completion of the transaction, the director now directly owns 20,584 shares of the company’s stock, valued at approximately $3,262,975.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 129,605 shares of company stock valued at $20,469,855. 1.65% of the stock is currently owned by insiders.
Rockwell Automation Company Profile
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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