Cliftonlarsonallen Wealth Advisors LLC Has $33,851,000 Stake in Rockwell Automation, Inc. (NYSE:ROK)
Cliftonlarsonallen Wealth Advisors LLC held its position in shares of Rockwell Automation, Inc. (NYSE:ROK) during the second quarter, Holdings Channel reports. The firm owned 209,010 shares of the industrial products company’s stock at the end of the second quarter. Rockwell Automation accounts for about 3.8% of Cliftonlarsonallen Wealth Advisors LLC’s holdings, making the stock its 6th largest position. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Rockwell Automation were worth $33,851,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of ROK. Columbus Circle Investors bought a new stake in shares of Rockwell Automation during the first quarter valued at about $50,905,000. Nisa Investment Advisors LLC increased its stake in shares of Rockwell Automation by 17.9% in the first quarter. Nisa Investment Advisors LLC now owns 31,402 shares of the industrial products company’s stock valued at $4,890,000 after buying an additional 4,760 shares in the last quarter. Boston Advisors LLC increased its stake in shares of Rockwell Automation by 10.2% in the first quarter. Boston Advisors LLC now owns 6,510 shares of the industrial products company’s stock valued at $1,014,000 after buying an additional 600 shares in the last quarter. Lodestar Investment Counsel LLC IL increased its stake in shares of Rockwell Automation by 3.9% in the first quarter. Lodestar Investment Counsel LLC IL now owns 51,082 shares of the industrial products company’s stock valued at $7,954,000 after buying an additional 1,930 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Rockwell Automation during the first quarter valued at about $1,315,000. 73.38% of the stock is currently owned by institutional investors and hedge funds.
Rockwell Automation, Inc. (NYSE:ROK) opened at 165.82 on Tuesday. The company has a market cap of $21.54 billion, a PE ratio of 26.74 and a beta of 1.17. Rockwell Automation, Inc. has a one year low of $111.52 and a one year high of $167.97. The firm has a 50-day moving average of $163.36 and a 200-day moving average of $156.26.
Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.12. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Rockwell Automation had a net margin of 13.04% and a return on equity of 40.71%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.55 earnings per share. On average, analysts predict that Rockwell Automation, Inc. will post $6.75 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be paid a $0.76 dividend. The ex-dividend date is Thursday, August 10th. This represents a $3.04 dividend on an annualized basis and a yield of 1.83%. Rockwell Automation’s payout ratio is currently 49.03%.
Several analysts recently issued reports on the company. J P Morgan Chase & Co upgraded Rockwell Automation from an “underweight” rating to a “neutral” rating and set a $153.00 price target for the company in a report on Thursday, July 27th. BidaskClub downgraded Rockwell Automation from a “hold” rating to a “sell” rating in a report on Sunday, July 30th. Zacks Investment Research upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $182.00 price target for the company in a report on Friday, July 28th. Wolfe Research assumed coverage on Rockwell Automation in a report on Tuesday, July 11th. They issued a “peer perform” rating for the company. Finally, HSBC Holdings plc reiterated a “hold” rating and issued a $147.00 price target (up from $134.00) on shares of Rockwell Automation in a report on Saturday, July 22nd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $152.33.
In related news, insider Elik I. Fooks sold 3,000 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $165.36, for a total value of $496,080.00. Following the sale, the insider now owns 10,799 shares of the company’s stock, valued at $1,785,722.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP John M. Miller sold 1,825 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $165.37, for a total transaction of $301,800.25. The disclosure for this sale can be found here. In the last three months, insiders sold 127,257 shares of company stock worth $20,510,449. 1.65% of the stock is currently owned by insiders.
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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