Rockwell Automation, Inc. (ROK) Shares Bought by TD Asset Management Inc.
TD Asset Management Inc. boosted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 8.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,967 shares of the industrial products company’s stock after buying an additional 4,936 shares during the period. TD Asset Management Inc.’s holdings in Rockwell Automation were worth $9,874,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Rockwell Automation by 3,186.3% in the first quarter. BlackRock Inc. now owns 9,018,663 shares of the industrial products company’s stock valued at $1,404,295,000 after buying an additional 8,744,232 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Rockwell Automation by 231.2% in the first quarter. JPMorgan Chase & Co. now owns 1,377,769 shares of the industrial products company’s stock valued at $214,532,000 after buying an additional 961,760 shares in the last quarter. Schroder Investment Management Group increased its position in shares of Rockwell Automation by 431.1% in the first quarter. Schroder Investment Management Group now owns 701,541 shares of the industrial products company’s stock valued at $109,004,000 after buying an additional 569,441 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Rockwell Automation by 89.5% in the first quarter. TIAA CREF Investment Management LLC now owns 963,764 shares of the industrial products company’s stock valued at $150,068,000 after buying an additional 455,217 shares in the last quarter. Finally, Columbus Circle Investors purchased a new position in shares of Rockwell Automation during the first quarter valued at approximately $50,905,000. Institutional investors and hedge funds own 73.38% of the company’s stock.
Shares of Rockwell Automation, Inc. (ROK) opened at 164.12 on Wednesday. The company has a 50-day moving average price of $164.15 and a 200-day moving average price of $157.63. Rockwell Automation, Inc. has a 12-month low of $111.52 and a 12-month high of $167.97. The firm has a market capitalization of $21.07 billion, a P/E ratio of 26.47 and a beta of 1.17.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.12. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate 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 was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.55 EPS. Equities 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 given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, August 10th. Rockwell Automation’s payout ratio is presently 49.03%.
ROK has been the subject of several research analyst reports. Gabelli upgraded shares of Rockwell Automation from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Cowen and Company upped their price target on shares of Rockwell Automation from $125.00 to $140.00 and gave the stock a “market perform” rating in a report on Thursday, July 6th. Barclays PLC upped their price target on shares of Rockwell Automation from $166.00 to $167.00 and gave the stock an “overweight” rating in a report on Wednesday, April 19th. Morgan Stanley upped their price target on shares of Rockwell Automation from $153.00 to $167.00 and gave the stock an “equal weight” rating in a report on Friday, April 28th. Finally, Zacks Investment Research upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $184.00 price target for the company in a report on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. Rockwell Automation has an average rating of “Hold” and a consensus price target of $152.33.
In related news, SVP Frank C. Kulaszewicz sold 8,000 shares of Rockwell Automation stock in a transaction on Monday, August 7th. The shares were sold at an average price of $165.74, for a total value of $1,325,920.00. Following the transaction, the senior vice president now owns 33,195 shares in the company, valued at approximately $5,501,739.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Frank C. Kulaszewicz sold 4,000 shares of Rockwell Automation stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $158.71, for a total transaction of $634,840.00. Following the completion of the transaction, the senior vice president now owns 29,195 shares in the company, valued at approximately $4,633,538.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 111,825 shares of company stock worth $18,142,463. 1.65% of the stock is owned by corporate 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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