Rockwell Automation, Inc. (ROK) Stake Held by KBC Group NV
KBC Group NV maintained its position in Rockwell Automation, Inc. (NYSE:ROK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,197 shares of the industrial products company’s stock at the end of the second quarter. KBC Group NV’s holdings in Rockwell Automation were worth $2,137,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Jacobus Wealth Management Inc. purchased a new position in Rockwell Automation during the first quarter worth approximately $104,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised 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 worth $112,000 after buying an additional 680 shares during the period. Clarkston Capital Partners LLC purchased a new position in Rockwell Automation during the second quarter worth approximately $206,000. Appleton Group LLC purchased a new position in Rockwell Automation during the first quarter worth approximately $213,000. Finally, Hunter Associates Investment Management LLC purchased a new position in Rockwell Automation during the first quarter worth approximately $215,000. Hedge funds and other institutional investors own 73.64% of the company’s stock.
Shares of Rockwell Automation, Inc. (ROK) opened at 159.61 on Monday. The company’s 50 day moving average is $164.05 and its 200-day moving average is $158.22. The company has a market capitalization of $20.49 billion, a P/E ratio of 25.74 and a beta of 1.17. Rockwell Automation, Inc. has a 1-year low of $111.52 and a 1-year high of $167.97.
Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.12. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. Rockwell Automation had a return on equity of 40.71% and a net margin of 13.04%. Rockwell Automation’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.55 earnings per share. On average, equities research analysts forecast that Rockwell Automation, Inc. will post $6.75 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Thursday, August 10th. Rockwell Automation’s dividend payout ratio is currently 49.03%.
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A number of equities analysts have commented on the stock. Zacks Investment Research lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Rockwell Automation in a research report on Friday, August 18th. Wolfe Research assumed coverage on shares of Rockwell Automation in a research report on Tuesday, July 11th. They issued a “peer perform” rating on the stock. BidaskClub lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, HSBC Holdings plc restated a “hold” rating and issued a $147.00 price target (up from $134.00) on shares of Rockwell Automation in a research report on Saturday, July 22nd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $152.27.
In other Rockwell Automation news, SVP Sujeet Chand sold 9,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $159.72, for a total value of $1,517,340.00. Following the completion of the sale, the senior vice president now owns 46,873 shares of the company’s stock, valued at $7,486,555.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kenneth M. Champa sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $159.08, for a total value of $795,400.00. Following the completion of the sale, the insider now directly owns 8,169 shares of the company’s stock, valued at approximately $1,299,524.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 72,925 shares of company stock valued at $11,971,553. 1.65% of the stock is 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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