Mitsubishi UFJ Trust & Banking Corp Increases Position in Rockwell Automation, Inc. (ROK)
Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 273,710 shares of the industrial products company’s stock after buying an additional 854 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.21% of Rockwell Automation worth $44,330,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Jacobus Wealth Management Inc. bought a new stake in shares of Rockwell Automation during the first quarter worth $104,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of 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 last quarter. Clarkston Capital Partners LLC bought a new stake in shares of Rockwell Automation during the second quarter worth $206,000. Appleton Group LLC bought a new stake in shares of Rockwell Automation during the first quarter worth $213,000. Finally, Hunter Associates Investment Management LLC bought a new stake in shares of Rockwell Automation during the first quarter worth $215,000. 73.64% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Rockwell Automation, Inc. (ROK) opened at 160.38 on Wednesday. Rockwell Automation, Inc. has a 52 week low of $111.52 and a 52 week high of $167.97. The stock has a 50 day moving average of $164.05 and a 200-day moving average of $158.22. The stock has a market capitalization of $20.59 billion, a PE ratio of 25.86 and a beta of 1.17.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings data 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 firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations 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 was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.55 earnings per share. On average, equities research analysts expect that Rockwell Automation, Inc. will post $6.75 EPS 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 given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Thursday, August 10th. Rockwell Automation’s dividend payout ratio is currently 49.03%.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Rockwell Automation in a research note on Friday, August 18th. Wolfe Research started coverage on shares of Rockwell Automation in a research note on Tuesday, July 11th. They set a “peer perform” rating on the stock. BidaskClub lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, HSBC Holdings plc reissued a “hold” rating and set a $147.00 price objective (up previously from $134.00) on shares of Rockwell Automation in a research note on Saturday, July 22nd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $152.27.
In other news, Director Keith D. Nosbusch sold 10,000 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $165.00, for a total value of $1,650,000.00. Following the completion of the transaction, the director now owns 411,286 shares in the company, valued at $67,862,190. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Keith D. Nosbusch sold 20,000 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $165.50, for a total value of $3,310,000.00. Following the completion of the transaction, the director now owns 411,286 shares of the company’s stock, valued at approximately $68,067,833. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,425 shares of company stock valued at $9,658,813. Company insiders own 1.65% of the company’s stock.
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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