Chicago Equity Partners LLC Buys 26,285 Shares of Rockwell Automation, Inc. (ROK)
Chicago Equity Partners LLC increased its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 22.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,810 shares of the industrial products company’s stock after buying an additional 26,285 shares during the period. Rockwell Automation comprises approximately 0.6% of Chicago Equity Partners LLC’s investment portfolio, making the stock its 28th largest position. Chicago Equity Partners LLC owned about 0.11% of Rockwell Automation worth $22,968,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in ROK. Jacobus Wealth Management Inc. bought a new stake in Rockwell Automation during the first quarter worth about $104,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position 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 period. Clarkston Capital Partners LLC acquired a new position in shares of Rockwell Automation during the second quarter worth $206,000. Appleton Group LLC acquired a new position in shares of Rockwell Automation during the first quarter worth $213,000. Finally, Hunter Associates Investment Management LLC acquired a new position in shares of Rockwell Automation during the first quarter worth $215,000. 73.64% of the stock is currently owned by institutional investors and hedge funds.
Shares of Rockwell Automation, Inc. (NYSE:ROK) traded up 0.47% on Thursday, hitting $163.39. 79,760 shares of the stock traded hands. The stock has a 50-day moving average price of $164.05 and a 200 day moving average price of $158.22. The firm has a market cap of $20.97 billion, a P/E ratio of 26.35 and a beta of 1.17. Rockwell Automation, Inc. has a 52 week low of $111.52 and a 52 week high of $167.97.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.12. Rockwell Automation had a net margin of 13.04% and a return on equity of 40.71%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the business earned $1.55 earnings per share. Rockwell Automation’s quarterly revenue was up 8.5% compared to the same quarter last year. Equities research analysts predict that Rockwell Automation, Inc. will post $6.75 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.04 annualized dividend and a yield of 1.87%. Rockwell Automation’s dividend payout ratio (DPR) is currently 49.03%.
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A number of equities analysts have weighed in on ROK shares. Cowen and Company boosted their price target on Rockwell Automation from $125.00 to $140.00 and gave the stock a “market perform” rating in a research report on Thursday, July 6th. Credit Suisse Group lowered their price target on Rockwell Automation from $155.00 to $154.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 23rd. Zacks Investment Research raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $182.00 price target on the stock in a research report on Friday, July 28th. J P Morgan Chase & Co upgraded Rockwell Automation from an “underweight” rating to a “neutral” rating and set a $153.00 price objective for the company in a report on Thursday, July 27th. Finally, HSBC Holdings plc restated a “hold” rating and set a $147.00 price objective (up previously from $134.00) on shares of Rockwell Automation in a report on Saturday, July 22nd. Two equities research 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. The stock has an average rating of “Hold” and an average price target of $152.27.
In other Rockwell Automation news, insider Blake D. Moret sold 3,100 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $164.88, for a total transaction of $511,128.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John M. Miller sold 1,825 shares of the stock in a transaction on 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. Insiders have sold 58,425 shares of company stock valued at $9,658,813 in the last quarter. 1.65% of the stock is owned by company 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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