Global X MANAGEMENT CO LLC Acquires 1,093 Shares of Rockwell Automation, Inc. (ROK)
Global X MANAGEMENT CO LLC lifted its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 8.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,919 shares of the industrial products company’s stock after purchasing an additional 1,093 shares during the period. Global X MANAGEMENT CO LLC’s holdings in Rockwell Automation were worth $2,481,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Old Mutual Global Investors UK Ltd. acquired a new position in Rockwell Automation in the 2nd quarter valued at about $126,891,000. Ameriprise Financial Inc. grew its stake in Rockwell Automation by 277.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,059,003 shares of the industrial products company’s stock valued at $171,517,000 after buying an additional 778,633 shares during the last quarter. BlackRock Inc. grew its stake in Rockwell Automation by 7.5% in the 2nd quarter. BlackRock Inc. now owns 9,698,308 shares of the industrial products company’s stock valued at $1,570,735,000 after buying an additional 679,645 shares during the last quarter. Voya Investment Management LLC grew its stake in Rockwell Automation by 741.5% in the 2nd quarter. Voya Investment Management LLC now owns 695,922 shares of the industrial products company’s stock valued at $112,712,000 after buying an additional 613,225 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in Rockwell Automation by 37.9% in the 2nd quarter. Franklin Resources Inc. now owns 1,156,116 shares of the industrial products company’s stock valued at $187,224,000 after buying an additional 317,777 shares during the last quarter. Institutional investors own 72.90% of the company’s stock.
A number of analysts have issued reports on ROK shares. Zacks Investment Research downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Cowen and Company reissued a “hold” rating and issued a $140.00 price objective on shares of Rockwell Automation in a report on Sunday, September 17th. ValuEngine raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a report on Thursday, September 7th. Credit Suisse Group reaffirmed a “neutral” rating and set a $174.00 price target (up previously from $154.00) on shares of Rockwell Automation in a report on Wednesday, October 11th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $167.00 price target on shares of Rockwell Automation in a report on Wednesday, July 19th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $165.00.
Rockwell Automation, Inc. (NYSE ROK) opened at $192.54 on Tuesday. The stock has a market cap of $24,723.27, a price-to-earnings ratio of 28.53, a P/E/G ratio of 2.21 and a beta of 1.24. Rockwell Automation, Inc. has a 12 month low of $129.66 and a 12 month high of $210.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.00 and a current ratio of 3.46.
Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.72 by ($0.03). Rockwell Automation had a return on equity of 38.67% and a net margin of 13.08%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the company earned $1.52 earnings per share. The firm’s revenue was up 8.4% compared to the same quarter last year. analysts predict that Rockwell Automation, Inc. will post 7.39 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be paid a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.73%. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, November 10th. Rockwell Automation’s dividend payout ratio (DPR) is 52.68%.
In related news, insider Blake D. Moret sold 5,677 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $170.10, for a total transaction of $965,657.70. Following the transaction, the insider now directly owns 21,426 shares of the company’s stock, valued at $3,644,562.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David M. Dorgan sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $165.05, for a total transaction of $495,150.00. Following the transaction, the vice president now directly owns 9,355 shares in the company, valued at $1,544,042.75. The disclosure for this sale can be found here. Insiders sold 10,400 shares of company stock worth $1,753,821 over the last ninety days. Insiders own 1.65% of the company’s stock.
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Rockwell Automation 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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