Bartlett & Co. LLC purchased a new stake in Rockwell Automation (NYSE:ROK) during the first quarter, according to its most recent filing with the SEC. The firm purchased 42,534 shares of the industrial products company’s stock, valued at approximately $6,419,000.

Other hedge funds also recently made changes to their positions in the company. Solstein Capital LLC acquired a new stake in Rockwell Automation during the 4th quarter worth approximately $33,000. Delta Asset Management LLC TN acquired a new stake in Rockwell Automation during the 4th quarter worth approximately $33,000. FinTrust Capital Advisors LLC acquired a new stake in Rockwell Automation during the 4th quarter worth approximately $34,000. NWK Group Inc. acquired a new stake in Rockwell Automation during the 4th quarter worth approximately $37,000. Finally, Total Clarity Wealth Management Inc. acquired a new stake in shares of Rockwell Automation in the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 74.69% of the company’s stock.

A number of research firms have recently issued reports on ROK. Gordon Haskett upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $175.00 price objective on the stock in a report on Wednesday, March 25th. Citigroup lifted their price objective on shares of Rockwell Automation from $155.00 to $198.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Oppenheimer raised their target price on shares of Rockwell Automation from $182.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Gabelli cut shares of Rockwell Automation from a “hold” rating to a “sell” rating in a research note on Friday, May 1st. Finally, TheStreet raised shares of Rockwell Automation from a “c+” rating to a “b” rating in a research note on Wednesday, January 29th. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $185.24.

ROK stock traded up $7.84 during midday trading on Friday, reaching $197.87. The company had a trading volume of 3,213,680 shares, compared to its average volume of 1,137,084. The company has a market capitalization of $22.39 billion, a price-to-earnings ratio of 32.65, a price-to-earnings-growth ratio of 3.45 and a beta of 1.47. The stock has a 50 day moving average price of $170.31 and a 200-day moving average price of $186.25. Rockwell Automation has a 1-year low of $115.38 and a 1-year high of $209.60. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.57 and a quick ratio of 1.21.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.43 EPS for the quarter, beating the Zacks’ consensus estimate of $1.82 by $0.61. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.61 billion. Rockwell Automation had a return on equity of 118.85% and a net margin of 10.54%. Rockwell Automation’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.04 earnings per share. As a group, research analysts anticipate that Rockwell Automation will post 7.2 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Monday, May 18th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.06%. The ex-dividend date is Friday, May 15th. Rockwell Automation’s payout ratio is 47.06%.

In other Rockwell Automation news, Director James Phillip Holloman sold 1,582 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $194.34, for a total transaction of $307,445.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.77% of the stock is currently owned by insiders.

Rockwell Automation Company Profile

Rockwell Automation, Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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