Massmutual Trust Co. FSB ADV boosted its stake in shares of Rockwell Automation (NYSE:ROK) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,761 shares of the industrial products company’s stock after purchasing an additional 510 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Rockwell Automation were worth $1,318,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. boosted its position in Rockwell Automation by 10.2% during the fourth quarter. BlackRock Inc. now owns 9,882,329 shares of the industrial products company’s stock valued at $1,487,092,000 after purchasing an additional 918,161 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in Rockwell Automation by 15,107.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,142,955 shares of the industrial products company’s stock valued at $34,000 after buying an additional 5,109,136 shares during the period. Franklin Resources Inc. raised its stake in Rockwell Automation by 7.5% in the third quarter. Franklin Resources Inc. now owns 1,847,004 shares of the industrial products company’s stock valued at $346,362,000 after buying an additional 128,265 shares during the period. Geode Capital Management LLC raised its stake in Rockwell Automation by 5.6% in the fourth quarter. Geode Capital Management LLC now owns 1,702,053 shares of the industrial products company’s stock valued at $255,708,000 after buying an additional 90,580 shares during the period. Finally, Northern Trust Corp raised its stake in Rockwell Automation by 1.2% in the fourth quarter. Northern Trust Corp now owns 1,452,399 shares of the industrial products company’s stock valued at $218,556,000 after buying an additional 17,705 shares during the period. 75.39% of the stock is owned by hedge funds and other institutional investors.
In other Rockwell Automation news, insider Elik I. Fooks sold 5,100 shares of the firm’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $177.80, for a total transaction of $906,780.00. Following the transaction, the insider now owns 15,597 shares in the company, valued at approximately $2,773,146.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Frank C. Kulaszewicz sold 9,231 shares of the firm’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $177.70, for a total value of $1,640,348.70. Following the transaction, the senior vice president now owns 34,893 shares in the company, valued at approximately $6,200,486.10. The disclosure for this sale can be found here. 1.43% of the stock is owned by company insiders.
Rockwell Automation (NYSE:ROK) last announced its earnings results on Tuesday, January 29th. The industrial products company reported $2.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.22. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Rockwell Automation had a return on equity of 66.47% and a net margin of 12.68%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.96 earnings per share. Analysts forecast that Rockwell Automation will post 9.02 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 13th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $3.88 dividend on an annualized basis and a yield of 2.04%. Rockwell Automation’s dividend payout ratio (DPR) is presently 47.84%.
Several analysts have issued reports on the company. Zacks Investment Research lowered Rockwell Automation from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. Barclays dropped their price objective on Rockwell Automation from $170.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Monday, January 7th. Wolfe Research lowered Rockwell Automation to a “market perform” rating in a research note on Tuesday, January 8th. BMO Capital Markets assumed coverage on Rockwell Automation in a research note on Friday, January 18th. They issued an “outperform” rating and a $185.00 price objective on the stock. Finally, Credit Suisse Group restated an “underperform” rating and issued a $158.00 price objective (down previously from $170.00) on shares of Rockwell Automation in a research note on Thursday, January 3rd. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $171.13.
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About Rockwell Automation
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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