Machina Capital S.A.S. Takes Position in Rockwell Automation (ROK)

Machina Capital S.A.S. purchased a new position in Rockwell Automation (NYSE:ROK) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,098 shares of the industrial products company’s stock, valued at approximately $466,000.

A number of other large investors have also modified their holdings of the business. BlackRock Inc. grew its position in shares of Rockwell Automation by 10.2% during the 4th quarter. BlackRock Inc. now owns 9,882,329 shares of the industrial products company’s stock worth $1,487,092,000 after buying an additional 918,161 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Rockwell Automation by 15,107.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,142,955 shares of the industrial products company’s stock worth $34,000 after buying an additional 5,109,136 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Rockwell Automation by 5.6% during the 4th quarter. Geode Capital Management LLC now owns 1,702,053 shares of the industrial products company’s stock worth $255,708,000 after buying an additional 90,580 shares in the last quarter. Northern Trust Corp grew its position in shares of Rockwell Automation by 1.2% during the 4th quarter. Northern Trust Corp now owns 1,452,399 shares of the industrial products company’s stock worth $218,556,000 after buying an additional 17,705 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Rockwell Automation by 11.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,237,425 shares of the industrial products company’s stock worth $186,210,000 after buying an additional 130,704 shares in the last quarter. 75.39% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently issued reports on ROK. Zacks Investment Research downgraded Rockwell Automation from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Rockwell Automation in a research report on Wednesday, April 10th. UBS Group downgraded Rockwell Automation from a “buy” rating to a “neutral” rating and raised their price objective for the company from $182.00 to $190.00 in a research report on Wednesday, March 20th. BMO Capital Markets reaffirmed an “outperform” rating and set a $195.00 price objective on shares of Rockwell Automation in a research report on Wednesday, January 30th. Finally, Credit Suisse Group raised their price objective on Rockwell Automation from $158.00 to $166.00 and gave the company an “underperform” rating in a research report on Wednesday, January 30th. Six analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $171.13.

ROK stock traded down $0.55 during trading on Wednesday, hitting $188.90. 795,734 shares of the company traded hands, compared to its average volume of 883,439. The company has a current ratio of 1.21, a quick ratio of 0.93 and a debt-to-equity ratio of 0.97. The stock has a market cap of $22.70 billion, a P/E ratio of 23.29, a P/E/G ratio of 2.37 and a beta of 1.35. Rockwell Automation has a 1 year low of $141.46 and a 1 year high of $198.23.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Tuesday, January 29th. The industrial products company reported $2.21 EPS for the quarter, beating the consensus estimate of $1.99 by $0.22. Rockwell Automation had a return on equity of 66.47% and a net margin of 12.68%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period last year, the company earned $1.96 earnings per share. Rockwell Automation’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, research analysts predict that Rockwell Automation will post 9.02 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 13th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 2.05%. The ex-dividend date is Friday, May 10th. Rockwell Automation’s payout ratio is currently 47.84%.

In other news, insider Elik I. Fooks sold 5,100 shares of Rockwell Automation stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $177.80, for a total value of $906,780.00. Following the sale, the insider now directly owns 15,597 shares of the company’s stock, valued at $2,773,146.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Frank C. Kulaszewicz sold 9,231 shares of Rockwell Automation stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 34,893 shares in the company, valued at $6,200,486.10. The disclosure for this sale can be found here. 1.43% of the stock is currently owned by company insiders.

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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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