Lodestar Investment Counsel LLC IL Sells 809 Shares of Rockwell Automation (ROK)

Lodestar Investment Counsel LLC IL lessened its holdings in shares of Rockwell Automation (NYSE:ROK) by 1.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,709 shares of the industrial products company’s stock after selling 809 shares during the period. Lodestar Investment Counsel LLC IL’s holdings in Rockwell Automation were worth $7,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Rockwell Automation by 43.7% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 66,144 shares of the industrial products company’s stock worth $9,953,000 after purchasing an additional 20,105 shares during the last quarter. Pure Financial Advisors Inc. purchased a new position in Rockwell Automation in the fourth quarter valued at $225,000. Private Wealth Advisors Inc. purchased a new position in Rockwell Automation in the fourth quarter valued at $742,000. New England Research & Management Inc. purchased a new position in Rockwell Automation in the fourth quarter valued at $233,000. Finally, American Century Companies Inc. purchased a new position in Rockwell Automation in the fourth quarter valued at $12,794,000. 75.29% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have weighed in on the stock. Gabelli reaffirmed a “hold” rating on shares of Rockwell Automation in a report on Friday, April 26th. Morgan Stanley set a $159.00 price objective on shares of Rockwell Automation and gave the company a “sell” rating in a report on Friday, April 26th. Deutsche Bank lifted their price objective on shares of Rockwell Automation from $173.00 to $186.00 and gave the company a “hold” rating in a report on Friday, April 26th. BMO Capital Markets cut their price objective on shares of Rockwell Automation from $223.00 to $214.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Finally, Wells Fargo & Co cut their price objective on shares of Rockwell Automation from $215.00 to $205.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $174.71.

In related news, insider Elik I. Fooks sold 5,100 shares of the business’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $177.80, for a total transaction of $906,780.00. Following the transaction, the insider now directly owns 15,597 shares in the company, valued at $2,773,146.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Frank C. Kulaszewicz sold 9,231 shares of the business’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $177.70, for a total transaction of $1,640,348.70. Following the transaction, the senior vice president now 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 owned by company insiders.

Shares of NYSE ROK opened at $178.77 on Friday. Rockwell Automation has a 52-week low of $141.46 and a 52-week high of $198.23. The stock has a market capitalization of $21.16 billion, a PE ratio of 20.98, a P/E/G ratio of 2.45 and a beta of 1.34. The company has a current ratio of 1.59, a quick ratio of 1.23 and a debt-to-equity ratio of 1.45.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Thursday, April 25th. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.11 by ($0.07). Rockwell Automation had a net margin of 14.43% and a return on equity of 73.82%. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the business earned $1.89 EPS. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. Research analysts predict that Rockwell Automation will post 8.96 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 13th will be given a $0.97 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $3.88 annualized dividend and a dividend yield of 2.17%. Rockwell Automation’s dividend payout ratio (DPR) is 47.84%.

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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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