Moors & Cabot Inc. increased its holdings in shares of Rockwell Automation (NYSE:ROK) by 13.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,866 shares of the industrial products company’s stock after buying an additional 341 shares during the quarter. Moors & Cabot Inc.’s holdings in Rockwell Automation were worth $504,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in ROK. JPMorgan Chase & Co. grew its holdings in Rockwell Automation by 2.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 871,952 shares of the industrial products company’s stock valued at $163,510,000 after buying an additional 19,184 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Rockwell Automation by 444.4% in the 3rd quarter. Renaissance Technologies LLC now owns 14,700 shares of the industrial products company’s stock valued at $2,757,000 after buying an additional 12,000 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Rockwell Automation by 15.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,770 shares of the industrial products company’s stock valued at $416,000 after buying an additional 381 shares in the last quarter. Diversified Trust Co grew its holdings in Rockwell Automation by 10.7% in the 4th quarter. Diversified Trust Co now owns 1,796 shares of the industrial products company’s stock valued at $270,000 after buying an additional 173 shares in the last quarter. Finally, Eukles Asset Management acquired a new position in Rockwell Automation in the 4th quarter valued at $1,569,000. Institutional investors and hedge funds own 76.15% of the company’s stock.
Shares of ROK stock opened at $160.32 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.59 and a debt-to-equity ratio of 1.45. The firm has a market cap of $18.98 billion, a P/E ratio of 19.77, a price-to-earnings-growth ratio of 2.20 and a beta of 1.34. Rockwell Automation has a twelve month low of $141.46 and a twelve month high of $198.23.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders 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 yield of 2.42%. Rockwell Automation’s dividend payout ratio is presently 47.84%.
ROK has been the topic of a number of research reports. BMO Capital Markets decreased their price objective on Rockwell Automation from $223.00 to $214.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. 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 upped their target price on Rockwell Automation from $188.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, January 30th. HSBC upgraded Rockwell Automation from a “reduce” rating to a “buy” rating and upped their target price for the company from $165.00 to $175.00 in a research report on Friday, January 25th. Finally, Morgan Stanley set a $159.00 target price on Rockwell Automation and gave the company a “sell” rating in a research report on Friday, April 26th. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. Rockwell Automation has a consensus rating of “Hold” and an average price target of $174.71.
In other Rockwell Automation news, SVP Frank C. Kulaszewicz sold 9,231 shares of the stock in a transaction dated 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 transaction, the senior vice president now directly owns 34,893 shares in the company, valued at $6,200,486.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Elik I. Fooks sold 5,100 shares of the stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $177.80, for a total value of $906,780.00. Following the completion of the transaction, the insider now owns 15,597 shares of the company’s stock, valued at $2,773,146.60. The disclosure for this sale can be found here. Insiders sold 14,384 shares of company stock valued at $2,556,521 over the last quarter. Corporate insiders own 1.43% of the company’s stock.
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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