KBC Group NV decreased its stake in shares of Rockwell Automation (NYSE:ROK) by 13.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,637 shares of the industrial products company’s stock after selling 1,605 shares during the quarter. KBC Group NV’s holdings in Rockwell Automation were worth $1,601,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. SRS Capital Advisors Inc. lifted its holdings in Rockwell Automation by 3,577.8% during the 3rd quarter. SRS Capital Advisors Inc. now owns 662 shares of the industrial products company’s stock valued at $124,000 after buying an additional 644 shares in the last quarter. Ropes Wealth Advisors LLC raised its holdings in shares of Rockwell Automation by 200.0% in the 3rd quarter. Ropes Wealth Advisors LLC now owns 750 shares of the industrial products company’s stock valued at $141,000 after purchasing an additional 500 shares in the last quarter. Belpointe Asset Management LLC bought a new stake in shares of Rockwell Automation in the 3rd quarter valued at about $149,000. Gofen & Glossberg LLC IL bought a new stake in shares of Rockwell Automation in the 3rd quarter valued at about $201,000. Finally, First Citizens Bank & Trust Co. bought a new stake in shares of Rockwell Automation in the 3rd quarter valued at about $207,000. Institutional investors own 80.07% of the company’s stock.
Several equities research analysts have recently commented on the stock. BMO Capital Markets restated an “outperform” rating and issued a $195.00 price target on shares of Rockwell Automation in a report on Wednesday, January 30th. Wells Fargo & Co boosted their price target on shares of Rockwell Automation from $188.00 to $195.00 and gave the company an “outperform” rating in a report on Wednesday, January 30th. Credit Suisse Group boosted their price target on shares of Rockwell Automation from $158.00 to $166.00 and gave the company an “underperform” rating in a report on Wednesday, January 30th. Citigroup boosted their price target on shares of Rockwell Automation to $176.00 and gave the company a “neutral” rating in a report on Wednesday, January 30th. Finally, HSBC upgraded shares of Rockwell Automation from a “reduce” rating to a “buy” rating and boosted their price target for the company from $165.00 to $175.00 in a report on Friday, January 25th. Six research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. Rockwell Automation currently has a consensus rating of “Hold” and an average price target of $172.06.
In other Rockwell Automation news, CEO Blake D. Moret sold 5,584 shares of the business’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $175.97, for a total transaction of $982,616.48. Following the sale, the chief executive officer now owns 41,196 shares of the company’s stock, valued at approximately $7,249,260.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Patrick P. Goris sold 177 shares of the business’s stock in a transaction that occurred on Friday, December 7th. The stock was sold at an average price of $167.71, for a total transaction of $29,684.67. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,724 shares of company stock worth $6,100,662. 1.43% of the stock is owned by insiders.
Shares of Rockwell Automation stock opened at $169.44 on Monday. The company has a current ratio of 1.21, a quick ratio of 0.93 and a debt-to-equity ratio of 0.97. Rockwell Automation has a 52-week low of $141.46 and a 52-week high of $198.23. The company has a market capitalization of $20.26 billion, a PE ratio of 20.89, a PEG ratio of 2.11 and a beta of 1.36.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Tuesday, January 29th. The industrial products company reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.22. Rockwell Automation had a net margin of 12.68% and a return on equity of 66.47%. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the previous year, the firm earned $1.96 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, equities research analysts expect that Rockwell Automation will post 9.04 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Tuesday, February 19th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Friday, February 15th. Rockwell Automation’s dividend payout ratio is presently 47.84%.
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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