Kelly Financial Services LLC grew its position in shares of Rockwell Automation, Inc. (NYSE:ROK – Free Report) by 6.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,050 shares of the industrial products company’s stock after purchasing an additional 63 shares during the quarter. Kelly Financial Services LLC’s holdings in Rockwell Automation were worth $300,000 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 company. Accredited Investors Inc. grew its stake in shares of Rockwell Automation by 162,058.5% in the 3rd quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company’s stock worth $318,227,000 after purchasing an additional 1,184,648 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Rockwell Automation by 29,591.7% during the third quarter. International Assets Investment Management LLC now owns 936,178 shares of the industrial products company’s stock worth $251,326,000 after buying an additional 933,025 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Rockwell Automation by 33.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company’s stock worth $417,802,000 after buying an additional 390,784 shares during the last quarter. Electron Capital Partners LLC increased its holdings in shares of Rockwell Automation by 484.5% in the second quarter. Electron Capital Partners LLC now owns 412,371 shares of the industrial products company’s stock valued at $104,779,000 after buying an additional 341,814 shares in the last quarter. Finally, Interval Partners LP lifted its position in shares of Rockwell Automation by 479,608.6% during the 2nd quarter. Interval Partners LP now owns 335,656 shares of the industrial products company’s stock valued at $92,399,000 after acquiring an additional 335,726 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.
Insider Activity
In other Rockwell Automation news, VP Scott Genereux sold 278 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $302.04, for a total value of $83,967.12. Following the sale, the vice president now owns 3,184 shares of the company’s stock, valued at $961,695.36. This trade represents a 8.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Isaac Woods sold 895 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $274.72, for a total value of $245,874.40. Following the transaction, the vice president now owns 1,198 shares of the company’s stock, valued at approximately $329,114.56. This trade represents a 42.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,436 shares of company stock valued at $10,832,549 over the last 90 days. 0.68% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Rockwell Automation Stock Up 2.2 %
ROK stock opened at $287.06 on Friday. The firm has a market cap of $32.45 billion, a PE ratio of 34.67, a PEG ratio of 2.87 and a beta of 1.36. Rockwell Automation, Inc. has a 1 year low of $242.81 and a 1 year high of $307.71. The company has a fifty day simple moving average of $287.88 and a 200 day simple moving average of $274.25. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70.
Rockwell Automation (NYSE:ROK – Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The industrial products company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.07. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. The business’s quarterly revenue was down 20.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.64 earnings per share. Sell-side analysts anticipate that Rockwell Automation, Inc. will post 9.37 EPS for the current fiscal year.
Rockwell Automation Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th were issued a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a yield of 1.83%. The ex-dividend date was Monday, November 18th. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.25. Rockwell Automation’s dividend payout ratio (DPR) is 63.29%.
Rockwell Automation Company Profile
Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.
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