International Assets Investment Management LLC lowered its position in Rockwell Automation, Inc. (NYSE:ROK – Free Report) by 41.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 815 shares of the industrial products company’s stock after selling 577 shares during the quarter. International Assets Investment Management LLC’s holdings in Rockwell Automation were worth $239,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the company. Carmel Capital Partners LLC boosted its stake in Rockwell Automation by 6.0% in the 1st quarter. Carmel Capital Partners LLC now owns 3,243 shares of the industrial products company’s stock worth $952,000 after buying an additional 184 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in Rockwell Automation by 1.4% during the 1st quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the industrial products company’s stock worth $2,201,000 after purchasing an additional 100 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Rockwell Automation during the 1st quarter worth approximately $120,000. Nordea Investment Management AB grew its position in shares of Rockwell Automation by 196.8% in the 1st quarter. Nordea Investment Management AB now owns 45,772 shares of the industrial products company’s stock worth $13,290,000 after acquiring an additional 30,348 shares in the last quarter. Finally, Brookstone Capital Management grew its position in shares of Rockwell Automation by 7.3% in the 1st quarter. Brookstone Capital Management now owns 938 shares of the industrial products company’s stock worth $261,000 after acquiring an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 79.28% of the company’s stock.
Insider Transactions at Rockwell Automation
In other Rockwell Automation news, VP John M. Miller sold 556 shares of the stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $279.09, for a total value of $155,174.04. Following the transaction, the vice president now directly owns 4,281 shares in the company, valued at approximately $1,194,784.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP John M. Miller sold 556 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $279.09, for a total transaction of $155,174.04. Following the sale, the vice president now owns 4,281 shares of the company’s stock, valued at approximately $1,194,784.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Scott Genereux sold 500 shares of Rockwell Automation stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $280.00, for a total value of $140,000.00. Following the completion of the sale, the vice president now directly owns 3,376 shares in the company, valued at approximately $945,280. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,217 shares of company stock valued at $4,687,705. Corporate insiders own 0.64% of the company’s stock.
Rockwell Automation Trading Up 0.0 %
Rockwell Automation (NYSE:ROK – Free Report) last posted its quarterly earnings results on Thursday, April 27th. The industrial products company reported $3.01 EPS for the quarter, beating the consensus estimate of $2.60 by $0.41. The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Rockwell Automation had a return on equity of 42.15% and a net margin of 15.82%. The company’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.66 EPS. As a group, equities analysts forecast that Rockwell Automation, Inc. will post 12.01 EPS for the current year.
Rockwell Automation Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be issued a $1.18 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $4.72 dividend on an annualized basis and a dividend yield of 1.43%. Rockwell Automation’s payout ratio is presently 41.55%.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. Mizuho lifted their target price on Rockwell Automation from $260.00 to $270.00 in a research report on Friday, April 28th. Sanford C. Bernstein boosted their price objective on Rockwell Automation from $250.00 to $290.00 in a research report on Thursday, May 11th. Wells Fargo & Company reduced their price objective on Rockwell Automation from $245.00 to $238.00 and set an “underweight” rating for the company in a research report on Thursday, April 13th. Barclays boosted their price target on Rockwell Automation from $250.00 to $262.00 in a research report on Friday, April 28th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Rockwell Automation from $272.00 to $273.00 and gave the stock a “hold” rating in a research report on Wednesday, April 12th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Rockwell Automation currently has a consensus rating of “Hold” and a consensus target price of $275.63.
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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