Schechter Investment Advisors LLC grew its holdings in Rockwell Automation, Inc. (NYSE:ROK – Free Report) by 4.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 836 shares of the industrial products company’s stock after purchasing an additional 36 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Rockwell Automation were worth $245,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Rockwell Automation by 0.9% in the first quarter. Vanguard Group Inc. now owns 11,472,877 shares of the industrial products company’s stock worth $3,212,750,000 after purchasing an additional 106,641 shares in the last quarter. Alecta Tjanstepension Omsesidigt lifted its stake in shares of Rockwell Automation by 1.2% during the fourth quarter. Alecta Tjanstepension Omsesidigt now owns 3,013,365 shares of the industrial products company’s stock valued at $776,092,000 after acquiring an additional 35,100 shares during the period. Morgan Stanley lifted its stake in shares of Rockwell Automation by 20.0% during the fourth quarter. Morgan Stanley now owns 2,741,019 shares of the industrial products company’s stock valued at $706,004,000 after acquiring an additional 457,383 shares during the period. Geode Capital Management LLC lifted its stake in shares of Rockwell Automation by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 2,324,137 shares of the industrial products company’s stock valued at $597,524,000 after acquiring an additional 28,866 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Rockwell Automation by 12.1% during the fourth quarter. JPMorgan Chase & Co. now owns 2,318,468 shares of the industrial products company’s stock valued at $597,168,000 after acquiring an additional 249,857 shares during the period. Institutional investors and hedge funds own 79.28% of the company’s stock.
Insider Activity at Rockwell Automation
In related news, VP John M. Miller sold 556 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 4,281 shares of the company’s stock, valued at $1,194,784.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP John M. Miller sold 556 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 4,281 shares of the company’s stock, valued at $1,194,784.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Scott Genereux sold 500 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $280.00, for a total value of $140,000.00. Following the transaction, the vice president now directly owns 3,376 shares of the company’s stock, valued at $945,280. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,217 shares of company stock valued at $4,687,705. Insiders own 0.64% of the company’s stock.
Analyst Upgrades and Downgrades
Rockwell Automation Stock Down 0.4 %
ROK stock opened at $342.56 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.08 and a quick ratio of 0.73. The stock has a market capitalization of $39.35 billion, a P/E ratio of 30.15, a P/E/G ratio of 2.52 and a beta of 1.45. The business has a 50-day moving average of $308.77 and a 200-day moving average of $291.38. Rockwell Automation, Inc. has a fifty-two week low of $209.27 and a fifty-two week high of $348.52.
Rockwell Automation (NYSE:ROK – Get Free Report) last posted its quarterly earnings data on Thursday, April 27th. The industrial products company reported $3.01 earnings per share for the quarter, topping the consensus estimate of $2.60 by $0.41. The company 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%. Rockwell Automation’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.66 earnings per share. On average, sell-side analysts anticipate that Rockwell Automation, Inc. will post 11.98 earnings per share for the current fiscal year.
Rockwell Automation Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be given a dividend of $1.18 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $4.72 annualized dividend and a yield of 1.38%. Rockwell Automation’s dividend payout ratio (DPR) is presently 41.55%.
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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