Chicago Equity Partners LLC lessened its holdings in shares of Rockwell Automation (NYSE:ROK) by 15.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 87,015 shares of the industrial products company’s stock after selling 16,235 shares during the quarter. Chicago Equity Partners LLC owned about 0.07% of Rockwell Automation worth $17,085,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in ROK. Cerebellum GP LLC acquired a new position in Rockwell Automation during the 4th quarter worth $130,000. Valeo Financial Advisors LLC acquired a new position in Rockwell Automation during the 3rd quarter worth $131,000. Rockefeller Financial Services Inc. acquired a new stake in shares of Rockwell Automation in the third quarter valued at $143,000. Sun Life Financial INC lifted its holdings in shares of Rockwell Automation by 8,490.9% in the second quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock valued at $153,000 after buying an additional 934 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Rockwell Automation in the third quarter valued at $186,000. Institutional investors own 72.35% of the company’s stock.
Several analysts have recently weighed in on ROK shares. JPMorgan Chase & Co. started coverage on Rockwell Automation in a report on Wednesday, November 29th. They issued a “neutral” rating for the company. Wolfe Research upgraded Rockwell Automation from a “market perform” rating to an “outperform” rating in a report on Monday, November 20th. Citigroup cut their price objective on Rockwell Automation from $214.00 to $209.00 and set a “neutral” rating for the company in a report on Thursday, January 25th. Oppenheimer restated a “hold” rating on shares of Rockwell Automation in a report on Thursday, November 9th. Finally, Daiwa Capital Markets started coverage on Rockwell Automation in a report on Wednesday, December 20th. They issued a “neutral” rating and a $199.00 price objective for the company. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company. Rockwell Automation has an average rating of “Hold” and a consensus target price of $183.15.
Shares of Rockwell Automation (ROK) opened at $187.09 on Thursday. Rockwell Automation has a fifty-two week low of $148.31 and a fifty-two week high of $210.72. The company has a market capitalization of $23,568.48, a price-to-earnings ratio of 65.65, a PEG ratio of 2.08 and a beta of 1.17. The company has a current ratio of 1.98, a quick ratio of 1.73 and a debt-to-equity ratio of 0.57.
Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, January 24th. The industrial products company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.74 by $0.22. Rockwell Automation had a return on equity of 39.45% and a net margin of 5.85%. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the prior year, the business posted $1.75 earnings per share. Rockwell Automation’s revenue was up 6.5% compared to the same quarter last year. sell-side analysts anticipate that Rockwell Automation will post 7.79 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Tuesday, February 20th will be issued a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Friday, February 16th. Rockwell Automation’s dividend payout ratio is 117.19%.
Rockwell Automation declared that its board has authorized a stock repurchase plan on Wednesday, January 24th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the industrial products company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
Rockwell Automation Company Profile
Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.
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