IFM Investors Pty Ltd raised its stake in shares of Rockwell Automation (NYSE:ROK) by 10.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,969 shares of the industrial products company’s stock after buying an additional 725 shares during the period. IFM Investors Pty Ltd’s holdings in Rockwell Automation were worth $1,398,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Rockwell Automation by 43.7% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 66,144 shares of the industrial products company’s stock worth $9,953,000 after purchasing an additional 20,105 shares during the period. Pure Financial Advisors Inc. bought a new position in shares of Rockwell Automation in the fourth quarter worth about $225,000. Private Wealth Advisors Inc. bought a new position in shares of Rockwell Automation in the fourth quarter worth about $742,000. New England Research & Management Inc. bought a new position in shares of Rockwell Automation in the fourth quarter worth about $233,000. Finally, American Century Companies Inc. bought a new position in shares of Rockwell Automation in the fourth quarter worth about $12,794,000. Institutional investors own 75.39% of the company’s stock.
ROK stock opened at $189.92 on Friday. Rockwell Automation has a twelve month low of $141.46 and a twelve month high of $198.23. The stock has a market cap of $22.70 billion, a P/E ratio of 23.42, a PEG ratio of 2.37 and a beta of 1.35. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.93 and a current ratio of 1.21.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 13th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Friday, May 10th. Rockwell Automation’s payout ratio is 47.84%.
A number of research firms have recently commented on ROK. Zacks Investment Research lowered Rockwell Automation from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Wells Fargo & Co reiterated a “buy” rating on shares of Rockwell Automation in a research note on Wednesday, April 10th. Credit Suisse Group lifted their price objective on Rockwell Automation from $158.00 to $166.00 and gave the stock an “underperform” rating in a research note on Wednesday, January 30th. Citigroup lifted their price objective on Rockwell Automation to $176.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 30th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $195.00 price objective on shares of Rockwell Automation in a research note on Wednesday, January 30th. Six investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. Rockwell Automation currently has an average rating of “Hold” and an average target price of $171.13.
In other Rockwell Automation news, SVP Frank C. Kulaszewicz sold 9,231 shares of Rockwell Automation stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $177.70, for a total transaction of $1,640,348.70. Following the sale, the senior vice president now directly owns 34,893 shares of the company’s stock, valued at $6,200,486.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Elik I. Fooks sold 5,100 shares of Rockwell Automation stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $177.80, for a total value of $906,780.00. Following the sale, the insider now directly owns 15,597 shares in the company, valued at $2,773,146.60. The disclosure for this sale can be found here. 1.43% of the stock is currently owned by insiders.
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About Rockwell Automation
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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