Trust Co. of Vermont maintained its position in Rockwell Automation (NYSE:ROK) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 800 shares of the industrial products company’s stock at the end of the first quarter. Trust Co. of Vermont’s holdings in Rockwell Automation were worth $125,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Cabot Wealth Management Inc. raised its position in Rockwell Automation by 4.5% in the third quarter. Cabot Wealth Management Inc. now owns 25,397 shares of the industrial products company’s stock worth $3,107,000 after buying an additional 1,093 shares during the period. Cliftonlarsonallen Wealth Advisors LLC bought a new position in Rockwell Automation during the third quarter worth approximately $25,571,000. University of Texas Investment Managment Co. bought a new position in Rockwell Automation during the third quarter worth approximately $2,068,000. WealthTrust Fairport LLC acquired a new stake in shares of Rockwell Automation during the third quarter worth $202,000. Finally, Winch Advisory Services LLC acquired a new stake in shares of Rockwell Automation during the third quarter worth $365,000. Hedge funds and other institutional investors own 72.56% of the company’s stock.
Shares of Rockwell Automation (NYSE:ROK) opened at 162.16 on Tuesday. The firm has a market cap of $20.89 billion, a P/E ratio of 27.07 and a beta of 1.07. The company’s 50 day moving average price is $156.88 and its 200 day moving average price is $148.59. Rockwell Automation has a 12-month low of $107.17 and a 12-month high of $165.00.
Rockwell Automation (NYSE:ROK) last released its earnings results on Wednesday, April 26th. The industrial products company reported $1.55 EPS for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.15. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Rockwell Automation had a return on equity of 38.57% and a net margin of 12.77%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.37 earnings per share. Equities research analysts forecast that Rockwell Automation will post $6.64 EPS for the current year. The company also recently announced a quarterly dividend, which will be paid on Monday, June 12th. Investors of record on Monday, May 15th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Thursday, May 11th. This represents a $3.04 dividend on an annualized basis and a yield of 1.87%. Rockwell Automation’s dividend payout ratio is presently 52.23%.
A number of equities research analysts have weighed in on ROK shares. Berenberg Bank reaffirmed a “sell” rating and issued a $125.00 target price on shares of Rockwell Automation in a report on Wednesday, February 22nd. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $145.00 target price on shares of Rockwell Automation in a report on Thursday, March 30th. Gabelli raised Rockwell Automation from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. Barclays PLC raised their target price on Rockwell Automation from $166.00 to $167.00 and gave the company an “overweight” rating in a report on Wednesday, April 19th. Finally, Stifel Nicolaus raised their target price on Rockwell Automation from $159.00 to $167.00 and gave the company a “hold” rating in a report on Friday, April 28th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. Rockwell Automation has a consensus rating of “Hold” and a consensus price target of $141.50. In other Rockwell Automation news, SVP Sujeet Chand sold 9,500 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $159.72, for a total transaction of $1,517,340.00. Following the completion of the sale, the senior vice president now directly owns 46,873 shares in the company, valued at $7,486,555.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Keith D. Nosbusch sold 10,000 shares of the company’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $159.50, for a total transaction of $1,595,000.00. Following the sale, the director now owns 411,286 shares of the company’s stock, valued at $65,600,117. The disclosure for this sale can be found here. In the last three months, insiders sold 129,605 shares of company stock worth $20,469,855. 1.65% of the stock is owned by insiders.
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