Reynders McVeigh Capital Management LLC lessened its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 1.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 162,042 shares of the industrial products company’s stock after selling 3,127 shares during the period. Rockwell Automation comprises 3.8% of Reynders McVeigh Capital Management LLC’s holdings, making the stock its 4th biggest holding. Reynders McVeigh Capital Management LLC owned approximately 0.13% of Rockwell Automation worth $28,878,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Rockwell Automation by 7.5% during the second quarter. BlackRock Inc. now owns 9,698,308 shares of the industrial products company’s stock valued at $1,570,735,000 after acquiring an additional 679,645 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Rockwell Automation by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 8,769,308 shares of the industrial products company’s stock valued at $1,420,278,000 after buying an additional 268,101 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of Rockwell Automation by 0.5% during the 2nd quarter. Lazard Asset Management LLC now owns 2,308,357 shares of the industrial products company’s stock valued at $373,861,000 after buying an additional 11,384 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Rockwell Automation by 47.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,558,748 shares of the industrial products company’s stock worth $277,788,000 after purchasing an additional 499,745 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Rockwell Automation by 2.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,490,499 shares of the industrial products company’s stock worth $264,220,000 after purchasing an additional 31,314 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.
In other news, insider Blake D. Moret sold 5,677 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $170.10, for a total value of $965,657.70. Following the transaction, the insider now directly owns 21,426 shares in the company, valued at $3,644,562.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lawrence D. Kingsley bought 272 shares of the firm’s stock in a transaction that occurred on Saturday, September 9th. The stock was purchased at an average price of $113.19 per share, for a total transaction of $30,787.68. Following the completion of the transaction, the director now directly owns 5,421 shares of the company’s stock, valued at approximately $613,602.99. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 1,612 shares of company stock valued at $168,124 and sold 18,025 shares valued at $3,285,650. Insiders own 1.65% of the company’s stock.
Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.72 by ($0.03). The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Rockwell Automation had a net margin of 13.08% and a return on equity of 38.67%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.52 EPS. sell-side analysts predict that Rockwell Automation, Inc. will post 7.39 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be issued a $0.835 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.34 annualized dividend and a dividend yield of 1.78%. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.76. Rockwell Automation’s payout ratio is presently 52.68%.
A number of analysts recently issued reports on the company. ValuEngine cut Rockwell Automation from a “buy” rating to a “hold” rating in a report on Friday, December 1st. J P Morgan Chase & Co began coverage on Rockwell Automation in a report on Wednesday, November 29th. They issued a “neutral” rating on the stock. Oppenheimer reaffirmed a “hold” rating on shares of Rockwell Automation in a report on Monday, November 20th. Wolfe Research upgraded Rockwell Automation from a “market perform” rating to an “outperform” rating in a research report on Monday, November 20th. Finally, Zacks Investment Research lowered Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $165.00.
Rockwell Automation 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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