Toronto Dominion Bank Raises Stake in Rockwell Automation (ROK)

Toronto Dominion Bank lifted its position in Rockwell Automation (NYSE:ROK) by 4.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,445 shares of the industrial products company’s stock after purchasing an additional 2,136 shares during the quarter. Toronto Dominion Bank’s holdings in Rockwell Automation were worth $10,886,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Pinnacle Associates Ltd. increased its holdings in shares of Rockwell Automation by 3.4% in the third quarter. Pinnacle Associates Ltd. now owns 7,965 shares of the industrial products company’s stock worth $1,419,000 after purchasing an additional 263 shares during the last quarter. Dai Ichi Life Insurance Company Ltd grew its position in Rockwell Automation by 0.9% in the third quarter. Dai Ichi Life Insurance Company Ltd now owns 32,307 shares of the industrial products company’s stock worth $5,757,000 after acquiring an additional 285 shares in the last quarter. Amalgamated Bank grew its position in Rockwell Automation by 2.0% in the third quarter. Amalgamated Bank now owns 15,472 shares of the industrial products company’s stock worth $2,757,000 after acquiring an additional 300 shares in the last quarter. Stephens Inc. AR grew its position in Rockwell Automation by 15.9% in the fourth quarter. Stephens Inc. AR now owns 2,184 shares of the industrial products company’s stock worth $429,000 after acquiring an additional 300 shares in the last quarter. Finally, Community Bank N.A. grew its position in Rockwell Automation by 15.8% in the fourth quarter. Community Bank N.A. now owns 2,267 shares of the industrial products company’s stock worth $445,000 after acquiring an additional 310 shares in the last quarter. 72.35% of the stock is currently owned by hedge funds and other institutional investors.

Rockwell Automation (NYSE ROK) opened at $185.56 on Friday. Rockwell Automation has a 12-month low of $148.31 and a 12-month high of $210.72. The stock has a market capitalization of $23,969.72, a P/E ratio of 26.95, a price-to-earnings-growth ratio of 2.12 and a beta of 1.17. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.73 and a current ratio of 1.98.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, January 24th. The industrial products company reported $1.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $1.60 billion. During the same quarter in the previous year, the business earned $1.75 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. equities research analysts forecast that Rockwell Automation will post 7.79 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Tuesday, February 20th will be given a dividend of $0.835 per share. The ex-dividend date is Friday, February 16th. This represents a $3.34 annualized dividend and a dividend yield of 1.80%. Rockwell Automation’s dividend payout ratio (DPR) is presently 117.19%.

Rockwell Automation announced that its Board of Directors has initiated a share repurchase plan on Wednesday, January 24th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the industrial products company to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Several research analysts recently commented on the company. UBS Group assumed coverage on Rockwell Automation in a research report on Monday, January 22nd. They issued a “buy” rating for the company. lowered Rockwell Automation from a “hold” rating to a “reduce” rating in a research report on Thursday, November 2nd. Morgan Stanley lifted their price target on Rockwell Automation from $194.00 to $206.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 25th. Wells Fargo & Co lifted their price target on Rockwell Automation from $190.00 to $200.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Finally, Citigroup dropped their price target on Rockwell Automation from $214.00 to $209.00 and set a “neutral” rating for the company in a research report on Thursday, January 25th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $185.00.

In related news, CEO Blake D. Moret sold 5,309 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $190.75, for a total value of $1,012,691.75. Following the completion of the sale, the chief executive officer now owns 30,720 shares in the company, valued at $5,859,840. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Frank C. Kulaszewicz sold 43,100 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $177.68, for a total value of $7,658,008.00. Following the completion of the sale, the senior vice president now owns 35,338 shares of the company’s stock, valued at approximately $6,278,855.84. The disclosure for this sale can be found here. Insiders have sold 118,397 shares of company stock valued at $22,666,808 in the last 90 days. Company insiders own 1.65% of the company’s stock.

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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.

Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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