MAI Capital Administration trimmed its stake in Rockwell Automation, Inc. (NYSE:ROK – Free Report) by 7.9% throughout the third quarter, Holdings Channel stories. The fund owned 3,868 shares of the commercial merchandise firm’s inventory after promoting 331 shares throughout the interval. MAI Capital Administration’s holdings in Rockwell Automation have been value $1,038,000 as of its most up-to-date submitting with the Securities & Trade Fee.
A number of different institutional buyers and hedge funds have additionally purchased and offered shares of ROK. Pathway Monetary Advisers LLC purchased a brand new place in Rockwell Automation throughout the first quarter value about $26,000. Richardson Monetary Companies Inc. raised its stake in Rockwell Automation by 100.0% within the third quarter. Richardson Monetary Companies Inc. now owns 96 shares of the commercial merchandise firm’s inventory valued at $26,000 after buying an extra 48 shares within the final quarter. Ashton Thomas Securities LLC bought a brand new stake in shares of Rockwell Automation throughout the third quarter valued at $26,000. Strategic Funding Options Inc. IL bought a brand new place in shares of Rockwell Automation within the 2nd quarter value about $36,000. Lastly, Cultivar Capital Inc. bought a brand new stake in Rockwell Automation within the second quarter value roughly $46,000. 75.75% of the inventory is owned by institutional buyers.
Insider Shopping for and Promoting
In associated information, SVP Veena M. Lakkundi offered 579 shares of the agency’s inventory in a transaction that occurred on Monday, November 4th. The shares have been offered at a median value of $266.86, for a complete worth of $154,511.94. Following the sale, the senior vice chairman now owns 4,576 shares within the firm, valued at roughly $1,221,151.36. This commerce represents a 11.23 % lower of their possession of the inventory. The sale was disclosed in a doc filed with the SEC, which will be accessed via the SEC web site. Additionally, VP John M. Miller offered 467 shares of the agency’s inventory in a transaction on Monday, November 18th. The inventory was offered at a median value of $284.07, for a complete worth of $132,660.69. Following the completion of the transaction, the vice chairman now owns 4,800 shares within the firm, valued at roughly $1,363,536. This commerce represents a 8.87 % lower of their possession of the inventory. The disclosure for this sale will be discovered right here. 0.68% of the inventory is owned by firm insiders.
Rockwell Automation Inventory Down 0.7 %
NYSE:ROK opened at $278.13 on Friday. The corporate has a debt-to-equity ratio of 0.70, a present ratio of 1.08 and a fast ratio of 0.72. The agency’s 50-day shifting common value is $270.83 and its 200-day shifting common value is $267.11. The corporate has a market capitalization of $31.40 billion, a PE ratio of 33.59, a P/E/G ratio of two.89 and a beta of 1.36. Rockwell Automation, Inc. has a 1-year low of $242.81 and a 1-year excessive of $312.76.
Rockwell Automation (NYSE:ROK – Get Free Report) final introduced its earnings outcomes on Thursday, November seventh. The economic merchandise firm reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.07. The enterprise had income of $2.04 billion throughout the quarter, in comparison with the consensus estimate of $2.06 billion. Rockwell Automation had a internet margin of 11.53% and a return on fairness of 30.42%. The enterprise’s income for the quarter was down 20.6% on a year-over-year foundation. Throughout the identical quarter final 12 months, the agency earned $3.64 earnings per share. On common, equities analysts predict that Rockwell Automation, Inc. will publish 9.46 EPS for the present fiscal 12 months.
Rockwell Automation declared that its board has approved a inventory buyback plan on Thursday, September fifth that authorizes the corporate to buyback $1.00 billion in excellent shares. This buyback authorization authorizes the commercial merchandise firm to repurchase as much as 3.4% of its inventory via open market purchases. Inventory buyback plans are often an indication that the corporate’s board believes its shares are undervalued.
Rockwell Automation Will increase Dividend
The corporate additionally just lately introduced a quarterly dividend, which might be paid on Tuesday, December tenth. Stockholders of file on Monday, November 18th might be paid a $1.31 dividend. This represents a $5.24 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Monday, November 18th. This is a rise from Rockwell Automation’s earlier quarterly dividend of $1.25. Rockwell Automation’s dividend payout ratio is at the moment 63.29%.
Analyst Rankings Modifications
Quite a lot of analysis companies have just lately weighed in on ROK. Wells Fargo & Firm boosted their goal value on Rockwell Automation from $293.00 to $305.00 and gave the corporate an “obese” ranking in a analysis be aware on Monday, October seventh. Morgan Stanley elevated their value goal on shares of Rockwell Automation from $320.00 to $335.00 and gave the corporate an “obese” ranking in a analysis report on Friday, November fifteenth. UBS Group started protection on shares of Rockwell Automation in a analysis be aware on Wednesday, November thirteenth. They set a “impartial” ranking and a $313.00 value goal for the corporate. Financial institution of America boosted their value goal on Rockwell Automation from $270.00 to $285.00 and gave the corporate a “impartial” ranking in a report on Thursday, October seventeenth. Lastly, TD Cowen reduce their value goal on Rockwell Automation from $220.00 to $215.00 and set a “promote” ranking on the inventory in a analysis report on Thursday, August eighth. Three analysis analysts have rated the inventory with a promote ranking, six have issued a maintain ranking and 6 have given a purchase ranking to the inventory. Based on MarketBeat.com, the corporate presently has a consensus ranking of “Maintain” and a median value goal of $286.13.
Learn Our Newest Analysis Report on ROK
Rockwell Automation Firm Profile
Rockwell Automation, Inc offers industrial automation and digital transformation options in North America, Europe, the Center East, Africa, the Asia Pacific, and Latin America. The corporate operates via three segments, Clever Units, Software program & Management, and Lifecycle Companies. Its options embody {hardware} and software program services.
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