Versor Investments LP purchased a brand new place in Rockwell Automation, Inc. (NYSE:ROK – Free Report) within the third quarter, based on the corporate in its most up-to-date submitting with the SEC. The institutional investor purchased 1,525 shares of the economic merchandise firm’s inventory, valued at roughly $409,000.
A number of different institutional traders have additionally lately made modifications to their positions in ROK. Pathway Monetary Advisers LLC purchased a brand new stake in shares of Rockwell Automation within the 1st quarter price $26,000. Richardson Monetary Providers Inc. grew its stake in shares of Rockwell Automation by 100.0% within the third quarter. Richardson Monetary Providers Inc. now owns 96 shares of the economic merchandise firm’s inventory price $26,000 after buying an extra 48 shares within the final quarter. Ashton Thomas Securities LLC purchased a brand new stake in shares of Rockwell Automation within the third quarter price $26,000. ESL Belief Providers LLC purchased a brand new stake in shares of Rockwell Automation within the 1st quarter price $29,000. Lastly, Strategic Funding Options Inc. IL bought a brand new place in shares of Rockwell Automation within the 2nd quarter price about $36,000. Institutional traders personal 75.75% of the corporate’s inventory.
Insiders Place Their Bets
In different information, SVP Veena M. Lakkundi bought 579 shares of Rockwell Automation inventory in a transaction on Monday, November 4th. The shares had been bought at a median worth of $266.86, for a complete transaction of $154,511.94. Following the completion of the sale, the senior vice chairman now straight owns 4,576 shares of the corporate’s inventory, valued at roughly $1,221,151.36. The commerce was a 11.23 % lower of their place. The transaction was disclosed in a authorized submitting with the SEC, which is accessible via this hyperlink. Company insiders personal 0.68% of the corporate’s inventory.
Analysts Set New Value Targets
A variety of brokerages lately weighed in on ROK. UBS Group started protection on shares of Rockwell Automation in a report on Wednesday. They issued a “impartial” score and a $313.00 worth goal on the inventory. Barclays boosted their worth goal on shares of Rockwell Automation from $245.00 to $255.00 and gave the inventory an “underweight” score in a report on Friday, November eighth. Oppenheimer boosted their worth goal on shares of Rockwell Automation from $288.00 to $300.00 and gave the inventory an “outperform” score in a report on Friday, November eighth. Wells Fargo & Firm boosted their worth goal on shares of Rockwell Automation from $293.00 to $305.00 and gave the inventory an “obese” score in a report on Monday, October seventh. Lastly, Mizuho boosted their worth goal on shares of Rockwell Automation from $245.00 to $270.00 and gave the inventory a “impartial” score in a report on Thursday, October seventeenth. Three equities analysis analysts have rated the inventory with a promote score, six have issued a maintain score and 6 have issued a purchase score to the inventory. In line with MarketBeat.com, Rockwell Automation presently has a median score of “Maintain” and a consensus goal worth of $285.13.
View Our Newest Analysis Report on ROK
Rockwell Automation Buying and selling Down 0.0 %
Shares of ROK opened at $286.43 on Friday. The enterprise’s 50-day transferring common worth is $267.96 and its 200-day transferring common worth is $266.69. Rockwell Automation, Inc. has a twelve month low of $242.81 and a twelve month excessive of $312.76. The inventory has a market cap of $32.50 billion, a PE ratio of 34.59, a P/E/G ratio of two.86 and a beta of 1.36. The corporate has a fast ratio of 1.17, a present ratio of 1.84 and a debt-to-equity ratio of 0.70.
Rockwell Automation (NYSE:ROK – Get Free Report) final introduced its quarterly earnings outcomes on Thursday, November seventh. The commercial merchandise firm reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.07. Rockwell Automation had a return on fairness of 30.42% and a web margin of 11.53%. The agency had income of $2.04 billion for the quarter, in comparison with analysts’ expectations of $2.06 billion. Throughout the identical interval within the prior 12 months, the enterprise posted $3.64 earnings per share. The corporate’s income was down 20.6% on a year-over-year foundation. On common, equities analysts forecast that Rockwell Automation, Inc. will publish 9.54 EPS for the present fiscal 12 months.
Rockwell Automation declared that its Board of Administrators has initiated a inventory repurchase program on Thursday, September fifth that authorizes the corporate to repurchase $1.00 billion in shares. This repurchase authorization authorizes the economic merchandise firm to buy as much as 3.4% of its inventory via open market purchases. Inventory repurchase packages are usually an indication that the corporate’s board believes its shares are undervalued.
Rockwell Automation Will increase Dividend
The enterprise additionally lately introduced a quarterly dividend, which might be paid on Tuesday, December tenth. Shareholders of report on Monday, November 18th might be given a dividend of $1.31 per share. The ex-dividend date is Monday, November 18th. This can be a constructive change from Rockwell Automation’s earlier quarterly dividend of $1.25. This represents a $5.24 annualized dividend and a yield of 1.83%. Rockwell Automation’s payout ratio is presently 63.29%.
Rockwell Automation Firm Profile
Rockwell Automation, Inc supplies 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 Providers. Its options embody {hardware} and software program services.
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