Rational Advisors LLC Buys Shares of 1,100 Rockwell Automation (ROK)

Rational Advisors LLC bought a new stake in shares of Rockwell Automation (NYSE:ROK) during the fourth quarter, HoldingsChannel reports. The fund bought 1,100 shares of the industrial products company’s stock, valued at approximately $216,000.

A number of other large investors also recently made changes to their positions in the business. Ameriprise Financial Inc. grew 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 valued at $277,788,000 after buying an additional 499,745 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Rockwell Automation by 12.8% during the 3rd quarter. Wells Fargo & Company MN now owns 1,509,470 shares of the industrial products company’s stock worth $269,003,000 after purchasing an additional 171,598 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of 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 during the period. Pictet Asset Management Ltd. lifted its stake in shares of Rockwell Automation by 22.2% during the 3rd quarter. Pictet Asset Management Ltd. now owns 859,437 shares of the industrial products company’s stock worth $153,160,000 after purchasing an additional 156,395 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of Rockwell Automation by 0.3% during the 3rd quarter. Legal & General Group Plc now owns 691,689 shares of the industrial products company’s stock worth $123,267,000 after purchasing an additional 2,163 shares during the period. Hedge funds and other institutional investors own 72.35% of the company’s stock.

Rockwell Automation (ROK) opened at $187.09 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.73. The firm has a market capitalization of $23,568.48, a price-to-earnings ratio of 26.50, a P/E/G ratio of 2.08 and a beta of 1.17. Rockwell Automation has a 52-week low of $148.31 and a 52-week high of $210.72.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, January 24th. The industrial products company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.22. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.60 billion. Rockwell Automation had a return on equity of 39.45% and a net margin of 5.85%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the company posted $1.75 EPS. analysts predict that Rockwell Automation will post 7.79 earnings per share for the current fiscal year.

Rockwell Automation declared that its board has approved a stock repurchase plan on Wednesday, January 24th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Tuesday, February 20th will be given a $0.835 dividend. This represents a $3.34 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Friday, February 16th. Rockwell Automation’s dividend payout ratio (DPR) is currently 117.19%.

In related news, SVP Frank C. Kulaszewicz sold 43,100 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $177.68, for a total value of $7,658,008.00. Following the transaction, the senior vice president now directly owns 35,338 shares of the company’s stock, valued at approximately $6,278,855.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Patrick P. Goris sold 145 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $192.36, for a total value of $27,892.20. The disclosure for this sale can be found here. Insiders sold a total of 113,966 shares of company stock worth $21,834,799 over the last ninety days. Corporate insiders own 1.65% of the company’s stock.

A number of brokerages have weighed in on ROK. JPMorgan Chase & Co. increased their price target on Rockwell Automation from $182.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. Morgan Stanley increased their price target on Rockwell Automation from $194.00 to $206.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 25th. UBS Group began coverage on Rockwell Automation in a research note on Monday, January 22nd. They set a “buy” rating on the stock. Zacks Investment Research lowered Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Wells Fargo & Co increased their price target on Rockwell Automation from $190.00 to $200.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $183.15.

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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.

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

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