Isthmus Partners LLC Sells 940 Shares of Rockwell Automation (ROK)

Isthmus Partners LLC lessened its holdings in Rockwell Automation (NYSE:ROK) by 2.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,308 shares of the industrial products company’s stock after selling 940 shares during the quarter. Rockwell Automation comprises 1.8% of Isthmus Partners LLC’s portfolio, making the stock its 26th largest position. Isthmus Partners LLC’s holdings in Rockwell Automation were worth $6,673,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ROK. Schwab Charles Investment Management Inc. grew its holdings in Rockwell Automation by 5.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 660,500 shares of the industrial products company’s stock worth $129,690,000 after purchasing an additional 33,168 shares during the period. Lourd Capital LLC purchased a new stake in Rockwell Automation in the fourth quarter worth about $325,000. Commerzbank Aktiengesellschaft FI grew its holdings in Rockwell Automation by 122.1% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 6,512 shares of the industrial products company’s stock worth $1,279,000 after purchasing an additional 3,580 shares during the period. Highland Capital Management LLC purchased a new stake in shares of Rockwell Automation during the fourth quarter valued at approximately $332,000. Finally, Exane Derivatives purchased a new stake in shares of Rockwell Automation during the fourth quarter valued at approximately $1,334,000. Institutional investors and hedge funds own 72.98% of the company’s stock.

Shares of Rockwell Automation stock opened at $178.00 on Monday. The company has a market cap of $22.35 billion, a P/E ratio of 26.33, a P/E/G ratio of 1.79 and a beta of 1.28. Rockwell Automation has a twelve month low of $155.81 and a twelve month high of $210.72. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.79 and a current ratio of 2.10.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Wednesday, April 25th. The industrial products company reported $1.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.82 by $0.07. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.66 billion. Rockwell Automation had a net margin of 6.34% and a return on equity of 42.38%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.55 earnings per share. research analysts anticipate that Rockwell Automation will post 7.88 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 11th. Investors of record on Monday, May 14th will be given a dividend of $0.92 per share. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Friday, May 11th. This represents a $3.68 dividend on an annualized basis and a yield of 2.07%. Rockwell Automation’s dividend payout ratio is 54.44%.

In related news, SVP Sujeet Chand sold 4,900 shares of the stock in a transaction that occurred on Friday, May 18th. The shares were sold at an average price of $182.46, for a total transaction of $894,054.00. Following the transaction, the senior vice president now owns 49,327 shares in the company, valued at $9,000,204.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.28% of the stock is owned by corporate insiders.

A number of equities research analysts have recently commented on ROK shares. TheStreet upgraded shares of Rockwell Automation from a “c+” rating to a “b” rating in a report on Wednesday, April 25th. UBS cut their price target on shares of Rockwell Automation from $230.00 to $210.00 and set a “buy” rating on the stock in a report on Thursday, April 26th. Zacks Investment Research upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $194.00 price target on the stock in a report on Wednesday, April 4th. ValuEngine upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating in a report on Saturday, March 10th. Finally, Barclays started coverage on shares of Rockwell Automation in a report on Thursday, February 15th. They set an “equal weight” rating and a $200.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $186.21.

Rockwell Automation Company Profile

Rockwell Automation Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

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

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