Chemung Canal Belief Co. bought a brand new stake in shares of Rockwell Automation, Inc. (NYSE:ROK – Get Ranking) within the third quarter, based on its most up-to-date Type 13F submitting with the Securities & Trade Fee. The institutional investor bought 15,262 shares of the commercial merchandise firm’s inventory, valued at roughly $3,283,000.
Different institutional buyers and hedge funds have additionally just lately modified their holdings of the corporate. Amundi grew its stake in Rockwell Automation by 70.1% in the course of the 2nd quarter. Amundi now owns 1,941,741 shares of the commercial merchandise firm’s inventory value $387,703,000 after shopping for an extra 800,290 shares over the last quarter. FIFTHDELTA Ltd acquired a brand new stake in Rockwell Automation within the 2nd quarter value roughly $102,067,000. Van ECK Associates Corp grew its place in Rockwell Automation by 2,872.3% in the course of the 2nd quarter. Van ECK Associates Corp now owns 446,463 shares of the commercial merchandise firm’s inventory value $88,984,000 after buying an extra 431,442 shares over the last quarter. JPMorgan Chase & Co. elevated its stake in Rockwell Automation by 13.9% in the course of the 2nd quarter. JPMorgan Chase & Co. now owns 2,364,908 shares of the commercial merchandise firm’s inventory valued at $471,350,000 after buying an extra 288,808 shares within the final quarter. Lastly, Worth T Rowe Associates Inc. MD lifted its stake in shares of Rockwell Automation by 51.2% in the course of the second quarter. Worth T Rowe Associates Inc. MD now owns 734,371 shares of the commercial merchandise firm’s inventory value $146,367,000 after shopping for an extra 248,641 shares in the course of the interval. Hedge funds and different institutional buyers personal 77.66% of the corporate’s inventory.
Analysts Set New Worth Targets
Various equities analysts just lately issued reviews on the corporate. Financial institution of America lowered Rockwell Automation from a “purchase” ranking to a “impartial” ranking in a analysis be aware on Monday, December twelfth. Robert W. Baird upped their goal value on Rockwell Automation from $250.00 to $265.00 and gave the corporate an “outperform” ranking in a analysis report on Thursday, November seventeenth. Citigroup raised their value goal on shares of Rockwell Automation from $265.00 to $297.00 and gave the inventory a “purchase” ranking in a analysis report on Friday, December ninth. Deutsche Financial institution Aktiengesellschaft upped their value goal on shares of Rockwell Automation from $231.00 to $239.00 and gave the corporate a “maintain” ranking in a report on Thursday, October thirteenth. Lastly, JPMorgan Chase & Co. raised their goal value on shares of Rockwell Automation from $180.00 to $195.00 and gave the inventory an “underweight” ranking in a report on Friday, November 4th. Three funding analysts have rated the inventory with a promote ranking, seven have issued a maintain ranking and 5 have issued a purchase ranking to the corporate’s inventory. In response to information from MarketBeat, the corporate has a median ranking of “Maintain” and a median goal value of $243.88.
Rockwell Automation Worth Efficiency
ROK traded up $3.83 throughout noon buying and selling on Monday, hitting $285.24. 24,276 shares of the corporate traded palms, in comparison with its common quantity of 673,322. The corporate has a market capitalization of $32.76 billion, a price-to-earnings ratio of 35.79, a PEG ratio of three.31 and a beta of 1.44. The enterprise has a 50 day easy transferring common of $262.64 and a two-hundred day easy transferring common of $243.59. The corporate has a present ratio of 1.01, a fast ratio of 0.72 and a debt-to-equity ratio of 0.95. Rockwell Automation, Inc. has a 52-week low of $190.08 and a 52-week excessive of $328.58.
Rockwell Automation (NYSE:ROK – Get Ranking) final posted its quarterly earnings information on Wednesday, November 2nd. The commercial merchandise firm reported $3.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.94 by $0.10. Rockwell Automation had a return on fairness of 38.84% and a internet margin of 12.01%. The corporate had income of $2.13 billion for the quarter, in comparison with analysts’ expectations of $2.12 billion. Throughout the identical interval within the earlier 12 months, the agency posted $2.33 EPS. Rockwell Automation’s income was up 17.6% in comparison with the identical quarter final 12 months. On common, equities analysts forecast that Rockwell Automation, Inc. will submit 10.68 earnings per share for the present fiscal 12 months.
Rockwell Automation Will increase Dividend
The corporate additionally just lately disclosed a quarterly dividend, which was paid on Monday, December twelfth. Shareholders of document on Monday, November 14th have been issued a $1.18 dividend. The ex-dividend date of this dividend was Thursday, November tenth. This represents a $4.72 dividend on an annualized foundation and a yield of 1.65%. It is a optimistic change from Rockwell Automation’s earlier quarterly dividend of $1.12. Rockwell Automation’s dividend payout ratio (DPR) is presently 59.22%.
Insiders Place Their Bets
In different information, SVP Veena M. Lakkundi offered 606 shares of the inventory in a transaction dated Wednesday, November 2nd. The shares have been offered at a median value of $242.24, for a complete worth of $146,797.44. Following the completion of the sale, the senior vice chairman now straight owns 1,269 shares within the firm, valued at $307,402.56. The sale was disclosed in a doc filed with the Securities & Trade Fee, which is offered by way of this hyperlink. In different information, SVP Veena M. Lakkundi offered 606 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, November 2nd. The inventory was offered at a median value of $242.24, for a complete transaction of $146,797.44. Following the transaction, the senior vice chairman now straight owns 1,269 shares within the firm, valued at roughly $307,402.56. The sale was disclosed in a authorized submitting with the SEC, which is offered at the SEC web site. Additionally, CEO Blake D. Moret offered 8,867 shares of the inventory in a transaction that occurred on Wednesday, December seventh. The shares have been offered at a median value of $256.61, for a complete worth of $2,275,360.87. Following the completion of the sale, the chief government officer now straight owns 64,699 shares of the corporate’s inventory, valued at roughly $16,602,410.39. The disclosure for this sale could be discovered right here. Insiders have offered a complete of 13,304 shares of firm inventory valued at $3,410,562 within the final 90 days. 0.64% of the inventory is owned by insiders.
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 by way of three segments, Clever Gadgets, Software program & Management, and Lifecycle Providers. Its options embody {hardware} and software program services.
Learn Extra
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