Nicolet Bankshares Inc. decreased its stake in Rockwell Automation Inc. (NYSE:ROK) by 3.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,724 shares of the company’s stock after selling 59 shares during the period. Nicolet Bankshares Inc.’s holdings in Rockwell Automation were worth $211,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Rockwell Automation by 0.8% in the second quarter. Vanguard Group Inc. now owns 7,919,804 shares of the company’s stock worth $909,351,000 after buying an additional 64,944 shares in the last quarter. BlackRock Fund Advisors increased its stake in Rockwell Automation by 2.7% in the second quarter. BlackRock Fund Advisors now owns 2,121,240 shares of the company’s stock worth $243,561,000 after buying an additional 55,189 shares in the last quarter. BlackRock Group LTD increased its stake in Rockwell Automation by 2.3% in the second quarter. BlackRock Group LTD now owns 1,075,498 shares of the company’s stock worth $123,490,000 after buying an additional 23,688 shares in the last quarter. Wells Fargo & Company MN increased its stake in Rockwell Automation by 4.6% in the third quarter. Wells Fargo & Company MN now owns 1,061,980 shares of the company’s stock worth $129,923,000 after buying an additional 46,545 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Rockwell Automation by 24.4% in the third quarter. Victory Capital Management Inc. now owns 805,312 shares of the company’s stock worth $98,522,000 after buying an additional 158,156 shares in the last quarter. 72.95% of the stock is owned by institutional investors and hedge funds.
Shares of Rockwell Automation Inc. (NYSE:ROK) opened at 132.18 on Friday. The company has a market capitalization of $16.95 billion, a price-to-earnings ratio of 23.77 and a beta of 1.00. The stock has a 50 day moving average of $122.70 and a 200-day moving average of $117.96. Rockwell Automation Inc. has a 1-year low of $87.53 and a 1-year high of $133.68.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Monday, November 7th. The company reported $1.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.03. Rockwell Automation had a return on equity of 36.34% and a net margin of 12.41%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the business earned $1.57 EPS. Rockwell Automation’s revenue was down 4.3% on a year-over-year basis. Analysts forecast that Rockwell Automation Inc. will post $6.06 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Monday, November 14th will be issued a $0.76 dividend. The ex-dividend date is Wednesday, November 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 2.31%. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.73. Rockwell Automation’s dividend payout ratio is presently 54.58%.
A number of analysts have recently weighed in on the stock. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Rockwell Automation in a report on Saturday, November 12th. Barclays PLC cut their price target on shares of Rockwell Automation from $120.00 to $118.00 and set an “equal weight” rating for the company in a report on Thursday, July 28th. Citigroup Inc. cut their price target on shares of Rockwell Automation from $120.00 to $118.00 and set a “neutral” rating for the company in a report on Thursday, July 28th. Berenberg Bank assumed coverage on shares of Rockwell Automation in a report on Monday, October 3rd. They set a “sell” rating and a $110.00 price target for the company. Finally, Sanford C. Bernstein raised shares of Rockwell Automation from an “underperform” rating to a “market perform” rating and upped their price target for the stock from $105.00 to $121.00 in a report on Friday, September 30th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. Rockwell Automation has a consensus rating of “Hold” and an average target price of $109.83.
In related news, CFO Theodore D. Crandall sold 11,300 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $131.73, for a total value of $1,488,549.00. Following the completion of the sale, the chief financial officer now directly owns 96,981 shares of the company’s stock, valued at approximately $12,775,307.13. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Steven W. Etzel sold 2,000 shares of the company’s stock in a transaction dated Friday, October 21st. The shares were sold at an average price of $125.46, for a total value of $250,920.00. Following the completion of the sale, the vice president now directly owns 8,486 shares of the company’s stock, valued at $1,064,653.56. The disclosure for this sale can be found here. 1.54% of the stock is owned by insiders.
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.