Rockwell Automation (ROK) Shares Bought by Mackay Shields LLC

Mackay Shields LLC grew its stake in shares of Rockwell Automation (NYSE:ROK) by 345.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 87,526 shares of the industrial products company’s stock after buying an additional 67,883 shares during the period. Mackay Shields LLC owned approximately 0.07% of Rockwell Automation worth $13,171,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Private Advisor Group LLC raised its position in Rockwell Automation by 41.7% in the third quarter. Private Advisor Group LLC now owns 6,389 shares of the industrial products company’s stock valued at $1,198,000 after purchasing an additional 1,881 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in Rockwell Automation by 8.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 10,334 shares of the industrial products company’s stock valued at $1,938,000 after purchasing an additional 770 shares during the period. Commonwealth Equity Services LLC raised its position in Rockwell Automation by 3.2% in the third quarter. Commonwealth Equity Services LLC now owns 25,313 shares of the industrial products company’s stock valued at $4,746,000 after purchasing an additional 796 shares during the period. ING Groep NV purchased a new stake in Rockwell Automation in the third quarter valued at $263,000. Finally, SG Americas Securities LLC raised its position in Rockwell Automation by 278.5% in the third quarter. SG Americas Securities LLC now owns 20,899 shares of the industrial products company’s stock valued at $3,919,000 after purchasing an additional 15,378 shares during the period. 74.84% of the stock is owned by institutional investors and hedge funds.

In related news, insider Elik I. Fooks sold 5,100 shares of the business’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $177.80, for a total transaction of $906,780.00. Following the completion of the transaction, the insider now directly owns 15,597 shares of the company’s stock, valued at approximately $2,773,146.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Frank C. Kulaszewicz sold 9,231 shares of the business’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $177.70, for a total value of $1,640,348.70. Following the transaction, the senior vice president now directly owns 34,893 shares of the company’s stock, valued at $6,200,486.10. The disclosure for this sale can be found here. 1.43% of the stock is currently owned by insiders.

ROK has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a research report on Thursday, December 20th. Wells Fargo & Co restated a “buy” rating on shares of Rockwell Automation in a research report on Friday, January 18th. HSBC upgraded Rockwell Automation from a “reduce” rating to a “buy” rating and lifted their target price for the company from $165.00 to $175.00 in a research report on Friday, January 25th. Barclays reduced their target price on Rockwell Automation from $170.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Monday, January 7th. Finally, Deutsche Bank restated a “hold” rating and issued a $155.00 target price on shares of Rockwell Automation in a research report on Friday, January 4th. Six analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $172.06.

ROK stock opened at $179.33 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.93 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $21.68 billion, a P/E ratio of 22.11, a PEG ratio of 2.23 and a beta of 1.36. Rockwell Automation has a 12-month low of $141.46 and a 12-month high of $198.23.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Tuesday, January 29th. The industrial products company reported $2.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.22. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. Rockwell Automation had a return on equity of 66.47% and a net margin of 12.68%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.96 EPS. On average, research analysts expect that Rockwell Automation will post 9.04 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Tuesday, February 19th were issued a $0.97 dividend. The ex-dividend date of this dividend was Friday, February 15th. This represents a $3.88 annualized dividend and a dividend yield of 2.16%. Rockwell Automation’s dividend payout ratio is presently 47.84%.

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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.

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

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