Teachers Advisors LLC decreased its position in shares of Rockwell Automation (NYSE:ROK) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 558,166 shares of the industrial products company’s stock after selling 36,616 shares during the quarter. Teachers Advisors LLC owned 0.44% of Rockwell Automation worth $109,596,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of the company. HBK Investments L P purchased a new stake in shares of Rockwell Automation during the fourth quarter valued at approximately $4,634,000. Two Sigma Investments LP purchased a new stake in shares of Rockwell Automation during the fourth quarter valued at approximately $12,332,000. Stone Ridge Asset Management LLC purchased a new stake in shares of Rockwell Automation during the fourth quarter valued at approximately $771,000. Martin Currie Ltd. purchased a new stake in shares of Rockwell Automation during the fourth quarter valued at approximately $746,000. Finally, Wolverine Asset Management LLC grew its holdings in shares of Rockwell Automation by 250.0% during the fourth quarter. Wolverine Asset Management LLC now owns 28,000 shares of the industrial products company’s stock valued at $5,497,000 after buying an additional 20,000 shares during the last quarter. Hedge funds and other institutional investors own 73.24% of the company’s stock.
Rockwell Automation (NYSE ROK) opened at $185.42 on Wednesday. The firm has a market cap of $24,010.61, a P/E ratio of 27.00, a P/E/G ratio of 2.12 and a beta of 1.21. Rockwell Automation has a 52-week low of $148.31 and a 52-week high of $210.72. The company has a current ratio of 1.98, a quick ratio of 1.73 and a debt-to-equity ratio of 0.57.
Rockwell Automation declared that its board has authorized a stock buyback program on Wednesday, January 24th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the industrial products company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Tuesday, February 20th were given a $0.835 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $3.34 annualized dividend and a yield of 1.80%. Rockwell Automation’s payout ratio is presently 117.19%.
In other Rockwell Automation news, CFO Patrick P. Goris sold 4,900 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $200.00, for a total value of $980,000.00. Following the transaction, the chief financial officer now directly owns 11,706 shares in the company, valued at $2,341,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John P. Mcdermott sold 2,050 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $187.90, for a total transaction of $385,195.00. Following the completion of the transaction, the insider now owns 40,353 shares in the company, valued at $7,582,328.70. The disclosure for this sale can be found here. Insiders sold 123,627 shares of company stock worth $23,604,488 over the last quarter. Insiders own 1.28% of the company’s stock.
A number of equities research analysts have recently commented on ROK shares. Wolfe Research upgraded shares of Rockwell Automation from a “market perform” rating to an “outperform” rating in a report on Monday, November 20th. Oppenheimer reiterated a “hold” rating on shares of Rockwell Automation in a report on Monday, November 20th. JPMorgan Chase & Co. assumed coverage on shares of Rockwell Automation in a research report on Wednesday, November 29th. They set a “neutral” rating on the stock. ValuEngine downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Goldman Sachs Group restated a “neutral” rating and set a $193.00 price objective on shares of Rockwell Automation in a research report on Friday, December 8th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. Rockwell Automation currently has an average rating of “Hold” and a consensus target price of $190.00.
Rockwell Automation 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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