Brown Advisory Inc. Has $4.50 Million Stake in Rockwell Automation (ROK)

Brown Advisory Inc. grew its holdings in shares of Rockwell Automation (NYSE:ROK) by 4.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 29,922 shares of the industrial products company’s stock after acquiring an additional 1,325 shares during the period. Brown Advisory Inc.’s holdings in Rockwell Automation were worth $4,502,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ROK. JOYN Advisors Inc. raised its stake in shares of Rockwell Automation by 104.4% during the fourth quarter. JOYN Advisors Inc. now owns 186 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 95 shares during the last quarter. Essex Investment Management Co. LLC bought a new position in shares of Rockwell Automation during the fourth quarter valued at $29,000. Lindbrook Capital LLC bought a new position in shares of Rockwell Automation during the fourth quarter valued at $32,000. Oregon Public Employees Retirement Fund raised its stake in shares of Rockwell Automation by 15,107.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,142,955 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 5,109,136 shares during the last quarter. Finally, Pearl River Capital LLC bought a new position in shares of Rockwell Automation during the fourth quarter valued at $49,000. 74.84% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on ROK shares. Zacks Investment Research raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $169.00 price target for the company in a research note on Thursday, December 20th. BMO Capital Markets started coverage on shares of Rockwell Automation in a research note on Friday, January 18th. They set an “outperform” rating and a $185.00 price target for the company. Barclays dropped their price target on shares of Rockwell Automation from $170.00 to $165.00 and set an “equal weight” rating for the company in a research note on Monday, January 7th. Berenberg Bank set a $145.00 price target on shares of Rockwell Automation and gave the company a “sell” rating in a research note on Monday, November 19th. Finally, HSBC raised shares of Rockwell Automation from a “reduce” rating to a “buy” rating and raised their price target for the company from $165.00 to $175.00 in a research note on Friday, January 25th. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $172.06.

In other Rockwell Automation news, insider Elik I. Fooks sold 5,100 shares of Rockwell Automation stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $177.80, for a total value of $906,780.00. Following the completion of the sale, the insider now directly owns 15,597 shares of the company’s stock, valued at $2,773,146.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Frank C. Kulaszewicz sold 9,231 shares of Rockwell Automation stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $177.70, for a total transaction of $1,640,348.70. Following the completion of the sale, 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. Insiders own 1.43% of the company’s stock.

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

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

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Tuesday, February 19th were paid a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend was Friday, February 15th. Rockwell Automation’s dividend payout ratio (DPR) is currently 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.

Further Reading: What is insider trading?

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

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