Dynamic Technology Lab Private Ltd Purchases New Position in Rockwell Automation, Inc. (NYSE:ROK)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,119 shares of the industrial products company’s stock, valued at approximately $300,000.

Several other large investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of Rockwell Automation during the third quarter worth $26,000. Richardson Financial Services Inc. lifted its holdings in Rockwell Automation by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 48 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in Rockwell Automation in the third quarter valued at about $34,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Rockwell Automation in the second quarter worth about $36,000. Finally, Cultivar Capital Inc. acquired a new stake in shares of Rockwell Automation during the second quarter worth about $46,000. Institutional investors own 75.75% of the company’s stock.

Insider Buying and Selling

In other Rockwell Automation news, Director James P. Keane sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $296.00, for a total transaction of $592,000.00. Following the completion of the sale, the director now owns 11,518 shares of the company’s stock, valued at $3,409,328. This trade represents a 14.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Cyril Perducat sold 1,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00. Following the completion of the transaction, the senior vice president now owns 3,630 shares in the company, valued at approximately $1,089,000. This represents a 21.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,746 shares of company stock worth $9,152,594. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Up 0.1 %

ROK stock opened at $295.14 on Monday. The company has a market cap of $33.32 billion, a price-to-earnings ratio of 35.64, a P/E/G ratio of 3.07 and a beta of 1.36. Rockwell Automation, Inc. has a twelve month low of $242.81 and a twelve month high of $312.76. The business has a 50 day moving average price of $274.63 and a two-hundred day moving average price of $267.98. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.70.

Rockwell Automation (NYSE:ROK) last released its earnings results on Thursday, November 7th. The industrial products company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.07. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. The business had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period last year, the business earned $3.64 earnings per share. The firm’s revenue was down 20.6% on a year-over-year basis. Analysts anticipate that Rockwell Automation, Inc. will post 9.44 EPS for the current fiscal year.

Rockwell Automation announced that its Board of Directors has initiated a share repurchase program on Thursday, September 5th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the industrial products company to buy up to 3.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Rockwell Automation Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 18th will be paid a $1.31 dividend. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.25. This represents a $5.24 annualized dividend and a yield of 1.78%. The ex-dividend date is Monday, November 18th. Rockwell Automation’s dividend payout ratio (DPR) is 63.29%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ROK. Robert W. Baird increased their target price on Rockwell Automation from $290.00 to $305.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. lowered their price objective on shares of Rockwell Automation from $245.00 to $227.00 and set an “underweight” rating for the company in a research report on Monday, August 12th. UBS Group assumed coverage on shares of Rockwell Automation in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $313.00 price objective on the stock. Mizuho increased their target price on Rockwell Automation from $245.00 to $270.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Oppenheimer boosted their price target on Rockwell Automation from $288.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $287.13.

About Rockwell Automation

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.