E Fund Management Co. Ltd. Invests $54,000 in Rockwell Automation, Inc. (NYSE:ROK)

E Fund Management Co. Ltd. bought a new stake in Rockwell Automation, Inc. (NYSE:ROK) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 204 shares of the industrial products company’s stock, valued at approximately $54,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lumature Wealth Partners LLC acquired a new stake in shares of Rockwell Automation in the 1st quarter valued at about $27,000. IronBridge Private Wealth LLC acquired a new position in Rockwell Automation during the 4th quarter valued at about $27,000. BDO Wealth Advisors LLC boosted its stake in Rockwell Automation by 177.8% during the 4th quarter. BDO Wealth Advisors LLC now owns 125 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 80 shares during the last quarter. Pinnacle Bancorp Inc. boosted its stake in Rockwell Automation by 191.1% during the 1st quarter. Pinnacle Bancorp Inc. now owns 131 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 86 shares during the last quarter. Finally, Allred Capital Management LLC acquired a new position in Rockwell Automation during the 1st quarter valued at about $36,000. Institutional investors own 75.42% of the company’s stock.

In related news, SVP Rebecca W. House sold 4,600 shares of the stock in a transaction dated Friday, May 7th. The shares were sold at an average price of $270.01, for a total value of $1,242,046.00. Following the completion of the transaction, the senior vice president now directly owns 9,885 shares of the company’s stock, valued at $2,669,048.85. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Rebecca W. House sold 6,268 shares of the stock in a transaction dated Monday, May 3rd. The stock was sold at an average price of $265.21, for a total transaction of $1,662,336.28. Following the completion of the transaction, the senior vice president now directly owns 12,421 shares of the company’s stock, valued at $3,294,173.41. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,690 shares of company stock valued at $4,988,477. Insiders own 0.79% of the company’s stock.

NYSE ROK traded up $0.78 during trading on Thursday, hitting $279.93. 3,544 shares of the company’s stock traded hands, compared to its average volume of 688,728. The business’s fifty day moving average price is $265.64. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.07 and a current ratio of 1.39. Rockwell Automation, Inc. has a 12-month low of $200.60 and a 12-month high of $279.88. The firm has a market cap of $32.49 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 3.00 and a beta of 1.36.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Tuesday, April 27th. The industrial products company reported $2.41 EPS for the quarter, beating the consensus estimate of $2.15 by $0.26. The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.73 billion. Rockwell Automation had a net margin of 25.20% and a return on equity of 57.72%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.43 earnings per share. On average, sell-side analysts anticipate that Rockwell Automation, Inc. will post 9.21 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 10th. Stockholders of record on Monday, August 16th will be paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, August 13th. Rockwell Automation’s dividend payout ratio (DPR) is 55.73%.

Several equities analysts have commented on ROK shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Rockwell Automation from $242.00 to $268.00 and gave the stock a “hold” rating in a research report on Tuesday, April 13th. Morgan Stanley lifted their price target on shares of Rockwell Automation from $300.00 to $313.00 and gave the stock an “overweight” rating in a report on Thursday, April 29th. Rosenblatt Securities lifted their price target on shares of Rockwell Automation from $240.00 to $260.00 and gave the stock a “neutral” rating in a report on Monday, May 3rd. Credit Suisse Group lifted their price target on shares of Rockwell Automation from $248.00 to $265.00 and gave the stock a “neutral” rating in a report on Thursday, April 29th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Rockwell Automation from $189.00 to $205.00 and gave the stock an “underweight” rating in a report on Wednesday, May 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $266.50.

About Rockwell Automation

Rockwell Automation, Inc provides industrial automation and digital transformation solutions. The company operates in two segments, Architecture & Software, and Control Products & Solutions. The Architecture & Software segment offers a portfolio of automation and information platforms, including hardware and software.

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

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