Rockwell Automation, Inc. (NYSE:ROK).
Swedbank reports that it lowered its position in Rockwell Automation, Inc. by 10.6% in the last quarter. Its stake was worth $176,480,000 a decrease of 7.0% as of quarter end.
These firms have also modified their investment in ROK. As of the end of the quarter Gateway Investment Advisers LLC had disposed of a total of 198 shares trimming its stake by 0.6%. The value of the investment in (ROK) went from $5,306,000 to $5,487,000 a change of $181,000 for the reporting period. Northwest Investment Counselors, LLC trimmed its ownership by shedding 196 shares a decrease of 1.5% from 03/31/2017 to 06/30/2017. Northwest Investment Counselors, LLC now holds 13,225 shares valued at $2,142,000. The value of the position overall is up by 2.5%.
M. Kraus & Co added to its position by buying 572 shares an increase of 1.8%. M. Kraus & Co currently owns 31,725 shares with a value of $5,138,000. The total value of its holdings increased 5.9%.
Wolfe Research released its first research report on the stock by announcing an initial rating of “Peer Perform”. Barclays both upgraded the stock and raised the price target on October 24 changing the price target from $118.00 to $141.00 and moving the rating from “Equalweight” to “Overweight”.
On October 24 the stock rating was upgraded to “Overweight” from “Equalweight” and a price target of $141.00 was set by analysts at Barclays. October 10 investment analysts at CItigroup kept the stock rating at “Neutral” but raised the price target to $122.00 from $118.00.
On October 3, 2016 Berenberg added ROK to its research portfolio giving it an initial rating of “Sell” and price target of $110.00. On September 30 the company was upgraded from “Underperform” to “Market Perform” in an announcement from Bernstein.
The company is trading up from yesterday’s close of $164.16. Rockwell Automation, Inc. recently declared a dividend that will be paid on Mon Sep 11, 2017. The dividend payment will be $0.760 per share for the quarter or $3.04 annualized. This dividend represents a yield of $1.85. The ex-dividend date is Thursday the 11th of May 2017.
It is trading at $165.13 a tad higher than the 50 day moving average which is $159.63 and which is just over the 200 day moving average of $151.73. The 50 day moving average moved up $5.39 whereas the 200 day average was up by +8.76%.
The most current P/E ratio is 27.54 and the market cap of the company is 21.26B. As of the latest earnings report the EPS was $5.99 and is projected to be $6.66 for the current year with 128,835,000 shares currently outstanding. Next quarter’s EPS is expected be $1.72 with next year’s EPS anticipated to be $7.28.