Dakota Wealth Management boosted its stake in Rockwell Automation, INC (NYSE: ROK) during the third quarter, according to the 13F filing it made with the Securities and Exchange Commission.
This data was gathered from the submitted material.
2,100 shares of the industrial goods company were purchased by the institutional investor for 452,000 dollars.
Some large investors recently changed the proportion of the company's shares they hold in their portfolios.
Over the first three months of the year, the value of Vanguard Group INC's investment in Rockwell Automation rose by 0.9%. After the acquisition of 106,641 extra shares during the most recent fiscal quarter, Vanguard Group INC now owns 11,472,877 shares of the industrial goods firm.
The market value of all of these shares is $3,212,750,000.
JPMorgan Chase & Co. increased its holdings of Rockwell Automation stock in its portfolio by 13.9% during the second quarter. The industrial products company's 2,364,908 shares are now all owned by JPMorgan Chase & Co.
The corporation bought an additional 288.808 shares during the most recent fiscal quarter to acquire these shares, which have a market value of $471,350,000.
Amundi saw a rise in the percentage of Rockwell Automation stock it owned during the second quarter of 70.1%.
Amundi acquired an additional 800,290 shares of the industrial products company's stock during the most recent quarter, for a total of 1,941,741 shares, valued at $387,703,000.
Lazard Asset Management LLC increased its holdings in Rockwell Automation stock by 3.3% during the second quarter, bringing the total percentage of the company's shares to 100%.
Since the start of the most recent quarter, Lazard Asset Management LLC has added 37,515 extra shares to its existing holdings of the industrial goods company.
This increases its current holdings to 1,181,718 shares, with a market value of $235,527,000.
Not to mention, Goldman Sachs Group INC grew its ownership of Rockwell Automation stock by a total of 2.5 percent throughout the period covered by this research. After acquiring an additional 26,780 shares during the most recent quarter, Goldman Sachs Group INC now owns 1,082,189 shares of the industrial goods company's stock.
The total number of shares in the business now stands at 1.
These shares presently have a market value of $215,691,000.
77.66% of the company's outstanding shares are held by institutions and hedge funds.
Recently, several brokerages produced research about ROK that they had collated and made public.
In a research note released by Mizuho on Friday, January 27, the price objective for Rockwell Automation was raised from $250 to $260.00.
Also, the brokerage firm gave the company's stock a "neutral" rating. In a research note released on November 3, 2018, Credit Suisse Group increased their price target on Rockwell Automation shares from $241.00 to $243.00 and changed the company's rating from "neutral" to "outperform." In a research note published on Friday, November 4, JPMorgan Chase & Co upped their price objective on Rockwell Automation shares from $180.00 to $195.00 while downgrading the stock to "underweight." Oppenheimer gave Rockwell Automation a "outperform" rating in a research report published on Tuesday, January 24.
The stock's target price was also raised by Oppenheimer, who raised it from $278.00 to $290.00.
Also, they raised their forecasted price for the stock by $0.
In a research report released on January 31, Loop Capital recommended that the price objective for Rockwell Automation be raised from $258.00 to $285.00. Six analysts suggest customers keep their current position with the stock, six analysts recommend clients buy the stock, and four analysts advise clients to sell the stock.
According to the information provided by Trade Algo, the company has an average recommendation of "Hold," and its current consensus target price is $263.24.
When trading started on Friday, the cost of a Rockwell Automation share was $295.88.
Now, the quick ratio is 0.69, the current ratio is 1.03, and the debt-to-equity ratio is 0.90. The stock of Rockwell Automation, INC. achieved a high of $299.40 during the past year, while the company's share price reached a low of $190.08 over the same period.
The company's price-to-earnings ratio is 32.06, its price-to-growth ratio is 3.31, and its beta value is 1.46.
The company's market capitalization as of right now is $33.96 billion.
Both the company's 50-day and 200-day moving averages are currently at $273.01 and $255.16, respectively.
On January 26, Rockwell Automation, which trades on the New York Stock Exchange under the ticker symbol "ROK," released the financial figures for its most recent fiscal quarter.
The industrial goods sector posted earnings per share of $2.46 for the quarter, $0.65 higher than the average estimate of $1.81. With a net margin of 13.63 percent of sales, Rockwell Automation achieved a return on equity of 38.70 percent.
The company's actual sales for the quarter came in at 1.98 billion dollars, which was much better than the experts' forecast of 1.93 billion dollars.
Earnings per share for the quarter were $2.14, $2.14 more than they had been for the same quarter the year before.
The company's third quarter showed a 6.7% growth in revenue when compared to the same time last year.
Analyst predictions in the relevant industry predict that Rockwell Automation, INC will earn 11.17 cents per share for the current fiscal year.
The business also announced that it would start paying a quarterly dividend, which is expected to happen on March 10. The dividend payment will be $1.18 per share, and it will be available to shareholders whose information was on file as of February 21.
The Dividend shall cease to be payable this coming Friday, February 17.
With an annual dividend yield of 1.60 percent, this yields a dividend payout of $4.72.
The current dividend payout ratio (DPR) for Rockwell Automation is 51.14%.
On December 7, Rockwell Automation vice president John M. Miller also finished selling 190 shares.
$48,759.70 was the total money collected from the selling of the shares or an average price of $256.63 per share. The Vice President shall have a total of 4,761 shares of the Company's Common Stock, par value $1,221,815.43, upon the consummation of the Transaction.
You will have the chance to learn more about the transaction if you click the link, which will direct you to a legal file submitted to the SEC.
Vice President John M. Miller reportedly sold 190 shares of Rockwell Automation stock on December 7th, according to information from other sources.
This transaction was made public in previous Rockwell Automation news.
In total, $48,759.70 was made from the sale of the shares, and on average, $256.63 was the price that buyers were willing to provide.
The value of the vice president's 4,761 shares of company stock as of today is $1,221,815.43.
The preceding transaction has an immediate impact on this.
The transaction's legal documentation, which may be fully accessed by clicking the link in the preceding sentence, was provided to the Securities and Exchange Commission.
The SEC received the documentation.
Also, on December 15th, Senior Vice President Frank C. Kulaszewicz sold 291 shares of the business.
The shares were sold for an average price of $264.40 per share, for a total sale volume of $76,940.40. Following the sale, the senior vice president now owns 14,885 shares of the business, valued at $3,935,594 at the time of this writing.
This area of the website may contain disclosures pertaining to the sale.
Employees and other insiders hold 0.64% of the business; over the past three months, insiders have sold 21,353 shares of company stock on the open market for a total of $5,765,219 in value.
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