Bayesian Capital Management LP Has $692,000 Stock Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Bayesian Capital Management LP grew its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 197.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,421 shares of the industrial products company's stock after buying an additional 1,606 shares during the quarter. Bayesian Capital Management LP's holdings in Rockwell Automation were worth $692,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. West Oak Capital LLC boosted its position in Rockwell Automation by 455.6% during the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company's stock worth $29,000 after purchasing an additional 82 shares during the period. Bank of Jackson Hole Trust purchased a new stake in shares of Rockwell Automation in the fourth quarter worth about $34,000. SBI Securities Co. Ltd. acquired a new stake in shares of Rockwell Automation in the fourth quarter valued at about $35,000. Parvin Asset Management LLC purchased a new stake in shares of Rockwell Automation during the 4th quarter valued at about $36,000. Finally, Flagship Wealth Advisors LLC purchased a new stake in shares of Rockwell Automation during the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 75.75% of the company's stock.

Insider Activity

In other news, SVP Matheus De A. G. Viera Bulho sold 293 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $257.68, for a total transaction of $75,500.24. Following the completion of the sale, the senior vice president now directly owns 1,922 shares of the company's stock, valued at $495,260.96. This represents a 13.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Isaac Woods sold 876 shares of Rockwell Automation stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $284.03, for a total value of $248,810.28. Following the completion of the transaction, the vice president now directly owns 1,057 shares in the company, valued at $300,219.71. This represents a 45.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,750 shares of company stock worth $1,075,923. Corporate insiders own 0.68% of the company's stock.

Rockwell Automation Price Performance

Rockwell Automation stock traded up $3.64 during trading hours on Friday, hitting $294.88. 1,024,672 shares of the company traded hands, compared to its average volume of 870,563. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $308.70. The firm has a market cap of $33.34 billion, a P/E ratio of 36.72, a P/E/G ratio of 3.53 and a beta of 1.32. The firm's 50-day simple moving average is $251.35 and its two-hundred day simple moving average is $273.54. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.09 by $0.36. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. The firm had revenue of $2 billion for the quarter, compared to analysts' expectations of $1.97 billion. During the same quarter in the previous year, the company earned $2.50 earnings per share. The firm's quarterly revenue was down 5.9% compared to the same quarter last year. As a group, analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be given a dividend of $1.31 per share. The ex-dividend date is Monday, May 19th. This represents a $5.24 annualized dividend and a dividend yield of 1.78%. Rockwell Automation's dividend payout ratio (DPR) is 65.99%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ROK. BNP Paribas raised shares of Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 9th. The Goldman Sachs Group raised their price target on shares of Rockwell Automation from $257.00 to $290.00 and gave the company a "sell" rating in a report on Tuesday, February 11th. Stephens upgraded shares of Rockwell Automation from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $275.00 to $350.00 in a report on Thursday, January 16th. Barclays raised their target price on Rockwell Automation from $260.00 to $283.00 and gave the company an "equal weight" rating in a research note on Thursday. Finally, Citigroup boosted their price target on Rockwell Automation from $283.00 to $327.00 and gave the stock a "buy" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $308.37.

Rockwell Automation Profile

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.