BI Asset Management Fondsmaeglerselskab A S Reduces Holdings in Rockwell Automation, Inc. (NYSE:ROK)

BI Asset Management Fondsmaeglerselskab A S reduced its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 41.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,580 shares of the industrial products company's stock after selling 2,489 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Rockwell Automation were worth $1,023,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MCF Advisors LLC raised its stake in shares of Rockwell Automation by 95.8% during the 4th quarter. MCF Advisors LLC now owns 2,332 shares of the industrial products company's stock worth $667,000 after purchasing an additional 1,141 shares during the period. Ameritas Advisory Services LLC raised its position in Rockwell Automation by 99.1% in the fourth quarter. Ameritas Advisory Services LLC now owns 5,187 shares of the industrial products company's stock worth $1,482,000 after acquiring an additional 2,582 shares during the period. Nordea Investment Management AB boosted its stake in Rockwell Automation by 5.9% in the fourth quarter. Nordea Investment Management AB now owns 462,537 shares of the industrial products company's stock valued at $132,554,000 after acquiring an additional 25,882 shares during the last quarter. Signal Advisors Wealth LLC grew its position in shares of Rockwell Automation by 12.5% during the 4th quarter. Signal Advisors Wealth LLC now owns 946 shares of the industrial products company's stock valued at $270,000 after acquiring an additional 105 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of Rockwell Automation by 357.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 37,239 shares of the industrial products company's stock worth $10,643,000 after purchasing an additional 29,105 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company's stock.

Rockwell Automation Price Performance

Shares of NYSE:ROK traded down $1.84 on Monday, hitting $246.54. The company's stock had a trading volume of 120,195 shares, compared to its average volume of 867,282. The company has a market capitalization of $27.88 billion, a PE ratio of 30.72, a PEG ratio of 3.53 and a beta of 1.39. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. The company has a 50-day simple moving average of $257.14 and a 200 day simple moving average of $274.45. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $308.70.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. Sell-side analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be given a $1.31 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $5.24 annualized dividend and a yield of 2.13%. Rockwell Automation's dividend payout ratio (DPR) is presently 65.26%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ROK. KeyCorp reduced their price objective on Rockwell Automation from $345.00 to $275.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Loop Capital increased their price target on Rockwell Automation from $260.00 to $280.00 and gave the stock a "hold" rating in a research note on Tuesday, February 25th. Barclays lowered their price objective on Rockwell Automation from $280.00 to $260.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. Oppenheimer increased their target price on shares of Rockwell Automation from $300.00 to $320.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Finally, Citigroup lowered their price target on shares of Rockwell Automation from $350.00 to $283.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $297.11.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP Isaac Woods sold 876 shares of Rockwell Automation stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $284.03, for a total transaction of $248,810.28. Following the transaction, the vice president now directly owns 1,057 shares of the company's stock, valued at approximately $300,219.71. This trade represents a 45.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Tessa M. Myers sold 1,231 shares of the company's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $285.43, for a total transaction of $351,364.33. Following the completion of the sale, the senior vice president now directly owns 3,650 shares of the company's stock, valued at $1,041,819.50. This trade represents a 25.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,750 shares of company stock worth $1,075,923 over the last 90 days. Corporate insiders own 0.68% of the company's stock.

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.