Deutsche Bank AG Has $129.31 Million Stake in Rockwell Automation, Inc. (NYSE:ROK)

Deutsche Bank AG lifted its position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 21.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 452,447 shares of the industrial products company's stock after acquiring an additional 78,773 shares during the quarter. Deutsche Bank AG owned approximately 0.40% of Rockwell Automation worth $129,305,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ROK. Norges Bank bought a new position in shares of Rockwell Automation in the fourth quarter valued at approximately $284,177,000. Wellington Management Group LLP grew its holdings in shares of Rockwell Automation by 85,513.1% in the fourth quarter. Wellington Management Group LLP now owns 675,487 shares of the industrial products company's stock valued at $193,047,000 after acquiring an additional 674,698 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Rockwell Automation by 102.3% in the fourth quarter. Alliancebernstein L.P. now owns 1,287,731 shares of the industrial products company's stock valued at $368,021,000 after acquiring an additional 651,116 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Rockwell Automation by 6.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,115,280 shares of the industrial products company's stock valued at $2,033,476,000 after acquiring an additional 432,934 shares in the last quarter. Finally, Amundi grew its holdings in shares of Rockwell Automation by 26.2% in the fourth quarter. Amundi now owns 2,073,594 shares of the industrial products company's stock valued at $580,095,000 after acquiring an additional 430,498 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Wall Street Analysts Forecast Growth

ROK has been the subject of several recent research reports. Robert W. Baird lifted their price target on Rockwell Automation from $305.00 to $315.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Morgan Stanley lifted their price objective on Rockwell Automation from $335.00 to $345.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Barclays lifted their price objective on Rockwell Automation from $260.00 to $283.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. Citigroup lifted their price objective on Rockwell Automation from $283.00 to $327.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Loop Capital lifted their price objective on Rockwell Automation from $260.00 to $280.00 and gave the company a "hold" rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, eight have assigned 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $308.37.

Insider Activity

In related news, VP Isaac Woods sold 876 shares of the company's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $284.03, for a total transaction of $248,810.28. Following the sale, the vice president now owns 1,057 shares in the company, valued at approximately $300,219.71. This represents a 45.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Tessa M. Myers sold 1,231 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $285.43, for a total value of $351,364.33. Following the completion of the sale, the senior vice president now owns 3,650 shares in the company, valued at $1,041,819.50. This represents a 25.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,839 shares of company stock valued at $2,014,256 over the last three months. 0.68% of the stock is owned by insiders.

Rockwell Automation Trading Down 0.6%

Shares of ROK traded down $1.79 during midday trading on Wednesday, hitting $306.72. The stock had a trading volume of 873,673 shares, compared to its average volume of 874,835. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $310.78. The business has a 50-day simple moving average of $253.16 and a two-hundred day simple moving average of $274.26. The firm has a market cap of $34.57 billion, a P/E ratio of 38.20, a price-to-earnings-growth ratio of 3.53 and a beta of 1.32. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72.

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

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be given a $1.31 dividend. This represents a $5.24 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Monday, May 19th. Rockwell Automation's payout ratio is presently 65.99%.

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.