Rockwell Automation, Inc. (NYSE:ROK) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its holdings in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 2.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,736 shares of the industrial products company's stock after acquiring an additional 994 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Rockwell Automation were worth $12,076,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp increased its stake in shares of Rockwell Automation by 8.5% in the first quarter. Fifth Third Bancorp now owns 5,424 shares of the industrial products company's stock worth $1,401,000 after acquiring an additional 423 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Rockwell Automation by 39.1% in the fourth quarter. Teacher Retirement System of Texas now owns 1,063 shares of the industrial products company's stock worth $304,000 after acquiring an additional 299 shares during the period. Brighton Jones LLC acquired a new stake in shares of Rockwell Automation in the fourth quarter worth $281,000. Schroder Investment Management Group boosted its holdings in Rockwell Automation by 14.9% during the fourth quarter. Schroder Investment Management Group now owns 14,478 shares of the industrial products company's stock worth $4,135,000 after buying an additional 1,872 shares in the last quarter. Finally, Banque Transatlantique SA purchased a new stake in Rockwell Automation during the fourth quarter worth $8,289,000. 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 stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $257.68, for a total value of $75,500.24. Following the completion of the sale, the senior vice president now directly owns 1,922 shares in the company, valued at $495,260.96. This represents a 13.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Matthew W. Fordenwalt sold 289 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $326.33, for a total transaction of $94,309.37. Following the sale, the senior vice president now owns 3,196 shares of the company's stock, valued at approximately $1,042,950.68. The trade was a 8.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,681 shares of company stock worth $2,382,987 over the last three months. Insiders own 0.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Citigroup increased their price target on shares of Rockwell Automation from $327.00 to $371.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. BNP Paribas raised shares of Rockwell Automation from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. KeyCorp reissued an "overweight" rating and set a $360.00 price target (up from $345.00) on shares of Rockwell Automation in a report on Friday, June 13th. Oppenheimer increased their price target on shares of Rockwell Automation from $258.00 to $304.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Finally, Loop Capital increased their price target on shares of Rockwell Automation from $280.00 to $290.00 and gave the stock a "hold" rating in a report on Thursday, May 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Rockwell Automation has an average rating of "Moderate Buy" and an average target price of $317.79.

Rockwell Automation Price Performance

ROK traded up $3.82 during midday trading on Friday, hitting $330.03. 940,246 shares of the company traded hands, compared to its average volume of 871,992. The business has a 50 day simple moving average of $295.87 and a two-hundred day simple moving average of $281.59. The company has a market capitalization of $37.20 billion, a price-to-earnings ratio of 41.57, a PEG ratio of 3.74 and a beta of 1.38. The company has a current ratio of 1.05, a quick ratio of 0.72 and a debt-to-equity ratio of 0.71. Rockwell Automation, Inc. has a 52-week low of $215.00 and a 52-week high of $331.17.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $2.45 EPS for the quarter, beating analysts' consensus estimates of $2.09 by $0.36. The business had revenue of $2 billion during the quarter, compared to analysts' expectations of $1.97 billion. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.16%. The company's quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.50 earnings per share. On average, equities analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 18th will be given a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Monday, August 18th. Rockwell Automation's dividend payout ratio (DPR) is 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.