Bank Julius Baer & Co. Ltd Zurich Sells 432,833 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Bank Julius Baer & Co. Ltd Zurich trimmed its position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 90.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,274 shares of the industrial products company's stock after selling 432,833 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in Rockwell Automation were worth $13,285,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Fifth Third Bancorp raised its holdings in shares of Rockwell Automation by 8.5% during the 1st quarter. Fifth Third Bancorp now owns 5,424 shares of the industrial products company's stock valued at $1,401,000 after buying an additional 423 shares in the last quarter. CWM LLC grew its position in Rockwell Automation by 3.7% during the 1st quarter. CWM LLC now owns 2,353 shares of the industrial products company's stock worth $608,000 after acquiring an additional 84 shares during the last quarter. Teacher Retirement System of Texas grew its position in Rockwell Automation by 39.1% during the 4th 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 last quarter. Allspring Global Investments Holdings LLC grew its position in Rockwell Automation by 0.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,652 shares of the industrial products company's stock worth $1,462,000 after acquiring an additional 43 shares during the last quarter. Finally, Brighton Jones LLC bought a new position in Rockwell Automation during the 4th quarter worth approximately $281,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Rockwell Automation Stock Up 0.5%

Rockwell Automation stock traded up $1.86 on Friday, hitting $358.87. 642,538 shares of the stock traded hands, compared to its average volume of 782,185. The company has a current ratio of 1.05, a quick ratio of 0.72 and a debt-to-equity ratio of 0.71. The firm has a market cap of $40.45 billion, a P/E ratio of 45.20, a price-to-earnings-growth ratio of 3.64 and a beta of 1.38. The business's fifty day simple moving average is $329.75 and its 200 day simple moving average is $289.80. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $360.92.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.09 by $0.36. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.97 billion. Rockwell Automation had a return on equity of 30.16% and a net margin of 11.38%. The company's revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.50 earnings per share. As a group, sell-side analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th will be given a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Monday, August 18th. Rockwell Automation's dividend payout ratio is currently 65.99%.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, SVP Tessa M. Myers sold 363 shares of the business's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $326.32, for a total value of $118,454.16. Following the sale, the senior vice president directly owned 4,063 shares of the company's stock, valued at approximately $1,325,838.16. The trade was a 8.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Matheus De A. G. Viera Bulho sold 939 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $304.24, for a total value of $285,681.36. Following the completion of the sale, the senior vice president directly owned 983 shares in the company, valued at $299,067.92. This trade represents a 48.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,757 shares of company stock valued at $3,138,220. Company insiders own 0.68% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Loop Capital raised their price target on Rockwell Automation from $280.00 to $290.00 and gave the stock a "hold" rating in a research report on Thursday, May 15th. TD Cowen upgraded Rockwell Automation from a "sell" rating to a "hold" rating and set a $275.00 price target on the stock in a research report on Friday, May 9th. Citigroup restated a "buy" rating and set a $392.00 price target (up from $371.00) on shares of Rockwell Automation in a research report on Monday, July 14th. KeyCorp raised their price target on Rockwell Automation from $360.00 to $370.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Finally, CICC Research initiated coverage on Rockwell Automation in a research report on Monday, July 7th. They set an "outperform" rating and a $381.00 price target on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Rockwell Automation has a consensus rating of "Moderate Buy" and an average price target of $341.11.

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.