Bank of New York Mellon Corp Sells 9,221 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Bank of New York Mellon Corp lowered its stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 1.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 765,160 shares of the industrial products company's stock after selling 9,221 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.68% of Rockwell Automation worth $197,702,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ROK. Brighton Jones LLC purchased a new position in Rockwell Automation in the 4th quarter worth about $281,000. Bank Pictet & Cie Europe AG boosted its position in Rockwell Automation by 0.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company's stock worth $1,199,000 after acquiring an additional 38 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Rockwell Automation during the 4th quarter worth about $35,000. Steward Partners Investment Advisory LLC boosted its position in Rockwell Automation by 6.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,044 shares of the industrial products company's stock worth $298,000 after acquiring an additional 63 shares during the period. Finally, Assetmark Inc. boosted its position in Rockwell Automation by 22.6% during the 4th quarter. Assetmark Inc. now owns 3,047 shares of the industrial products company's stock worth $871,000 after acquiring an additional 561 shares during the period. Hedge funds and other institutional investors own 75.75% of the company's stock.

Rockwell Automation Stock Performance

Rockwell Automation stock traded down $1.81 on Friday, hitting $343.14. The company's stock had a trading volume of 516,535 shares, compared to its average volume of 865,936. The firm has a market cap of $38.68 billion, a P/E ratio of 43.22, a price-to-earnings-growth ratio of 3.88 and a beta of 1.38. The company has a quick ratio of 0.72, a current ratio of 1.05 and a debt-to-equity ratio of 0.71. The company has a fifty day moving average price of $315.46 and a 200-day moving average price of $284.81. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $348.43.

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

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders 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 yield of 1.53%. The ex-dividend date of this dividend is Monday, August 18th. Rockwell Automation's dividend payout ratio (DPR) is 65.99%.

Wall Street Analyst Weigh In

ROK has been the subject of a number of research reports. Loop Capital raised their price objective on Rockwell Automation from $280.00 to $290.00 and gave the stock a "hold" rating in a research report on Thursday, May 15th. Oppenheimer raised their price objective on Rockwell Automation from $258.00 to $304.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Bank of America raised their price objective on Rockwell Automation from $330.00 to $360.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. CICC Research began coverage on Rockwell Automation in a report on Monday. They set an "outperform" rating and a $381.00 price target for the company. Finally, Barclays lifted their price target on Rockwell Automation from $350.00 to $370.00 and gave the company an "overweight" rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $332.00.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, VP Isaac Woods sold 297 shares of the company's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $326.31, for a total value of $96,914.07. Following the sale, the vice president directly owned 1,691 shares in the company, valued at $551,790.21. This represents a 14.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Tessa M. Myers sold 363 shares of the company's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $326.32, for a total value of $118,454.16. Following the completion of the sale, the senior vice president owned 4,063 shares in the company, valued at $1,325,838.16. This trade represents a 8.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,388 shares of company stock valued at $2,307,487. 0.68% of the stock is owned by insiders.

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.