Czech National Bank Has $6.71 Million Position in Rockwell Automation, Inc. (NYSE:ROK)

Czech National Bank boosted its position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 6.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,971 shares of the industrial products company's stock after buying an additional 1,492 shares during the quarter. Czech National Bank's holdings in Rockwell Automation were worth $6,710,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ROK. Bank of Jackson Hole Trust purchased a new position in Rockwell Automation in the fourth quarter valued at about $34,000. SBI Securities Co. Ltd. purchased a new position in shares of Rockwell Automation during the 4th quarter valued at approximately $35,000. Parvin Asset Management LLC acquired a new stake in shares of Rockwell Automation during the fourth quarter worth approximately $36,000. Flagship Wealth Advisors LLC bought a new stake in shares of Rockwell Automation in the fourth quarter worth $38,000. Finally, Knuff & Co LLC raised its holdings in Rockwell Automation by 41.0% in the fourth quarter. Knuff & Co LLC now owns 141 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 41 shares in the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Robert W. Baird lifted their price target on Rockwell Automation from $305.00 to $315.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. BNP Paribas raised shares of Rockwell Automation from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. Oppenheimer raised their price target on shares of Rockwell Automation from $258.00 to $304.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. The Goldman Sachs Group upped their target price on Rockwell Automation from $257.00 to $290.00 and gave the company a "sell" rating in a report on Tuesday, February 11th. Finally, TD Cowen upgraded Rockwell Automation from a "sell" rating to a "hold" rating and set a $275.00 price objective for the company in a research report on Friday, May 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $316.21.

Insider Transactions at Rockwell Automation

In other news, VP Terry L. Riesterer sold 2,500 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $304.13, for a total transaction of $760,325.00. Following the sale, the vice president now directly owns 1,033 shares in the company, valued at approximately $314,166.29. The trade was a 70.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Matheus De A. G. Viera Bulho sold 939 shares of the business's stock in a transaction on Monday, May 12th. The shares were 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 now directly owns 983 shares in the company, valued at approximately $299,067.92. This represents a 48.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,405 shares of company stock valued at $1,640,796 in the last three months. Corporate insiders own 0.68% of the company's stock.

Rockwell Automation Trading Up 0.5%

ROK traded up $1.53 during trading on Thursday, reaching $320.42. The company had a trading volume of 861,845 shares, compared to its average volume of 875,972. The firm's 50-day simple moving average is $268.02 and its 200 day simple moving average is $278.11. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. The company has a market cap of $36.12 billion, a price-to-earnings ratio of 39.90, a PEG ratio of 3.53 and a beta of 1.38. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $323.13.

Rockwell Automation (NYSE:ROK - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.36. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. The firm had revenue of $2 billion for the quarter, compared to analysts' expectations of $1.97 billion. During the same period in the previous year, the company posted $2.50 EPS. The company's quarterly revenue was down 5.9% compared to the same quarter last year. Equities research 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 Tuesday, June 10th. Stockholders of record on Monday, May 19th will be paid a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Monday, May 19th. Rockwell Automation's dividend payout ratio (DPR) is presently 65.99%.

About Rockwell Automation

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.