Deutsche Bank AG Increases Stake in Rockwell Automation, Inc. (NYSE:ROK)

Key Points

• Deutsche Bank AG increased its stake in Rockwell Automation, Inc. by 1.8%, acquiring an additional 7,958 shares, bringing its total holdings to 460,405 shares valued at approximately $118.96 million.
• Rockwell Automation recently reported earnings of $2.82 per share, exceeding analysts' expectations, with a year-over-year revenue increase of 4.5%.
• The company has declared a quarterly dividend of $1.31 per share, with a yield of 1.6%, to be paid on September 10th to shareholders of record from August 18th.

Deutsche Bank AG increased its position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 1.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 460,405 shares of the industrial products company's stock after acquiring an additional 7,958 shares during the quarter. Deutsche Bank AG owned about 0.41% of Rockwell Automation worth $118,959,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Citizens National Bank Trust Department acquired a new stake in shares of Rockwell Automation during the 1st quarter valued at about $26,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Rockwell Automation during the 1st quarter valued at about $31,000. IMA Advisory Services Inc. acquired a new stake in shares of Rockwell Automation during the 1st quarter valued at about $32,000. Cooksen Wealth LLC acquired a new stake in shares of Rockwell Automation during the 1st quarter valued at about $34,000. Finally, Parvin Asset Management LLC acquired a new stake in shares of Rockwell Automation during the 4th quarter valued at about $36,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ROK has been the subject of several analyst reports. Wells Fargo & Company set a $345.00 price target on shares of Rockwell Automation and gave the company an "equal weight" rating in a report on Friday. Wall Street Zen raised shares of Rockwell Automation from a "hold" rating to a "buy" rating in a report on Saturday. TD Cowen raised shares of Rockwell Automation from a "sell" rating to a "hold" rating and set a $275.00 target price for the company in a research note on Friday, May 9th. JPMorgan Chase & Co. boosted their target price on shares of Rockwell Automation from $271.00 to $299.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, Barclays dropped their target price on shares of Rockwell Automation from $370.00 to $357.00 and set an "overweight" rating for the company in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $339.47.

Insiders Place Their Bets

In other news, SVP Matheus De A. G. Viera Bulho sold 526 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $325.35, for a total transaction of $171,134.10. Following the transaction, the senior vice president owned 983 shares of the company's stock, valued at approximately $319,819.05. The trade was a 34.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Terry L. Riesterer sold 269 shares of the company's stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $355.26, for a total value of $95,564.94. Following the completion of the transaction, the vice president directly owned 1,613 shares in the company, valued at $573,034.38. This trade represents a 14.29% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,818 shares of company stock worth $1,944,708. Insiders own 0.68% of the company's stock.

Rockwell Automation Price Performance

NYSE ROK traded up $9.81 on Tuesday, reaching $339.57. 972,087 shares of the company's stock traded hands, compared to its average volume of 1,053,175. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $360.92. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72. The stock has a 50-day simple moving average of $337.18 and a 200 day simple moving average of $294.58. The stock has a market cap of $38.18 billion, a PE ratio of 39.86, a P/E/G ratio of 3.39 and a beta of 1.39.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.67 by $0.15. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same quarter last year, the firm posted $2.71 earnings per share. The company's revenue for the quarter was up 4.5% on a year-over-year basis. As a group, research analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

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 paid a $1.31 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $5.24 dividend on an annualized basis and a yield of 1.5%. Rockwell Automation's payout ratio is presently 61.50%.

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.