Rockwell Automation, Inc. (NYSE:ROK) Position Increased by Drystone LLC

Drystone LLC boosted its holdings in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 24.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,647 shares of the industrial products company's stock after buying an additional 4,975 shares during the quarter. Rockwell Automation makes up 6.6% of Drystone LLC's holdings, making the stock its 6th biggest holding. Drystone LLC's holdings in Rockwell Automation were worth $6,627,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ROK. Vanguard Group Inc. boosted its stake in shares of Rockwell Automation by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 13,876,530 shares of the industrial products company's stock valued at $3,965,774,000 after purchasing an additional 81,079 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Rockwell Automation by 6.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,115,280 shares of the industrial products company's stock valued at $2,033,476,000 after purchasing an additional 432,934 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Rockwell Automation by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 2,734,430 shares of the industrial products company's stock valued at $779,426,000 after purchasing an additional 51,228 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Rockwell Automation by 3.9% during the fourth quarter. Invesco Ltd. now owns 1,417,323 shares of the industrial products company's stock valued at $405,057,000 after purchasing an additional 53,287 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Rockwell Automation by 14.1% during the fourth quarter. Northern Trust Corp now owns 1,391,331 shares of the industrial products company's stock valued at $397,628,000 after purchasing an additional 171,604 shares in the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ROK has been the topic of a number of recent research reports. Bank of America raised Rockwell Automation from a "neutral" rating to a "buy" rating and lifted their price target for the company from $360.00 to $410.00 in a research note on Wednesday. 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. CICC Research started coverage on Rockwell Automation in a research report on Monday, July 7th. They set an "outperform" rating and a $381.00 price objective for the company. KeyCorp raised their price objective on Rockwell Automation from $360.00 to $370.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, Barclays raised their price objective on Rockwell Automation from $350.00 to $370.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $337.58.

Rockwell Automation Stock Performance

ROK stock traded up $4.98 during midday trading on Wednesday, hitting $351.57. The company's stock had a trading volume of 1,459,339 shares, compared to its average volume of 866,381. The stock's 50-day moving average price is $320.92 and its 200 day moving average price is $285.84. The company has a quick ratio of 0.72, a current ratio of 1.05 and a debt-to-equity ratio of 0.71. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $354.50. The stock has a market cap of $39.63 billion, a price-to-earnings ratio of 44.28, a PEG ratio of 3.90 and a beta of 1.38.

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 return on equity of 30.16% and a net margin of 11.38%. The business had revenue of $2 billion for the quarter, compared to analysts' expectations of $1.97 billion. During the same quarter in the previous year, the firm earned $2.50 earnings per share. The business's revenue was down 5.9% on a year-over-year basis. On average, equities analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 1.49%. Rockwell Automation's payout ratio is presently 65.99%.

Insider Transactions 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 in the company, valued at $1,325,838.16. The trade was a 8.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Christopher Nardecchia sold 551 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $326.31, for a total value of $179,796.81. Following the sale, the senior vice president owned 12,711 shares in the company, valued at approximately $4,147,726.41. The trade was a 4.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,388 shares of company stock valued at $2,307,487. 0.68% of the stock is currently owned by insiders.

Rockwell Automation Company 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.