Exchange Traded Concepts LLC Has $16.89 Million Position in Rockwell Automation, Inc. (NYSE:ROK)

Exchange Traded Concepts LLC increased its position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 5.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,380 shares of the industrial products company's stock after purchasing an additional 3,224 shares during the quarter. Exchange Traded Concepts LLC owned 0.06% of Rockwell Automation worth $16,893,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Teacher Retirement System of Texas lifted its position in shares of Rockwell Automation by 39.1% in the 4th quarter. Teacher Retirement System of Texas now owns 1,063 shares of the industrial products company's stock worth $304,000 after buying an additional 299 shares during the last quarter. Brighton Jones LLC bought a new position in Rockwell Automation in the fourth quarter worth about $281,000. Schroder Investment Management Group boosted its stake in Rockwell Automation by 14.9% in the fourth quarter. Schroder Investment Management Group now owns 14,478 shares of the industrial products company's stock valued at $4,135,000 after acquiring an additional 1,872 shares during the period. Banque Transatlantique SA bought a new position in shares of Rockwell Automation during the fourth quarter valued at approximately $8,289,000. Finally, Steward Partners Investment Advisory LLC raised its position in shares of 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 purchasing an additional 63 shares during the period. Institutional investors and hedge funds own 75.75% of the company's stock.

Analyst Upgrades and Downgrades

ROK has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on Rockwell Automation from $271.00 to $299.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Wells Fargo & Company raised their target price on Rockwell Automation from $265.00 to $315.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. TD Cowen upgraded shares of Rockwell Automation from a "sell" rating to a "hold" rating and set a $275.00 price target for the company in a research report on Friday, May 9th. Loop Capital increased their price objective on shares of Rockwell Automation from $280.00 to $290.00 and gave the stock a "hold" rating in a report on Thursday, May 15th. Finally, Oppenheimer boosted their target price on shares of Rockwell Automation from $258.00 to $304.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Rockwell Automation currently has an average rating of "Moderate Buy" and a consensus price target of $317.79.

Rockwell Automation Price Performance

NYSE:ROK traded up $6.94 during mid-day trading on Monday, reaching $324.79. 115,867 shares of the stock were exchanged, compared to its average volume of 881,652. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The business has a fifty day moving average price of $279.47 and a 200 day moving average price of $279.67. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $328.90. The firm has a market capitalization of $36.61 billion, a PE ratio of 40.47, a PEG ratio of 3.53 and a beta of 1.38.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share (EPS) 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 company 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 company posted $2.50 EPS. The business's revenue was down 5.9% compared to the same quarter last year. Research analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

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 issued a $1.31 dividend. The ex-dividend date is Monday, August 18th. This represents a $5.24 annualized dividend and a dividend yield of 1.61%. Rockwell Automation's dividend payout ratio is currently 65.99%.

Insider Activity

In other Rockwell Automation news, SVP Matheus De A. G. Viera Bulho sold 526 shares of Rockwell Automation stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $325.35, for a total transaction of $171,134.10. Following the transaction, the senior vice president now directly owns 983 shares in the company, 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 is accessible through this hyperlink. Also, SVP Matthew W. Fordenwalt sold 223 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $313.97, for a total value of $70,015.31. Following the completion of the sale, the senior vice president now owns 3,209 shares of the company's stock, valued at $1,007,529.73. The trade was a 6.50% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,681 shares of company stock worth $2,382,987. Insiders own 0.68% of the company's stock.

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.