Rockwell Automation, Inc. (NYSE:ROK) Stock Holdings Raised by GAMMA Investing LLC

GAMMA Investing LLC boosted its holdings in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 29,844.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 702,794 shares of the industrial products company's stock after acquiring an additional 700,447 shares during the quarter. GAMMA Investing LLC owned about 0.62% of Rockwell Automation worth $181,588,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC acquired a new stake in shares of Rockwell Automation in the fourth quarter valued at about $281,000. Crews Bank & Trust acquired a new stake in shares of Rockwell Automation in the 4th quarter worth approximately $124,000. Sonora Investment Management Group LLC raised its holdings in Rockwell Automation by 11.1% during the fourth quarter. Sonora Investment Management Group LLC now owns 1,130 shares of the industrial products company's stock worth $323,000 after purchasing an additional 113 shares during the last quarter. Caprock Group LLC boosted its position in Rockwell Automation by 4.6% during the fourth quarter. Caprock Group LLC now owns 3,052 shares of the industrial products company's stock worth $872,000 after purchasing an additional 135 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new stake in Rockwell Automation during the fourth quarter worth $57,000. Institutional investors and hedge funds own 75.75% of the company's stock.

Rockwell Automation Trading Up 1.0%

Shares of ROK stock traded up $3.20 on Wednesday, reaching $319.82. 490,639 shares of the stock were exchanged, compared to its average volume of 874,048. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. The stock has a market cap of $36.05 billion, a P/E ratio of 39.83, a price-to-earnings-growth ratio of 3.53 and a beta of 1.38. The firm has a 50 day moving average of $266.80 and a two-hundred day moving average of $277.83. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $320.27.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.09 by $0.36. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.97 billion. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. The firm's revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.50 earnings per share. On average, research analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Dividend Announcement

The firm also recently announced 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 is presently 65.99%.

Insider Activity at Rockwell Automation

In other news, SVP Matthew W. Fordenwalt sold 450 shares of Rockwell Automation stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $315.02, for a total transaction of $141,759.00. Following the sale, the senior vice president now owns 2,838 shares in the company, valued at $894,026.76. This trade represents a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Matheus De A. G. Viera Bulho sold 293 shares of Rockwell Automation stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $257.68, for a total transaction of $75,500.24. Following the sale, the senior vice president now directly owns 1,922 shares in the company, valued at $495,260.96. This trade represents a 13.23% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,682 shares of company stock worth $1,410,771. 0.68% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on ROK shares. Barclays upgraded Rockwell Automation from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $283.00 to $350.00 in a research report on Friday, May 30th. Robert W. Baird lifted their target price on shares of Rockwell Automation from $305.00 to $315.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Loop Capital increased their price target on shares of Rockwell Automation from $280.00 to $290.00 and gave the company a "hold" rating in a research report on Thursday, May 15th. KeyCorp boosted their target price on shares of Rockwell Automation from $275.00 to $330.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, The Goldman Sachs Group upped their target price on shares of Rockwell Automation from $257.00 to $290.00 and gave the company a "sell" rating in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $316.21.

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.