Rockwell Automation, Inc. (NYSE:ROK) Shares Acquired by Grandfield & Dodd LLC

Grandfield & Dodd LLC raised its position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 45,413 shares of the industrial products company's stock after buying an additional 837 shares during the quarter. Grandfield & Dodd LLC's holdings in Rockwell Automation were worth $11,734,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ROK. Citizens National Bank Trust Department bought a new position in shares of Rockwell Automation during the 1st quarter worth approximately $26,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Rockwell Automation during the first quarter worth $31,000. Cooksen Wealth LLC purchased a new stake in shares of Rockwell Automation during the 1st quarter valued at $34,000. Parvin Asset Management LLC acquired a new stake in shares of Rockwell Automation in the 4th quarter worth $36,000. Finally, Flagship Wealth Advisors LLC purchased a new position in Rockwell Automation during the 4th quarter worth $38,000. 75.75% of the stock is currently owned by institutional investors.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, SVP Matheus De A. G. Viera Bulho sold 526 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $325.35, for a total transaction of $171,134.10. Following the sale, the senior vice president directly owned 983 shares in the company, valued at $319,819.05. This represents a 34.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Christopher Nardecchia sold 551 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $326.31, for a total transaction of $179,796.81. Following the completion of the transaction, the senior vice president directly owned 12,711 shares of the company's stock, valued at approximately $4,147,726.41. The trade was a 4.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,388 shares of company stock worth $2,307,487 in the last three months. Company insiders own 0.68% of the company's stock.

Rockwell Automation Trading Up 1.5%

Shares of ROK stock traded up $5.45 on Thursday, hitting $357.12. 441,983 shares of the stock traded hands, compared to its average volume of 865,031. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.72 and a current ratio of 1.05. The firm's 50-day moving average price is $322.29 and its two-hundred day moving average price is $286.30. Rockwell Automation, Inc. has a twelve month low of $215.00 and a twelve month high of $357.58. The stock has a market capitalization of $40.25 billion, a PE ratio of 44.94, a PEG ratio of 3.90 and a beta of 1.38.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.09 by $0.36. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.16%. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter last year, the firm earned $2.50 EPS. The business's revenue was down 5.9% compared to the same quarter last year. As a group, analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Announces Dividend

The business 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 dividend of $1.31 per share. This represents a $5.24 annualized dividend and a yield of 1.47%. The ex-dividend date is Monday, August 18th. Rockwell Automation's dividend payout ratio (DPR) is presently 65.99%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ROK. CICC Research started coverage on shares of Rockwell Automation in a research note on Monday, July 7th. They issued an "outperform" rating and a $381.00 target price for the company. TD Cowen upgraded Rockwell Automation from a "sell" rating to a "hold" rating and set a $275.00 price objective on the stock in a research report on Friday, May 9th. JPMorgan Chase & Co. upped their price target on Rockwell Automation from $271.00 to $299.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. BNP Paribas upgraded Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 9th. Finally, Bank of America raised shares of Rockwell Automation from a "neutral" rating to a "buy" rating and increased their price objective for the company from $360.00 to $410.00 in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Rockwell Automation presently has a consensus rating of "Moderate Buy" and an average target price of $341.11.

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.