Hemenway Trust Co LLC Has $28.91 Million Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

Hemenway Trust Co LLC increased its position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 2.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 111,876 shares of the industrial products company's stock after purchasing an additional 2,649 shares during the quarter. Rockwell Automation makes up 2.4% of Hemenway Trust Co LLC's portfolio, making the stock its 18th biggest position. Hemenway Trust Co LLC owned 0.10% of Rockwell Automation worth $28,907,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust acquired a new stake in Rockwell Automation in the fourth quarter worth about $34,000. SBI Securities Co. Ltd. acquired a new stake in Rockwell Automation in the fourth quarter worth about $35,000. Parvin Asset Management LLC acquired a new stake in Rockwell Automation in the fourth quarter worth about $36,000. Flagship Wealth Advisors LLC acquired a new stake in Rockwell Automation in the fourth quarter worth about $38,000. Finally, Knuff & Co LLC increased its position in Rockwell Automation by 41.0% in the fourth quarter. Knuff & Co LLC now owns 141 shares of the industrial products company's stock worth $40,000 after purchasing an additional 41 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation Trading Down 1.3%

NYSE:ROK opened at $320.24 on Wednesday. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $328.90. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.05 and a quick ratio of 0.72. The stock has a market capitalization of $36.10 billion, a PE ratio of 40.33, a price-to-earnings-growth ratio of 3.76 and a beta of 1.38. The business's 50-day simple moving average is $283.16 and its 200-day simple moving average is $280.15.

Rockwell Automation (NYSE:ROK - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.36. The business had revenue of $2 billion for the quarter, compared to analysts' expectations of $1.97 billion. Rockwell Automation had a return on equity of 30.16% and a net margin of 11.38%. Rockwell Automation's revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.50 EPS. Sell-side analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal 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. This represents a $5.24 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Monday, August 18th. Rockwell Automation's payout ratio is 65.99%.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, SVP Matheus De A. G. Viera Bulho sold 526 shares of the company's stock in a transaction 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 sale, the senior vice president now directly owns 983 shares of the company's stock, valued at approximately $319,819.05. This represents a 34.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Matthew W. Fordenwalt sold 500 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $295.01, for a total transaction of $147,505.00. Following the sale, the senior vice president now directly owns 2,838 shares in the company, valued at $837,238.38. This trade represents a 14.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,681 shares of company stock worth $2,382,987. Corporate insiders own 0.68% of the company's stock.

Analyst Ratings Changes

ROK has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their target price on Rockwell Automation from $271.00 to $299.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Barclays upgraded Rockwell Automation from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $283.00 to $350.00 in a research report on Friday, May 30th. BNP Paribas upgraded Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 9th. KeyCorp restated an "overweight" rating and set a $360.00 target price (up from $345.00) on shares of Rockwell Automation in a research report on Friday, June 13th. Finally, Loop Capital boosted their target price on Rockwell Automation from $280.00 to $290.00 and gave the stock a "hold" rating in a research report on Thursday, May 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $317.79.

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.

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