IFM Investors Pty Ltd boosted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 10.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,646 shares of the industrial products company's stock after buying an additional 2,186 shares during the period. IFM Investors Pty Ltd's holdings in Rockwell Automation were worth $6,080,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Rockwell Automation by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 13,876,530 shares of the industrial products company's stock worth $3,965,774,000 after purchasing an additional 81,079 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position 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 buying an additional 432,934 shares during the last quarter. Geode Capital Management LLC lifted its position 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 buying an additional 51,228 shares during the last quarter. Amundi lifted its position in shares of Rockwell Automation by 26.2% during the fourth quarter. Amundi now owns 2,073,594 shares of the industrial products company's stock valued at $580,095,000 after buying an additional 430,498 shares during the last quarter. Finally, Invesco Ltd. lifted its position 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 buying an additional 53,287 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company's stock.
Rockwell Automation Stock Performance
Shares of NYSE:ROK traded up $4.19 during midday trading on Friday, reaching $346.93. The company's stock had a trading volume of 626,807 shares, compared to its average volume of 860,800. The firm has a market capitalization of $39.10 billion, a PE ratio of 43.69, a P/E/G ratio of 3.90 and a beta of 1.38. Rockwell Automation, Inc. has a twelve month low of $215.00 and a twelve month high of $348.43. The stock has a fifty day moving average of $308.03 and a 200 day moving average of $283.33. 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 (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 for the quarter, topping the consensus estimate of $2.09 by $0.36. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.97 billion. Rockwell Automation had a return on equity of 30.16% and a net margin of 11.38%. The firm's revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period last year, the firm earned $2.50 EPS. On average, equities analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.
Rockwell Automation Dividend Announcement
The firm also recently disclosed 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. This represents a $5.24 annualized dividend and a yield of 1.51%. The ex-dividend date is Monday, August 18th. Rockwell Automation's payout ratio is currently 65.99%.
Analyst Ratings Changes
A number of research firms recently commented on ROK. Loop Capital increased their target price 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. JPMorgan Chase & Co. increased their price objective on Rockwell Automation from $271.00 to $299.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Citigroup increased their price objective on Rockwell Automation from $327.00 to $371.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Oppenheimer increased their price target on Rockwell Automation from $258.00 to $304.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Finally, KeyCorp reiterated an "overweight" rating and issued a $360.00 price target (up from $345.00) on shares of Rockwell Automation in a research note on Friday, June 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $324.37.
Read Our Latest Research Report on ROK
Insiders Place Their Bets
In related news, VP Isaac Woods sold 297 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $326.31, for a total value of $96,914.07. Following the completion of the transaction, the vice president directly owned 1,691 shares in the company, valued at approximately $551,790.21. This represents a 14.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Tessa M. Myers sold 363 shares of the 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 transaction, the senior vice president owned 4,063 shares of the company's stock, valued at approximately $1,325,838.16. This represents a 8.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,388 shares of company stock valued at $2,307,487. 0.68% of the stock is owned by company insiders.
Rockwell Automation Profile
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Free Report)
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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