Lmcg Investments LLC Has $11.39 Million Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Lmcg Investments LLC lowered its position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 4.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,075 shares of the industrial products company's stock after selling 1,947 shares during the quarter. Lmcg Investments LLC's holdings in Rockwell Automation were worth $11,388,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Bank of Jackson Hole Trust acquired a new stake in Rockwell Automation during the fourth quarter valued at approximately $34,000. SBI Securities Co. Ltd. acquired a new position in shares of Rockwell Automation in the 4th quarter worth $35,000. Parvin Asset Management LLC acquired a new stake in shares of Rockwell Automation during the fourth quarter worth $36,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Rockwell Automation during the fourth quarter valued at $38,000. Finally, Knuff & Co LLC lifted its holdings in shares of Rockwell Automation by 41.0% during the fourth quarter. Knuff & Co LLC now owns 141 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 41 shares during the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Rockwell Automation news, SVP Matthew W. Fordenwalt sold 223 shares of the business's stock in a transaction dated 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 transaction, the senior vice president now directly owns 3,209 shares of the company's stock, valued at approximately $1,007,529.73. The trade was a 6.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Matheus De A. G. Viera Bulho sold 293 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $257.68, for a total value of $75,500.24. Following the transaction, 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. Over the last ninety days, insiders have sold 5,405 shares of company stock valued at $1,640,796. 0.68% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have commented on ROK. Barclays raised shares of Rockwell Automation from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $283.00 to $350.00 in a research note on Friday, May 30th. KeyCorp boosted their target price on Rockwell Automation from $275.00 to $330.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Loop Capital upped 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. Morgan Stanley lifted their price target on shares of Rockwell Automation from $335.00 to $345.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group boosted their price objective on shares of Rockwell Automation from $257.00 to $290.00 and gave the stock a "sell" rating in a research note on Tuesday, February 11th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $316.21.

Rockwell Automation Price Performance

Shares of ROK stock traded up $4.06 during mid-day trading on Friday, reaching $324.56. The company's stock had a trading volume of 750,566 shares, compared to its average volume of 876,709. The company has a market cap of $36.58 billion, a P/E ratio of 40.42, a PEG ratio of 3.53 and a beta of 1.38. The firm's 50-day moving average is $269.26 and its two-hundred day moving average is $278.37. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $325.75. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its 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 return on equity of 30.17% and a net margin of 11.38%. The business had revenue of $2 billion during the quarter, compared to analysts' expectations of $1.97 billion. During the same period in the prior year, the firm posted $2.50 EPS. Rockwell Automation's quarterly revenue was down 5.9% compared to the same quarter last year. On average, research analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be paid a dividend of $1.31 per share. The ex-dividend date is Monday, May 19th. This represents a $5.24 annualized dividend and a yield of 1.61%. Rockwell Automation's dividend payout ratio is 65.99%.

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.