Mirae Asset Global Investments Co. Ltd. Has $41.22 Million Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

Mirae Asset Global Investments Co. Ltd. boosted its position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 1,287.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 159,481 shares of the industrial products company's stock after purchasing an additional 147,985 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.14% of Rockwell Automation worth $41,221,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Rockwell Automation by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 13,876,530 shares of the industrial products company's stock valued at $3,965,774,000 after acquiring an additional 81,079 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Rockwell Automation by 6.5% in the 4th 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 acquiring an additional 432,934 shares during the period. Geode Capital Management LLC raised its holdings in Rockwell Automation by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 2,734,430 shares of the industrial products company's stock valued at $779,426,000 after acquiring an additional 51,228 shares during the period. Amundi raised its holdings in Rockwell Automation by 26.2% in the 4th quarter. Amundi now owns 2,073,594 shares of the industrial products company's stock valued at $580,095,000 after acquiring an additional 430,498 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Rockwell Automation by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,570,036 shares of the industrial products company's stock valued at $448,701,000 after acquiring an additional 13,744 shares during the period. 75.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on ROK. 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 report on Thursday, May 15th. Citigroup increased their price target on shares of Rockwell Automation from $327.00 to $371.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. TD Cowen raised shares of Rockwell Automation from a "sell" rating to a "hold" rating and set a $275.00 target price on the stock in a report on Friday, May 9th. BNP Paribas raised shares of Rockwell Automation from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. Finally, Barclays raised shares of Rockwell Automation from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $283.00 to $350.00 in a report on Friday, May 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $317.79.

Rockwell Automation Stock Performance

Shares of NYSE:ROK opened at $330.03 on Friday. The company's 50 day simple moving average is $297.84 and its 200 day simple moving average is $281.74. The stock has a market capitalization of $37.20 billion, a price-to-earnings ratio of 41.57, a price-to-earnings-growth ratio of 3.83 and a beta of 1.38. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.05 and a quick ratio of 0.72. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $331.27.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 11.38% and a return on equity of 30.16%. The firm's quarterly revenue was down 5.9% compared to the same quarter last year. During the same period last year, the firm posted $2.50 earnings per share. As a group, research analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal 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 given a $1.31 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $5.24 dividend on an annualized basis and a yield of 1.59%. Rockwell Automation's dividend payout ratio is currently 65.99%.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, SVP Matheus De A. G. Viera Bulho sold 293 shares of the firm's stock in a transaction that occurred 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 sale, the senior vice president now owns 1,922 shares in the company, valued at $495,260.96. This trade represents a 13.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Terry L. Riesterer sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $304.13, for a total transaction of $760,325.00. Following the completion of the sale, the vice president now owns 1,033 shares in the company, valued at $314,166.29. This represents a 70.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,681 shares of company stock worth $2,382,987 over the last quarter. Corporate insiders own 0.68% of the company's stock.

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.

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