Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd decreased its stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 85.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,437 shares of the industrial products company's stock after selling 490,488 shares during the period. Ninety One UK Ltd owned approximately 0.07% of Rockwell Automation worth $21,300,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Citizens National Bank Trust Department bought a new position in shares of Rockwell Automation during the first quarter valued at $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Rockwell Automation in the 4th quarter valued at approximately $35,000. Parvin Asset Management LLC acquired a new position in Rockwell Automation during the 4th quarter worth approximately $36,000. Cooksen Wealth LLC acquired a new position in Rockwell Automation during the 1st quarter worth approximately $34,000. Finally, Flagship Wealth Advisors LLC acquired a new stake in shares of Rockwell Automation in the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 75.75% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Oppenheimer lifted their price objective on shares of Rockwell Automation from $258.00 to $304.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Loop Capital lifted their target price on Rockwell Automation from $280.00 to $290.00 and gave the company a "hold" rating in a research report on Thursday, May 15th. KeyCorp reiterated an "overweight" rating and issued a $360.00 target price (up from $345.00) on shares of Rockwell Automation in a report on Friday, June 13th. Barclays increased their price target on Rockwell Automation from $350.00 to $370.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, CICC Research started coverage on Rockwell Automation in a research note on Monday. They set an "outperform" rating and a $381.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $332.00.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, SVP Tessa M. Myers sold 363 shares of the business's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $326.32, for a total transaction of $118,454.16. Following the sale, the senior vice president owned 4,063 shares in the company, valued at approximately $1,325,838.16. The trade was a 8.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Matthew W. Fordenwalt sold 289 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $326.33, for a total value of $94,309.37. Following the completion of the transaction, the senior vice president directly owned 3,196 shares of the company's stock, valued at $1,042,950.68. The trade was a 8.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,388 shares of company stock worth $2,307,487 over the last quarter. Insiders own 0.68% of the company's stock.

Rockwell Automation Stock Performance

Shares of NYSE ROK traded up $2.04 during trading on Wednesday, hitting $340.19. The company had a trading volume of 574,304 shares, compared to its average volume of 864,120. The stock has a 50 day simple moving average of $311.69 and a 200 day simple moving average of $284.03. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.72 and a current ratio of 1.05. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $348.43. The firm has a market capitalization of $38.35 billion, a P/E ratio of 42.85, a price-to-earnings-growth ratio of 3.81 and a beta of 1.38.

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

Rockwell Automation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 18th will be issued a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Monday, August 18th. Rockwell Automation's payout ratio is currently 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.