Rockwell Automation, Inc. (NYSE:ROK) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 4.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,228 shares of the industrial products company's stock after purchasing an additional 1,346 shares during the quarter. Nisa Investment Advisors LLC's holdings in Rockwell Automation were worth $7,552,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Rockwell Automation in the fourth quarter worth about $284,177,000. GAMMA Investing LLC raised its holdings in shares of Rockwell Automation by 29,844.4% during the 1st quarter. GAMMA Investing LLC now owns 702,794 shares of the industrial products company's stock worth $181,588,000 after acquiring an additional 700,447 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Rockwell Automation by 85,513.1% during the 4th quarter. Wellington Management Group LLP now owns 675,487 shares of the industrial products company's stock worth $193,047,000 after acquiring an additional 674,698 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Rockwell Automation by 102.3% during the 4th quarter. Alliancebernstein L.P. now owns 1,287,731 shares of the industrial products company's stock valued at $368,021,000 after acquiring an additional 651,116 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Rockwell Automation by 6.5% in 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 purchasing an additional 432,934 shares in the last quarter. Institutional investors own 75.75% of the company's stock.

Rockwell Automation Stock Up 0.1%

Shares of ROK stock traded up $0.24 during mid-day trading on Monday, hitting $343.31. The stock had a trading volume of 662,848 shares, compared to its average volume of 864,184. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $348.43. 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 firm's 50-day moving average is $317.25 and its two-hundred day moving average is $285.05. The firm has a market capitalization of $38.70 billion, a P/E ratio of 43.24, a price-to-earnings-growth ratio of 3.86 and a beta of 1.38.

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. Rockwell Automation had a return on equity of 30.16% and a net margin of 11.38%. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the previous year, the company posted $2.50 earnings per share. The firm's quarterly revenue was down 5.9% on a year-over-year basis. On average, analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share 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. Investors of record on Monday, August 18th will be paid a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Monday, August 18th. Rockwell Automation's dividend payout ratio (DPR) is 65.99%.

Insider Activity at Rockwell Automation

In other news, SVP Tessa M. Myers sold 363 shares of the business's 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 completion of the transaction, the senior vice president directly owned 4,063 shares of the company's stock, valued at approximately $1,325,838.16. The trade was a 8.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Isaac Woods sold 297 shares of the business's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $326.31, for a total transaction of $96,914.07. Following the completion of the transaction, the vice president owned 1,691 shares of the company's stock, valued at $551,790.21. This represents a 14.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,388 shares of company stock valued at $2,307,487 over the last 90 days. Insiders own 0.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ROK shares. Citigroup increased their price objective on shares of Rockwell Automation from $371.00 to $392.00 and gave the company a "buy" rating in a research report on Monday. Oppenheimer boosted their price objective on Rockwell Automation from $258.00 to $304.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Barclays raised their price objective on Rockwell Automation from $350.00 to $370.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. increased their price target on Rockwell Automation from $271.00 to $299.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Finally, Wells Fargo & Company boosted their price objective on shares of Rockwell Automation from $315.00 to $365.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. 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 assigned a strong buy rating to the stock. According to data from MarketBeat, Rockwell Automation presently has an average rating of "Moderate Buy" and a consensus price target of $333.11.

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.