Point72 Asset Management L.P. Trims Position in Rockwell Automation, Inc. (NYSE:ROK)

Point72 Asset Management L.P. lessened its stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 46.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,906 shares of the industrial products company's stock after selling 15,278 shares during the period. Point72 Asset Management L.P.'s holdings in Rockwell Automation were worth $5,117,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. ProShare Advisors LLC increased its stake in Rockwell Automation by 13.5% in the 4th quarter. ProShare Advisors LLC now owns 16,546 shares of the industrial products company's stock worth $4,729,000 after buying an additional 1,973 shares during the period. Quantinno Capital Management LP increased its stake in Rockwell Automation by 98.4% in the 4th quarter. Quantinno Capital Management LP now owns 4,240 shares of the industrial products company's stock worth $1,212,000 after buying an additional 2,103 shares during the period. Pathstone Holdings LLC increased its stake in Rockwell Automation by 0.5% in the 4th quarter. Pathstone Holdings LLC now owns 24,401 shares of the industrial products company's stock worth $6,974,000 after buying an additional 125 shares during the period. Paradoxiom Capital L.P. purchased a new position in Rockwell Automation in the 4th quarter worth about $7,173,000. Finally, Mufg Securities Americas Inc. purchased a new position in Rockwell Automation in the 4th quarter worth about $476,000. Hedge funds and other institutional investors own 75.75% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on ROK shares. Oppenheimer raised their price target on shares of Rockwell Automation from $258.00 to $304.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Loop Capital raised 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. raised their target price on shares of Rockwell Automation from $271.00 to $299.00 and gave the company a "neutral" rating in a research report on Friday. Barclays raised their target price on shares of Rockwell Automation from $260.00 to $283.00 and gave the company an "equal weight" rating in a research report on Thursday, May 8th. Finally, Wells Fargo & Company raised their target price on shares of Rockwell Automation from $265.00 to $315.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $310.37.

Rockwell Automation Stock Down 0.3%

NYSE:ROK opened at $308.13 on Tuesday. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $310.78. The stock has a market capitalization of $34.73 billion, a P/E ratio of 38.37, a P/E/G ratio of 3.53 and a beta of 1.32. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. The company's 50-day simple moving average is $256.30 and its 200-day simple moving average is $275.41.

Rockwell Automation (NYSE:ROK - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share 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 30.17%. The company's revenue was down 5.9% compared to the same quarter last year. During the same period last year, the business earned $2.50 EPS. On average, equities analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be given a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Monday, May 19th. Rockwell Automation's dividend payout ratio is presently 65.99%.

Insiders Place Their Bets

In other Rockwell Automation news, SVP Matheus De A. G. Viera Bulho sold 939 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $304.24, for a total transaction of $285,681.36. Following the sale, the senior vice president now owns 983 shares of the company's stock, valued at approximately $299,067.92. The trade was a 48.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Tessa M. Myers sold 1,231 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $285.43, for a total transaction of $351,364.33. Following the sale, the senior vice president now directly owns 3,650 shares in the company, valued at approximately $1,041,819.50. This represents a 25.22% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,839 shares of company stock valued at $2,014,256. 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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