Raiffeisen Bank International AG Makes New Investment in Rockwell Automation, Inc. (NYSE:ROK)

Raiffeisen Bank International AG purchased a new stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 845 shares of the industrial products company's stock, valued at approximately $241,000.

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

Insiders Place Their Bets

In other news, VP Isaac Woods sold 876 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $284.03, for a total transaction of $248,810.28. Following the completion of the sale, the vice president now owns 1,057 shares in the company, valued at approximately $300,219.71. The trade was a 45.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Matheus De A. G. Viera Bulho sold 939 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 983 shares in the company, valued at $299,067.92. This trade represents a 48.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,839 shares of company stock valued at $2,014,256 in the last ninety days. Insiders own 0.68% of the company's stock.

Rockwell Automation Stock Performance

Shares of ROK opened at $308.89 on Monday. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $310.78. The stock has a market capitalization of $34.82 billion, a PE ratio of 38.47, a PEG 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 stock has a 50-day simple moving average of $255.37 and a 200-day simple moving average of $275.13.

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 for the quarter, beating the consensus estimate of $2.09 by $0.36. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. The firm had revenue of $2 billion for the quarter, compared to analysts' expectations of $1.97 billion. During the same quarter last year, the company earned $2.50 earnings per share. The firm's revenue was down 5.9% compared to the same quarter last year. 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 declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be paid a $1.31 dividend. This represents a $5.24 dividend on an annualized basis 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%.

Wall Street Analysts Forecast Growth

ROK has been the topic of several research analyst reports. Loop Capital boosted their price objective on shares of Rockwell Automation from $280.00 to $290.00 and gave the company a "hold" rating in a report on Thursday. Barclays lifted their price target 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. Wells Fargo & Company upped their price objective on shares of Rockwell Automation from $265.00 to $315.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Oppenheimer increased 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. Finally, The Goldman Sachs Group lifted their target price on shares of Rockwell Automation from $257.00 to $290.00 and gave the company a "sell" rating in a report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $310.37.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.