Rhumbline Advisers grew its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 4.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 220,535 shares of the industrial products company's stock after acquiring an additional 9,681 shares during the period. Rhumbline Advisers owned 0.20% of Rockwell Automation worth $56,982,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Rockwell Automation by 0.9% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,775 shares of the industrial products company's stock worth $1,079,000 after purchasing an additional 33 shares during the last quarter. Whittier Trust Co. boosted its position in shares of Rockwell Automation by 1.9% in the fourth quarter. Whittier Trust Co. now owns 1,896 shares of the industrial products company's stock valued at $542,000 after acquiring an additional 35 shares during the period. Bank Pictet & Cie Europe AG grew its stake in shares of Rockwell Automation by 0.9% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company's stock valued at $1,199,000 after acquiring an additional 38 shares in the last quarter. Lake Street Advisors Group LLC increased its position in Rockwell Automation by 3.0% during the fourth quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company's stock worth $386,000 after acquiring an additional 39 shares during the period. Finally, Knuff & Co LLC raised its stake in Rockwell Automation by 41.0% in 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 in the last quarter. Institutional investors own 75.75% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have issued reports on ROK. JPMorgan Chase & Co. boosted their price objective on shares of Rockwell Automation from $271.00 to $299.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Robert W. Baird boosted their price target on Rockwell Automation from $305.00 to $315.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Oppenheimer increased their price target on Rockwell Automation from $258.00 to $304.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. KeyCorp raised their price objective on Rockwell Automation from $275.00 to $330.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, TD Cowen upgraded Rockwell Automation from a "sell" rating to a "hold" rating and set a $275.00 target price for the company in a research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Rockwell Automation presently has an average rating of "Moderate Buy" and a consensus target price of $316.21.
Read Our Latest Stock Analysis on ROK
Insider Buying and Selling at Rockwell Automation
In other Rockwell Automation news, VP Terry L. Riesterer sold 2,500 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $304.13, for a total value of $760,325.00. Following the transaction, the vice president now owns 1,033 shares in the company, valued at approximately $314,166.29. This represents a 70.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Matthew W. Fordenwalt sold 500 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $295.01, for a total value of $147,505.00. Following the completion of the transaction, the senior vice president now owns 2,838 shares in the company, valued at approximately $837,238.38. This represents a 14.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,405 shares of company stock valued at $1,640,796. Corporate insiders own 0.68% of the company's stock.
Rockwell Automation Trading Up 0.5%
Shares of ROK stock traded up $1.53 during mid-day trading on Thursday, reaching $320.42. 861,845 shares of the stock traded hands, compared to its average volume of 875,972. The stock's fifty day simple moving average is $268.02 and its two-hundred day simple moving average is $278.11. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $323.13. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. The company has a market cap of $36.12 billion, a price-to-earnings ratio of 39.90, a price-to-earnings-growth ratio of 3.53 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 analysts' consensus estimates of $2.09 by $0.36. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period in the previous year, the firm earned $2.50 earnings per share. The firm's quarterly revenue was down 5.9% on a year-over-year basis. On average, research analysts anticipate 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 Tuesday, June 10th. Investors of record on Monday, May 19th will be paid a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Monday, May 19th. Rockwell Automation's dividend payout ratio is presently 65.99%.
Rockwell Automation Profile
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Free Report)
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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