Rockwell Automation, Inc. (NYSE:ROK) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank increased its position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 28.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,382 shares of the industrial products company's stock after acquiring an additional 11,269 shares during the period. Toronto Dominion Bank's holdings in Rockwell Automation were worth $14,398,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ROK. Merit Financial Group LLC boosted its stake in shares of Rockwell Automation by 51.6% in the fourth quarter. Merit Financial Group LLC now owns 2,752 shares of the industrial products company's stock valued at $787,000 after purchasing an additional 937 shares during the period. HB Wealth Management LLC lifted its holdings in Rockwell Automation by 9.8% during the 4th quarter. HB Wealth Management LLC now owns 4,428 shares of the industrial products company's stock worth $1,265,000 after buying an additional 394 shares in the last quarter. Ameritas Advisory Services LLC boosted its position in Rockwell Automation by 99.1% in the 4th quarter. Ameritas Advisory Services LLC now owns 5,187 shares of the industrial products company's stock valued at $1,482,000 after buying an additional 2,582 shares during the period. Hall Laurie J Trustee boosted its position in Rockwell Automation by 0.5% in the 4th quarter. Hall Laurie J Trustee now owns 17,780 shares of the industrial products company's stock valued at $5,082,000 after buying an additional 95 shares during the period. Finally, Strong Tower Advisory Services grew its stake in shares of Rockwell Automation by 6.6% in the fourth quarter. Strong Tower Advisory Services now owns 1,981 shares of the industrial products company's stock worth $566,000 after acquiring an additional 122 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Rockwell Automation Stock Down 0.3%

Rockwell Automation stock opened at $308.13 on Tuesday. The company has a market capitalization of $34.73 billion, a P/E ratio of 38.37, 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. 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 50-day simple moving average of $256.30 and a 200-day simple moving average of $275.41.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $2 billion during the quarter, compared to analysts' expectations of $1.97 billion. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. The firm's revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.50 earnings per share. Equities research analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be issued a $1.31 dividend. The ex-dividend date is Monday, May 19th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.70%. Rockwell Automation's payout ratio is 65.99%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ROK shares. KeyCorp lifted their target price on Rockwell Automation from $275.00 to $330.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Oppenheimer increased their price target on Rockwell Automation from $258.00 to $304.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Citigroup lifted their price objective on Rockwell Automation from $283.00 to $327.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. 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 report on Thursday, May 8th. Finally, Loop Capital lifted their price target on shares of Rockwell Automation from $280.00 to $290.00 and gave the stock a "hold" rating in a research note on Thursday, May 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $310.37.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, SVP Matheus De A. G. Viera Bulho sold 293 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $257.68, for a total transaction of $75,500.24. Following the completion of the transaction, the senior vice president now owns 1,922 shares in the company, valued at approximately $495,260.96. This represents a 13.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Isaac Woods sold 876 shares of the firm's stock in a transaction on Friday, February 28th. The stock was 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 of the company's stock, valued at $300,219.71. This trade represents a 45.32% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,839 shares of company stock worth $2,014,256. Company 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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