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Commerce Bank Has $16.03 Million Position in Rockwell Automation, Inc. (NYSE:ROK)

Rockwell Automation logo with Computer and Technology background

Key Points

  • Commerce Bank increased its stake in Rockwell Automation, Inc. by 52.4%, owning 62,053 shares worth approximately $16.03 million as of its most recent filing.
  • Insider trading shows significant selling, with two senior vice presidents selling a total of 1,439 shares recently, leading to notable decreases in their ownership positions.
  • The company recently announced a quarterly dividend of $1.31 per share, representing an annualized yield of 1.5%.
  • Five stocks to consider instead of Rockwell Automation.

Commerce Bank lifted its stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 52.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,053 shares of the industrial products company's stock after acquiring an additional 21,343 shares during the period. Commerce Bank owned 0.05% of Rockwell Automation worth $16,033,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. 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 valued at $181,588,000 after purchasing an additional 700,447 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Rockwell Automation by 6.5% during the 4th 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 acquiring an additional 432,934 shares during the last quarter. Voya Investment Management LLC lifted its holdings in Rockwell Automation by 56.9% in the 4th quarter. Voya Investment Management LLC now owns 935,726 shares of the industrial products company's stock worth $267,421,000 after purchasing an additional 339,480 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its position in Rockwell Automation by 289.6% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 416,893 shares of the industrial products company's stock worth $119,144,000 after purchasing an additional 309,893 shares during the period. Finally, Sterling Capital Management LLC lifted its stake in shares of Rockwell Automation by 964.4% in the fourth quarter. Sterling Capital Management LLC now owns 199,952 shares of the industrial products company's stock worth $57,144,000 after buying an additional 181,166 shares during the last quarter. Institutional investors own 75.75% of the company's stock.

Rockwell Automation Trading Up 1.6%

NYSE:ROK traded up $5.66 on Monday, reaching $350.16. 949,278 shares of the company's stock were exchanged, compared to its average volume of 842,863. The company has a quick ratio of 0.72, a current ratio of 1.05 and a debt-to-equity ratio of 0.71. Rockwell Automation, Inc. has a 52-week low of $215.00 and a 52-week high of $360.92. The firm has a market capitalization of $39.47 billion, a price-to-earnings ratio of 44.10, a price-to-earnings-growth ratio of 3.52 and a beta of 1.39. The business has a fifty day moving average of $334.32 and a 200-day moving average of $292.56.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its earnings results 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 net margin of 11.38% and a return on equity of 30.16%. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the previous year, the firm posted $2.50 earnings per share. The company's revenue was down 5.9% compared to the same quarter last year. As a group, analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 18th will be paid a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, August 18th. Rockwell Automation's payout ratio is 65.99%.

Analysts Set New Price Targets

ROK has been the subject of several analyst reports. 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. JPMorgan Chase & Co. lifted their target price on shares of Rockwell Automation from $271.00 to $299.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. CICC Research assumed coverage on Rockwell Automation in a report on Monday, July 7th. They set an "outperform" rating and a $381.00 price target for the company. Citigroup reiterated a "buy" rating and issued a $392.00 target price (up previously from $371.00) on shares of Rockwell Automation in a research report on Monday, July 14th. Finally, BNP Paribas raised shares of Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $341.11.

Read Our Latest Report on Rockwell Automation

Insider Buying and Selling at Rockwell Automation

In related news, SVP Tessa M. Myers sold 363 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $326.32, for a total value of $118,454.16. Following the sale, the senior vice president directly owned 4,063 shares of the company's stock, valued at approximately $1,325,838.16. This trade represents a 8.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Matheus De A. G. Viera Bulho sold 939 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $304.24, for a total value of $285,681.36. Following the sale, the senior vice president owned 983 shares in the company, valued at approximately $299,067.92. The trade was a 48.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,757 shares of company stock worth $3,138,220. Insiders own 0.68% of the company's stock.

Rockwell Automation Profile

(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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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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