Jacobs & Co. CA Buys 819 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Jacobs & Co. CA lifted its stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 2.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,315 shares of the industrial products company's stock after buying an additional 819 shares during the period. Jacobs & Co. CA's holdings in Rockwell Automation were worth $8,091,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bank of Jackson Hole Trust acquired a new stake in Rockwell Automation during the 4th quarter valued at $34,000. SBI Securities Co. Ltd. acquired a new stake in shares of Rockwell Automation in the fourth quarter valued at $35,000. Parvin Asset Management LLC acquired a new stake in shares of Rockwell Automation in the fourth quarter valued at $36,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Rockwell Automation in the fourth quarter valued at $38,000. Finally, Knuff & Co LLC increased its stake in shares of Rockwell Automation by 41.0% in the fourth quarter. Knuff & Co LLC now owns 141 shares of the industrial products company's stock valued at $40,000 after buying an additional 41 shares in the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ROK has been the subject of several research reports. Oppenheimer raised their price objective on shares of Rockwell Automation from $258.00 to $304.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Morgan Stanley raised their price target on shares of Rockwell Automation from $335.00 to $345.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Wells Fargo & Company lifted their target price on Rockwell Automation from $265.00 to $315.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. The Goldman Sachs Group lifted their target price on Rockwell Automation from $257.00 to $290.00 and gave the company a "sell" rating in a research note on Tuesday, February 11th. Finally, Citigroup lifted their price objective on Rockwell Automation from $283.00 to $327.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $313.89.

Insiders Place Their Bets

In other news, VP Terry L. Riesterer sold 2,500 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $304.13, for a total value of $760,325.00. Following the sale, the vice president now directly owns 1,033 shares of the company's stock, valued at approximately $314,166.29. This represents a 70.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Scott Genereux sold 500 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $290.14, for a total value of $145,070.00. Following the completion of the sale, the vice president now owns 1,905 shares in the company, valued at approximately $552,716.70. This trade represents a 20.79% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,182 shares of company stock valued at $1,555,841. 0.68% of the stock is currently owned by corporate insiders.

Rockwell Automation Stock Up 0.1%

Shares of Rockwell Automation stock traded up $0.25 on Friday, hitting $315.18. The company had a trading volume of 1,520,895 shares, compared to its average volume of 879,192. Rockwell Automation, Inc. has a twelve month low of $215.00 and a twelve month high of $316.22. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. The stock has a 50-day moving average of $264.87 and a 200-day moving average of $277.47. The firm has a market capitalization of $35.53 billion, a P/E ratio of 39.25, a P/E/G ratio of 3.53 and a beta of 1.32.

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 net margin of 11.38% and a return on equity of 30.17%. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the prior year, the business posted $2.50 EPS. The company's quarterly revenue was down 5.9% on a year-over-year basis. Research analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The business also recently disclosed 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. This represents a $5.24 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Monday, May 19th. Rockwell Automation's payout ratio is presently 65.99%.

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.