Rockwell Automation, Inc. (NYSE:ROK) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 98.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,240 shares of the industrial products company's stock after purchasing an additional 2,103 shares during the period. Quantinno Capital Management LP's holdings in Rockwell Automation were worth $1,212,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on ROK shares. KeyCorp increased their price target on Rockwell Automation from $275.00 to $330.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Citigroup raised their target price on Rockwell Automation from $283.00 to $327.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Oppenheimer raised their target price on Rockwell Automation from $258.00 to $304.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Morgan Stanley raised their target price on Rockwell Automation from $335.00 to $345.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. 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 note on Friday, May 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $310.37.

Rockwell Automation Stock Up 1.5%

NYSE:ROK opened at $306.20 on Friday. 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 $259.06 and a 200 day simple moving average of $276.10. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $310.78. The company has a market capitalization of $34.51 billion, a price-to-earnings ratio of 38.13, a price-to-earnings-growth ratio of 3.53 and a beta of 1.32.

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 (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 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 posted $2.50 earnings per share. Rockwell Automation's revenue was down 5.9% on a year-over-year basis. Sell-side analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be issued a $1.31 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $5.24 dividend on an annualized basis and a yield of 1.71%. Rockwell Automation's dividend payout ratio is currently 65.99%.

Insiders Place Their Bets

In other news, VP Terry L. Riesterer sold 2,500 shares of Rockwell Automation stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $304.13, for a total transaction of $760,325.00. Following the sale, the vice president now owns 1,033 shares of the company's stock, valued at approximately $314,166.29. The trade was a 70.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Matheus De A. G. Viera Bulho sold 293 shares of Rockwell Automation stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $257.68, for a total value of $75,500.24. Following the sale, the senior vice president now directly owns 1,922 shares in the company, valued at approximately $495,260.96. This trade represents a 13.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,839 shares of company stock valued at $2,014,256 over the last quarter. 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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