GTS Securities LLC decreased its position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 77.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,295 shares of the industrial products company's stock after selling 4,570 shares during the period. GTS Securities LLC's holdings in Rockwell Automation were worth $370,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in ROK. Norges Bank purchased a new stake in shares of Rockwell Automation in the 4th quarter valued at approximately $284,177,000. Wellington Management Group LLP grew its stake in shares of Rockwell Automation by 85,513.1% in the 4th quarter. Wellington Management Group LLP now owns 675,487 shares of the industrial products company's stock valued at $193,047,000 after buying an additional 674,698 shares during the period. Alliancebernstein L.P. grew its stake in shares of Rockwell Automation by 102.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,287,731 shares of the industrial products company's stock valued at $368,021,000 after buying an additional 651,116 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Rockwell Automation by 6.5% in 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 buying an additional 432,934 shares during the period. Finally, Amundi grew its stake in shares of Rockwell Automation by 26.2% in the 4th quarter. Amundi now owns 2,073,594 shares of the industrial products company's stock valued at $580,095,000 after buying an additional 430,498 shares during the period. Hedge funds and other institutional investors own 75.75% of the company's stock.
Insider Buying and Selling at Rockwell Automation
In related news, SVP Matthew W. Fordenwalt sold 450 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $315.02, for a total value of $141,759.00. Following the transaction, the senior vice president now directly owns 2,838 shares of the company's stock, valued at $894,026.76. This trade represents a 13.69% decrease in their position. 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 the 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 directly owns 1,922 shares in the company, valued at $495,260.96. This trade represents a 13.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,182 shares of company stock valued at $1,555,841. Insiders own 0.68% of the company's stock.
Rockwell Automation Stock Up 0.1%
Shares of NYSE:ROK traded up $0.25 during trading hours on Friday, reaching $315.18. The stock had a trading volume of 1,520,895 shares, compared to its average volume of 879,189. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $318.74. The firm's 50 day moving average is $264.87 and its 200-day moving average is $277.47. 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 market capitalization of $35.53 billion, a price-to-earnings 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 announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $2.45 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the prior year, the firm posted $2.50 EPS. The company's quarterly revenue was down 5.9% compared to the same quarter last year. Research analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.
Rockwell Automation Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be given a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Monday, May 19th. Rockwell Automation's dividend payout ratio is presently 65.99%.
Analyst Ratings Changes
Several equities analysts have recently commented on the stock. KeyCorp upped their price objective on shares of Rockwell Automation from $275.00 to $330.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Robert W. Baird upped their price objective on shares of Rockwell Automation from $305.00 to $315.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Citigroup upped their price objective on shares of Rockwell Automation from $283.00 to $327.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. TD Cowen upgraded shares of Rockwell Automation from a "sell" rating to a "hold" rating and set a $275.00 price objective on the stock in a report on Friday, May 9th. Finally, Wells Fargo & Company upped their price objective on shares of Rockwell Automation from $265.00 to $315.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $313.89.
View Our Latest Analysis on ROK
About Rockwell Automation
(
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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