Mn Services Vermogensbeheer B.V. Sells 3,300 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Mn Services Vermogensbeheer B.V. decreased its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 7.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,402 shares of the industrial products company's stock after selling 3,300 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Rockwell Automation were worth $10,697,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in Rockwell Automation in the fourth quarter worth $284,177,000. GAMMA Investing LLC increased its stake in 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. Wellington Management Group LLP raised its holdings in Rockwell Automation by 85,513.1% in the fourth quarter. Wellington Management Group LLP now owns 675,487 shares of the industrial products company's stock worth $193,047,000 after buying an additional 674,698 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Rockwell Automation by 102.3% in the fourth quarter. Alliancebernstein L.P. now owns 1,287,731 shares of the industrial products company's stock worth $368,021,000 after buying an additional 651,116 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Rockwell Automation by 6.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,115,280 shares of the industrial products company's stock worth $2,033,476,000 after buying an additional 432,934 shares in the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Rockwell Automation Price Performance

Shares of ROK stock traded down $0.87 on Friday, hitting $320.93. 380,950 shares of the stock traded hands, compared to its average volume of 880,299. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.05 and a quick ratio of 0.72. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $328.90. The firm has a 50 day simple moving average of $286.57 and a two-hundred day simple moving average of $280.60. The firm has a market cap of $36.18 billion, a price-to-earnings ratio of 40.38, a PEG ratio of 3.73 and a beta of 1.38.

Rockwell Automation (NYSE:ROK - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share for the quarter, topping analysts' consensus estimates of $2.09 by $0.36. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.97 billion. Rockwell Automation had a return on equity of 30.16% and a net margin of 11.38%. The business's quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.50 earnings per share. As a group, equities 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 Wednesday, September 10th. Stockholders of record on Monday, August 18th will be given a dividend of $1.31 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.63%. Rockwell Automation's payout ratio is 65.99%.

Insider Transactions at Rockwell Automation

In related 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 sale, the senior vice president now owns 1,922 shares of the company's stock, valued at $495,260.96. This represents a 13.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Christopher Nardecchia sold 551 shares of Rockwell Automation stock in a transaction on Monday, June 9th. The stock was sold at an average price of $326.31, for a total transaction of $179,796.81. Following the completion of the transaction, the senior vice president now directly owns 12,711 shares of the company's stock, valued at $4,147,726.41. The trade was a 4.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,681 shares of company stock valued at $2,382,987. 0.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ROK has been the subject of several analyst reports. Barclays raised shares of Rockwell Automation from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $283.00 to $350.00 in a research report on Friday, May 30th. Wells Fargo & Company boosted their target price on Rockwell Automation from $265.00 to $315.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Oppenheimer raised their price target on shares of Rockwell Automation from $258.00 to $304.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. BNP Paribas raised shares of Rockwell Automation from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. Finally, 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 research report on Friday, May 9th. 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 assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $317.79.

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.