Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lowered its holdings in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 19.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 247,374 shares of the industrial products company's stock after selling 59,377 shares during the quarter. Nuveen Asset Management LLC owned about 0.22% of Rockwell Automation worth $70,697,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Brookstone Capital Management increased its holdings in shares of Rockwell Automation by 7.1% during the fourth quarter. Brookstone Capital Management now owns 1,074 shares of the industrial products company's stock valued at $307,000 after acquiring an additional 71 shares in the last quarter. SeaCrest Wealth Management LLC lifted its position in Rockwell Automation by 37.5% during the fourth quarter. SeaCrest Wealth Management LLC now owns 1,301 shares of the industrial products company's stock worth $372,000 after buying an additional 355 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in Rockwell Automation by 6.6% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 1,229 shares of the industrial products company's stock worth $351,000 after purchasing an additional 76 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Rockwell Automation by 357.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 37,239 shares of the industrial products company's stock valued at $10,643,000 after purchasing an additional 29,105 shares during the period. Finally, Park Avenue Securities LLC increased its stake in Rockwell Automation by 11.0% in the 4th quarter. Park Avenue Securities LLC now owns 6,307 shares of the industrial products company's stock valued at $1,802,000 after purchasing an additional 626 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company's stock.

Rockwell Automation Price Performance

Shares of NYSE ROK traded down $6.45 during mid-day trading on Wednesday, reaching $301.64. The company had a trading volume of 713,095 shares, compared to its average volume of 875,777. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $310.78. 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 firm has a market cap of $34.00 billion, a price-to-earnings ratio of 37.56, a PEG ratio of 3.53 and a beta of 1.32. The business's 50-day simple moving average is $257.34 and its 200 day simple moving average is $275.63.

Rockwell Automation (NYSE:ROK - Get Free Report) last released its quarterly earnings results 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 return on equity of 30.17% and a net margin of 11.38%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the prior year, the company posted $2.50 EPS. Rockwell Automation's quarterly revenue was down 5.9% compared to the same quarter last year. On average, research analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors 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 annualized dividend and a dividend yield of 1.74%. Rockwell Automation's dividend payout ratio is presently 65.99%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Loop Capital boosted their price objective on Rockwell Automation from $280.00 to $290.00 and gave the stock a "hold" rating in a research report on Thursday, May 15th. Robert W. Baird boosted their price objective on Rockwell Automation from $305.00 to $315.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Citigroup increased their price objective on Rockwell Automation from $283.00 to $327.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Wells Fargo & Company lifted their price target 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. Finally, Morgan Stanley increased their price target on shares of Rockwell Automation from $335.00 to $345.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $310.37.

Insider Activity at Rockwell Automation

In other Rockwell Automation 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 transaction of $760,325.00. Following the transaction, the vice president now directly owns 1,033 shares in the company, valued at approximately $314,166.29. This represents a 70.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Matheus De A. G. Viera Bulho sold 293 shares of the 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 completion of the sale, the senior vice president now directly owns 1,922 shares of the company's stock, valued at approximately $495,260.96. The trade was a 13.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,839 shares of company stock worth $2,014,256 in the last three months. 0.68% of the stock is owned by company insiders.

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.