Two Sigma Investments LP Has $14.14 Million Stake in Rockwell Automation, Inc. (NYSE:ROK)

Two Sigma Investments LP lowered its holdings in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 56.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,462 shares of the industrial products company's stock after selling 63,769 shares during the quarter. Two Sigma Investments LP's holdings in Rockwell Automation were worth $14,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Ballentine Partners LLC increased its position in Rockwell Automation by 20.9% during the fourth quarter. Ballentine Partners LLC now owns 1,907 shares of the industrial products company's stock valued at $545,000 after acquiring an additional 330 shares during the last quarter. Atomi Financial Group Inc. increased its position in Rockwell Automation by 23.6% during the fourth quarter. Atomi Financial Group Inc. now owns 1,372 shares of the industrial products company's stock valued at $392,000 after acquiring an additional 262 shares during the last quarter. Daymark Wealth Partners LLC increased its position in Rockwell Automation by 1.6% during the fourth quarter. Daymark Wealth Partners LLC now owns 3,295 shares of the industrial products company's stock valued at $942,000 after acquiring an additional 53 shares during the last quarter. Brighton Jones LLC bought a new stake in Rockwell Automation during the fourth quarter valued at about $281,000. Finally, Impact Partnership Wealth LLC bought a new stake in Rockwell Automation during the fourth quarter valued at about $233,000. Hedge funds and other institutional investors own 75.75% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on Rockwell Automation from $265.00 to $315.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Barclays upped their price objective on Rockwell Automation from $260.00 to $283.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. Robert W. Baird upped their price objective on Rockwell Automation from $305.00 to $315.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. BNP Paribas raised Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. Finally, KeyCorp upped their price objective on Rockwell Automation from $275.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $310.37.

Insider Transactions at Rockwell Automation

In related news, SVP Matheus De A. G. Viera Bulho sold 939 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $304.24, for a total transaction of $285,681.36. Following the completion of the sale, the senior vice president now owns 983 shares of the company's stock, valued at $299,067.92. This represents a 48.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Scott Genereux sold 500 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $290.14, for a total transaction of $145,070.00. Following the transaction, the vice president now directly owns 1,905 shares of the company's stock, valued at $552,716.70. The trade was a 20.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,839 shares of company stock valued at $2,014,256. Insiders own 0.68% of the company's stock.

Rockwell Automation Trading Down 0.1%

Shares of ROK traded down $0.25 during mid-day trading on Thursday, reaching $312.14. The company had a trading volume of 205,943 shares, compared to its average volume of 874,638. The stock has a market cap of $35.18 billion, a price-to-earnings ratio of 38.81, a price-to-earnings-growth ratio of 3.53 and a beta of 1.32. The firm has a fifty day simple moving average of $263.09 and a 200-day simple moving average of $276.95. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $316.28. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72.

Rockwell Automation (NYSE:ROK - Get Free Report) last posted its earnings results on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.36. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.97 billion. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. The business's quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.50 EPS. On average, sell-side analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be given a $1.31 dividend. This represents a $5.24 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Monday, May 19th. Rockwell Automation's payout ratio is currently 65.99%.

About Rockwell Automation

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.