Allstate Corp Increases Stock Holdings in Rockwell Automation, Inc. $ROK

Key Points

• Allstate Corp has increased its position in Rockwell Automation by 28.4%, owning 4,394 shares valued at approximately $1.135 million after purchasing an additional 973 shares in the first quarter.
• Insider activity includes significant sales, with VP Terry L. Riesterer selling 2,100 shares, representing a 67.03% decrease in ownership, and a total of 5,818 shares sold by insiders over the last 90 days.
• Rockwell Automation plans to pay a quarterly dividend of $1.31 per share on September 10th, resulting in an annualized dividend of $5.24 and a yield of 1.5%.

Allstate Corp increased its holdings in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 28.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,394 shares of the industrial products company's stock after purchasing an additional 973 shares during the period. Allstate Corp's holdings in Rockwell Automation were worth $1,135,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ROK. Goldman Sachs Group Inc. lifted its position in shares of Rockwell Automation by 11.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,819,379 shares of the industrial products company's stock worth $470,091,000 after purchasing an additional 191,370 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Rockwell Automation by 0.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,579,956 shares of the industrial products company's stock worth $408,229,000 after purchasing an additional 9,920 shares during the last quarter. Invesco Ltd. lifted its position in shares of Rockwell Automation by 2.2% during the first quarter. Invesco Ltd. now owns 1,448,160 shares of the industrial products company's stock worth $374,176,000 after purchasing an additional 30,837 shares during the last quarter. Northern Trust Corp lifted its position in shares of Rockwell Automation by 0.4% during the first quarter. Northern Trust Corp now owns 1,396,303 shares of the industrial products company's stock worth $360,777,000 after purchasing an additional 4,972 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Rockwell Automation by 2.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,158,161 shares of the industrial products company's stock worth $330,991,000 after purchasing an additional 29,350 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors.

Rockwell Automation Stock Down 1.1%

ROK traded down $3.90 on Friday, hitting $345.24. The company had a trading volume of 210,109 shares, compared to its average volume of 940,500. The stock has a fifty day moving average price of $343.49 and a 200-day moving average price of $300.49. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $360.92. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.06. The stock has a market capitalization of $38.82 billion, a price-to-earnings ratio of 40.49, a P/E/G ratio of 3.59 and a beta of 1.39.

Rockwell Automation (NYSE:ROK - Get Free Report) last posted its earnings results on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.67 by $0.15. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the previous year, the firm earned $2.71 earnings per share. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. Analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 18th will be given a $1.31 dividend. The ex-dividend date is Monday, August 18th. This represents a $5.24 dividend on an annualized basis and a yield of 1.5%. Rockwell Automation's dividend payout ratio is currently 61.50%.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, SVP Matheus De A. G. Viera Bulho sold 526 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $325.35, for a total value of $171,134.10. Following the sale, the senior vice president owned 983 shares in the company, valued at approximately $319,819.05. This represents a 34.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Tessa M. Myers sold 363 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $326.32, for a total value of $118,454.16. Following the completion of the sale, the senior vice president owned 4,063 shares in the company, valued at approximately $1,325,838.16. This represents a 8.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,368 shares of company stock valued at $2,871,129 over the last quarter. Company insiders own 0.68% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ROK shares. CICC Research started coverage on Rockwell Automation in a research note on Monday, July 7th. They set an "outperform" rating and a $381.00 price target on the stock. KeyCorp raised their price target on Rockwell Automation from $370.00 to $380.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. raised their price target on Rockwell Automation from $271.00 to $299.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Wall Street Zen upgraded Rockwell Automation from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, TD Cowen upgraded Rockwell Automation from a "sell" rating to a "hold" rating and set a $275.00 price target on the stock in a research note on Friday, May 9th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $340.16.

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.