Rockwell Automation, Inc. $ROK Shares Sold by Amundi

Key Points

• Amundi has reduced its stake in Rockwell Automation by 25.3%, now owning approximately 1.55 million shares worth around $371.8 million.
• Rockwell Automation's recent earnings report showed an EPS of $2.82, surpassing estimates, with a revenue of $2.14 billion, representing a 4.5% increase year-over-year.
• The company declared a quarterly dividend of $1.31 per share, yielding around 1.5%, with a payout ratio of 61.5%.

Amundi reduced its stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 25.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,549,415 shares of the industrial products company's stock after selling 524,179 shares during the quarter. Amundi owned about 1.37% of Rockwell Automation worth $371,811,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ROK. Bank Pictet & Cie Europe AG lifted its holdings in Rockwell Automation by 0.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company's stock worth $1,199,000 after buying an additional 38 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Rockwell Automation by 0.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,652 shares of the industrial products company's stock worth $1,462,000 after buying an additional 43 shares during the last quarter. Wealthfront Advisers LLC lifted its holdings in Rockwell Automation by 0.6% during the 1st quarter. Wealthfront Advisers LLC now owns 7,708 shares of the industrial products company's stock worth $1,992,000 after buying an additional 43 shares during the last quarter. Kelly Financial Services LLC lifted its holdings in shares of Rockwell Automation by 4.4% in the 1st quarter. Kelly Financial Services LLC now owns 1,096 shares of the industrial products company's stock worth $283,000 after purchasing an additional 46 shares during the last quarter. Finally, Koshinski Asset Management Inc. lifted its holdings in shares of Rockwell Automation by 1.1% in the 1st quarter. Koshinski Asset Management Inc. now owns 4,097 shares of the industrial products company's stock worth $1,059,000 after purchasing an additional 46 shares during the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Rockwell Automation

In other news, VP Isaac Woods sold 365 shares of Rockwell Automation stock in a transaction on Friday, August 29th. The stock was sold at an average price of $348.44, for a total transaction of $127,180.60. Following the transaction, the vice president directly owned 1,691 shares in the company, valued at approximately $589,212.04. This trade represents a 17.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Matheus De A. G. Viera Bulho sold 526 shares of Rockwell Automation stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $325.35, for a total value of $171,134.10. Following the transaction, the senior vice president owned 983 shares in the company, valued at approximately $319,819.05. This trade represents a 34.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,445 shares of company stock worth $3,267,779 over the last quarter. Insiders own 0.68% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on ROK. CICC Research began coverage on Rockwell Automation in a report on Monday, July 7th. They issued an "outperform" rating and a $381.00 price target on the stock. Bank of America raised Rockwell Automation from a "neutral" rating to a "buy" rating and raised their price target for the stock from $360.00 to $410.00 in a report on Wednesday, July 16th. Oppenheimer cut their price target on Rockwell Automation from $371.00 to $363.00 and set an "outperform" rating on the stock in a report on Thursday, August 7th. TD Cowen raised Rockwell Automation from a "sell" rating to a "hold" rating and set a $275.00 price target on the stock in a report on Friday, May 9th. Finally, Barclays raised their price target on Rockwell Automation from $357.00 to $370.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $340.16.

Rockwell Automation Stock Performance

ROK traded down $2.61 during trading hours on Friday, hitting $339.26. The company's stock had a trading volume of 539,564 shares, compared to its average volume of 831,771. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $360.92. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $38.14 billion, a PE ratio of 39.82, a PEG ratio of 3.50 and a beta of 1.41. The company has a 50-day simple moving average of $345.38 and a 200 day simple moving average of $302.21.

Rockwell Automation (NYSE:ROK - Get Free Report) last posted its earnings results on Wednesday, August 6th. The industrial products company reported $2.82 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 firm had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.07 billion. During the same period last year, the firm earned $2.71 EPS. The firm's revenue was up 4.5% compared to the same quarter last year. As a group, sell-side analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Dividend Announcement

The firm 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. This represents a $5.24 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, August 18th. Rockwell Automation's dividend payout ratio (DPR) is currently 61.50%.

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.