Sumitomo Mitsui Trust Group Inc. Has $256.91 Million Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Sumitomo Mitsui Trust Group Inc. lessened its position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 1.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 994,313 shares of the industrial products company's stock after selling 13,896 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.88% of Rockwell Automation worth $256,911,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp grew its holdings in shares of Rockwell Automation by 8.5% during the 1st quarter. Fifth Third Bancorp now owns 5,424 shares of the industrial products company's stock worth $1,401,000 after purchasing an additional 423 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in Rockwell Automation by 39.1% in the 4th quarter. Teacher Retirement System of Texas now owns 1,063 shares of the industrial products company's stock valued at $304,000 after buying an additional 299 shares in the last quarter. Brighton Jones LLC acquired a new stake in Rockwell Automation in the 4th quarter valued at $281,000. Schroder Investment Management Group boosted its stake in Rockwell Automation by 14.9% in the 4th quarter. Schroder Investment Management Group now owns 14,478 shares of the industrial products company's stock valued at $4,135,000 after buying an additional 1,872 shares in the last quarter. Finally, Banque Transatlantique SA acquired a new stake in Rockwell Automation in the 4th quarter valued at $8,289,000. Institutional investors and hedge funds own 75.75% of the company's stock.

Rockwell Automation Trading Up 1.2%

NYSE ROK opened at $330.03 on Friday. The stock has a 50-day simple moving average of $297.84 and a 200 day simple moving average of $281.84. The company has a market capitalization of $37.20 billion, a PE ratio of 41.57, a P/E/G ratio of 3.78 and a beta of 1.38. The company has a current ratio of 1.05, a quick ratio of 0.72 and a debt-to-equity ratio of 0.71. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $331.27.

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, topping analysts' consensus estimates of $2.09 by $0.36. The company had revenue of $2 billion for 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%. Rockwell Automation's revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.50 earnings per share. Research analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Announces Dividend

The firm also recently declared 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. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Monday, August 18th. Rockwell Automation's dividend payout ratio is currently 65.99%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ROK shares. Wells Fargo & Company boosted their price target on Rockwell Automation from $265.00 to $315.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Citigroup boosted their price target on Rockwell Automation from $327.00 to $371.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. 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 research note on Friday, May 9th. Barclays raised Rockwell Automation from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $283.00 to $350.00 in a research note on Friday, May 30th. Finally, Oppenheimer boosted their price objective on Rockwell Automation from $258.00 to $304.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $317.79.

Insider Transactions at Rockwell Automation

In related news, SVP Matheus De A. G. Viera Bulho sold 526 shares of the stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $325.35, for a total transaction of $171,134.10. Following the completion of the transaction, the senior vice president now directly owns 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Tessa M. Myers sold 363 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $326.32, for a total value of $118,454.16. Following the completion of the transaction, the senior vice president now owns 4,063 shares of the company's stock, valued at approximately $1,325,838.16. This represents a 8.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,681 shares of company stock valued at $2,382,987 over the last 90 days. 0.68% of the stock is owned by company insiders.

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.

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