Wellington Management Group LLP Sells 13,160 Shares of Rockwell Automation, Inc. $ROK

Key Points

• Wellington Management Group LLP reduced its stake in Rockwell Automation by 1.9%, selling 13,160 shares during the first quarter, leaving them with 662,327 shares valued at approximately $171.1 million.
• Rockwell Automation recently reported $2.82 EPS for the quarter, exceeding expectations, and the company's revenue increased by 4.5% year-over-year, reaching $2.14 billion.
• The company declared a quarterly dividend of $1.31, resulting in an annualized yield of 1.5%, with a payout ratio currently at 61.50%.

Wellington Management Group LLP decreased its position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 1.9% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 662,327 shares of the industrial products company's stock after selling 13,160 shares during the period. Wellington Management Group LLP owned about 0.59% of Rockwell Automation worth $171,132,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of Rockwell Automation in the fourth quarter worth $281,000. Bank Pictet & Cie Europe AG increased its stake in Rockwell Automation by 0.9% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company's stock valued at $1,199,000 after buying an additional 38 shares during the last quarter. Guggenheim Capital LLC lifted its position in Rockwell Automation by 3.5% during the 4th quarter. Guggenheim Capital LLC now owns 3,081 shares of the industrial products company's stock worth $881,000 after buying an additional 105 shares in the last quarter. Forum Financial Management LP bought a new stake in Rockwell Automation during the 4th quarter worth about $220,000. Finally, Ossiam boosted its stake in shares of Rockwell Automation by 482.1% during the 4th quarter. Ossiam now owns 1,560 shares of the industrial products company's stock worth $446,000 after buying an additional 1,292 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Rockwell Automation Stock Performance

ROK stock traded up $11.2350 during midday trading on Friday, reaching $350.7550. 663,160 shares of the company were exchanged, compared to its average volume of 1,079,796. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $360.92. The firm has a market capitalization of $39.44 billion, a price-to-earnings ratio of 41.17, a price-to-earnings-growth ratio of 3.61 and a beta of 1.39. The business has a 50-day moving average price of $341.12 and a two-hundred day moving average price of $298.64. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72.

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, topping analysts' consensus estimates of $2.67 by $0.15. The company had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.07 billion. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. Rockwell Automation's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.71 EPS. Equities research analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Announces Dividend

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

Insider Activity at Rockwell Automation

In other Rockwell Automation news, SVP Tessa M. Myers sold 363 shares of the company's stock in a transaction 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 transaction, the senior vice president directly owned 4,063 shares of the company's stock, valued at $1,325,838.16. This represents a 8.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Terry L. Riesterer sold 269 shares of the stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $355.26, for a total value of $95,564.94. Following the transaction, the vice president owned 1,613 shares in the company, valued at $573,034.38. The trade was a 14.29% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,818 shares of company stock valued at $1,944,708. Insiders own 0.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Loop Capital lifted their target price on Rockwell Automation from $280.00 to $290.00 and gave the company a "hold" rating in a research report on Thursday, May 15th. Oppenheimer cut their price objective on Rockwell Automation from $371.00 to $363.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. Bank of America raised shares of Rockwell Automation from a "neutral" rating to a "buy" rating and raised their target price for the company from $360.00 to $410.00 in a research note on Wednesday, July 16th. TD Cowen raised shares of Rockwell Automation from a "sell" rating to a "hold" rating and set a $275.00 price target on the stock in a research report on Friday, May 9th. Finally, Barclays increased their price target on shares of Rockwell Automation from $357.00 to $370.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $340.16.

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.