1,667 Shares in Rockwell Automation, Inc. (NYSE:ROK) Bought by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. acquired a new stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,667 shares of the industrial products company's stock, valued at approximately $476,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Bank of Jackson Hole Trust bought a new stake in Rockwell Automation during the 4th quarter valued at $34,000. SBI Securities Co. Ltd. bought a new stake in shares of Rockwell Automation during the 4th quarter valued at $35,000. Parvin Asset Management LLC purchased a new stake in Rockwell Automation during the 4th quarter worth about $36,000. Flagship Wealth Advisors LLC bought a new position in Rockwell Automation in the 4th quarter worth about $38,000. Finally, Knuff & Co LLC grew its holdings in Rockwell Automation by 41.0% during the 4th quarter. Knuff & Co LLC now owns 141 shares of the industrial products company's stock valued at $40,000 after buying an additional 41 shares in the last quarter. 75.75% of the stock is owned by institutional investors.

Rockwell Automation Stock Performance

Shares of NYSE:ROK traded down $0.92 during midday trading on Monday, hitting $308.13. The company had a trading volume of 789,587 shares, compared to its average volume of 875,285. The company has a fifty day moving average of $255.37 and a two-hundred day moving average of $275.13. The company has a market cap of $34.73 billion, a price-to-earnings ratio of 38.37, a PEG ratio of 3.53 and a beta of 1.32. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $310.78. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72.

Rockwell Automation (NYSE:ROK - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.36. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.97 billion. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. The firm's revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.50 EPS. On average, equities research analysts expect 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 Tuesday, June 10th. Stockholders of record on Monday, May 19th will be given a dividend of $1.31 per share. The ex-dividend date is Monday, May 19th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.70%. Rockwell Automation's dividend payout ratio is currently 65.99%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on Rockwell Automation from $257.00 to $290.00 and gave the stock a "sell" rating in a research report on Tuesday, February 11th. Robert W. Baird increased their target price on Rockwell Automation from $305.00 to $315.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. lifted their price target on Rockwell Automation from $271.00 to $299.00 and gave the stock a "neutral" rating in a research note on Friday. Citigroup increased their price objective on Rockwell Automation from $283.00 to $327.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, BNP Paribas upgraded Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $310.37.

Insider Buying and Selling

In other Rockwell Automation news, SVP Tessa M. Myers sold 1,231 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $285.43, for a total value of $351,364.33. Following the sale, the senior vice president now owns 3,650 shares in the company, valued at $1,041,819.50. This trade represents a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Isaac Woods sold 876 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $284.03, for a total transaction of $248,810.28. Following the sale, the vice president now directly owns 1,057 shares of the company's stock, valued at $300,219.71. This represents a 45.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,839 shares of company stock worth $2,014,256. Insiders own 0.68% of the company's stock.

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.