Cambiar Investors LLC Purchases 18,039 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Cambiar Investors LLC grew its holdings in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 19.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 111,216 shares of the industrial products company's stock after purchasing an additional 18,039 shares during the period. Cambiar Investors LLC owned approximately 0.10% of Rockwell Automation worth $34,530,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ROK. Nisa Investment Advisors LLC grew its position in Rockwell Automation by 3.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 26,649 shares of the industrial products company's stock worth $8,274,000 after acquiring an additional 1,000 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in Rockwell Automation by 27.0% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 420,099 shares of the industrial products company's stock worth $129,247,000 after acquiring an additional 89,207 shares during the last quarter. Stratos Wealth Partners LTD. grew its position in Rockwell Automation by 27.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 8,336 shares of the industrial products company's stock worth $2,588,000 after acquiring an additional 1,820 shares during the last quarter. Venture Visionary Partners LLC lifted its holdings in Rockwell Automation by 6.1% during the 4th quarter. Venture Visionary Partners LLC now owns 20,837 shares of the industrial products company's stock worth $6,470,000 after buying an additional 1,206 shares during the period. Finally, Prime Capital Investment Advisors LLC lifted its holdings in Rockwell Automation by 2.6% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 32,206 shares of the industrial products company's stock worth $9,999,000 after buying an additional 802 shares during the period. Institutional investors own 75.75% of the company's stock.

Insider Activity at Rockwell Automation

In other news, VP Scott Genereux sold 500 shares of the firm's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $290.00, for a total transaction of $145,000.00. Following the transaction, the vice president now directly owns 2,383 shares of the company's stock, valued at $691,070. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Scott Genereux sold 500 shares of the firm's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $290.00, for a total transaction of $145,000.00. Following the transaction, the vice president now directly owns 2,383 shares of the company's stock, valued at $691,070. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Nicholas C. Gangestad sold 1,989 shares of the firm's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $288.17, for a total value of $573,170.13. Following the transaction, the chief financial officer now directly owns 12,217 shares in the company, valued at $3,520,572.89. The disclosure for this sale can be found here. Insiders have sold a total of 17,877 shares of company stock valued at $5,058,772 over the last 90 days. 0.68% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ROK shares. Citigroup cut their target price on Rockwell Automation from $351.00 to $330.00 and set a "buy" rating on the stock in a report on Thursday, February 1st. Berenberg Bank reissued a "hold" rating and set a $290.00 price objective (down from $330.00) on shares of Rockwell Automation in a report on Wednesday, March 6th. Oppenheimer decreased their price objective on Rockwell Automation from $324.00 to $300.00 and set an "outperform" rating for the company in a report on Thursday, February 1st. UBS Group raised Rockwell Automation from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $305.00 to $360.00 in a report on Wednesday, January 3rd. Finally, Mizuho decreased their price objective on Rockwell Automation from $300.00 to $265.00 and set a "neutral" rating for the company in a report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Rockwell Automation has an average rating of "Hold" and an average price target of $308.00.

Rockwell Automation Price Performance

ROK traded up $2.91 during trading on Friday, reaching $279.24. The stock had a trading volume of 594,069 shares, compared to its average volume of 924,243. The stock has a market cap of $32.00 billion, a PE ratio of 26.57, a PEG ratio of 2.79 and a beta of 1.43. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.25. Rockwell Automation, Inc. has a one year low of $252.11 and a one year high of $348.52. The business has a 50-day moving average of $281.66 and a 200-day moving average of $284.30.

Rockwell Automation (NYSE:ROK - Get Free Report) last released its earnings results on Wednesday, January 31st. The industrial products company reported $2.04 EPS for the quarter, missing analysts' consensus estimates of $2.62 by ($0.58). The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.08 billion. Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. During the same period in the prior year, the company earned $2.46 EPS. As a group, equities research analysts anticipate that Rockwell Automation, Inc. will post 12.06 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Tuesday, February 20th were paid a $1.25 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $5.00 dividend on an annualized basis and a yield of 1.79%. Rockwell Automation's dividend payout ratio is presently 47.57%.

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.