Rockwell Automation, Inc. (NYSE:ROK) Shares Bought by Carnegie Capital Asset Management LLC

Carnegie Capital Asset Management LLC raised its position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,551 shares of the industrial products company's stock after purchasing an additional 4,093 shares during the period. Rockwell Automation makes up approximately 0.9% of Carnegie Capital Asset Management LLC's holdings, making the stock its 22nd largest holding. Carnegie Capital Asset Management LLC owned approximately 0.07% of Rockwell Automation worth $26,562,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. KLCM Advisors Inc. grew its stake in shares of Rockwell Automation by 16.6% during the third quarter. KLCM Advisors Inc. now owns 1,136 shares of the industrial products company's stock valued at $325,000 after buying an additional 162 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Rockwell Automation by 9.4% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,728 shares of the industrial products company's stock valued at $780,000 after buying an additional 234 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Rockwell Automation by 676.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 32,156 shares of the industrial products company's stock valued at $9,984,000 after buying an additional 28,016 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in shares of Rockwell Automation by 0.9% during the third quarter. Mercer Global Advisors Inc. ADV now owns 11,423 shares of the industrial products company's stock valued at $3,266,000 after buying an additional 97 shares during the last quarter. Finally, McGuire Investment Group LLC grew its stake in shares of Rockwell Automation by 106.4% during the fourth quarter. McGuire Investment Group LLC now owns 16,455 shares of the industrial products company's stock valued at $5,109,000 after buying an additional 8,484 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company's stock.

Insider Buying and Selling

In related news, CEO Blake D. Moret bought 3,500 shares of the firm's stock in a transaction on Monday, February 12th. The stock was acquired at an average cost of $283.64 per share, for a total transaction of $992,740.00. Following the purchase, the chief executive officer now owns 77,215 shares in the company, valued at $21,901,262.60. The acquisition was disclosed in a filing with the SEC, which is available through this link. In other news, VP Brian A. Shepherd sold 637 shares of the business's stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $262.87, for a total transaction of $167,448.19. Following the completion of the sale, the vice president now owns 5,088 shares of the company's stock, valued at approximately $1,337,482.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Blake D. Moret acquired 3,500 shares of the business's stock in a transaction dated Monday, February 12th. The shares were acquired at an average cost of $283.64 per share, with a total value of $992,740.00. Following the transaction, the chief executive officer now owns 77,215 shares in the company, valued at $21,901,262.60. The disclosure for this purchase can be found here. Insiders sold a total of 17,877 shares of company stock worth $5,058,772 in the last three months. Insiders own 0.68% of the company's stock.

Rockwell Automation Stock Down 1.3 %

Shares of ROK stock traded down $3.70 during trading hours on Friday, hitting $284.82. 1,122,889 shares of the company's stock traded hands, compared to its average volume of 884,695. The stock's fifty day simple moving average is $282.22 and its two-hundred day simple moving average is $284.42. Rockwell Automation, Inc. has a 12-month low of $252.11 and a 12-month high of $348.52. The stock has a market cap of $32.64 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 2.86 and a beta of 1.43. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 0.76.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share for the quarter, missing analysts' consensus estimates of $2.62 by ($0.58). Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. The firm had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2.08 billion. During the same quarter in the previous year, the firm earned $2.46 earnings per share. On average, analysts expect that Rockwell Automation, Inc. will post 12.03 EPS for the current year.

Rockwell Automation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.76%. Rockwell Automation's payout ratio is currently 47.57%.

Analyst Ratings Changes

Several analysts recently issued reports on ROK shares. Wells Fargo & Company cut their target price on Rockwell Automation from $357.00 to $320.00 and set an "overweight" rating on the stock in a research note on Thursday, February 1st. UBS Group raised Rockwell Automation from a "neutral" rating to a "buy" rating and raised their target price for the stock from $305.00 to $360.00 in a research note on Wednesday, January 3rd. Barclays cut their target price on Rockwell Automation from $269.00 to $265.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $254.00 target price on shares of Rockwell Automation in a research note on Thursday, March 21st. Finally, Berenberg Bank reaffirmed a "hold" rating and set a $290.00 price objective (down from $330.00) on shares of Rockwell Automation in a research report on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $310.08.

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.