Ninety One UK Ltd Lowers Position in Rockwell Automation, Inc. (NYSE:ROK)

Ninety One UK Ltd lessened its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 8.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 817,390 shares of the industrial products company's stock after selling 76,130 shares during the period. Ninety One UK Ltd owned 0.71% of Rockwell Automation worth $253,783,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Valeo Financial Advisors LLC raised its position in shares of Rockwell Automation by 1.9% in the fourth quarter. Valeo Financial Advisors LLC now owns 1,915 shares of the industrial products company's stock valued at $595,000 after buying an additional 35 shares during the last quarter. Bison Wealth LLC lifted its stake in Rockwell Automation by 3.3% in the 4th quarter. Bison Wealth LLC now owns 1,168 shares of the industrial products company's stock worth $363,000 after purchasing an additional 37 shares in the last quarter. Cohen Lawrence B lifted its stake in Rockwell Automation by 0.5% in the 3rd quarter. Cohen Lawrence B now owns 8,319 shares of the industrial products company's stock worth $2,378,000 after purchasing an additional 38 shares in the last quarter. Raleigh Capital Management Inc. boosted its holdings in shares of Rockwell Automation by 24.2% during the 3rd quarter. Raleigh Capital Management Inc. now owns 195 shares of the industrial products company's stock worth $56,000 after purchasing an additional 38 shares during the last quarter. Finally, Cottage Street Advisors LLC grew its position in shares of Rockwell Automation by 3.8% in the fourth quarter. Cottage Street Advisors LLC now owns 1,038 shares of the industrial products company's stock valued at $319,000 after purchasing an additional 38 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Nicholas C. Gangestad sold 1,989 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $288.17, for a total value of $573,170.13. Following the sale, the chief financial officer now directly owns 12,217 shares in the company, valued at $3,520,572.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Nicholas C. Gangestad sold 1,989 shares of the business's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $288.17, for a total value of $573,170.13. Following the completion of the sale, the chief financial officer now directly owns 12,217 shares of the company's stock, valued at approximately $3,520,572.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Brian A. Shepherd sold 637 shares of the firm's stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $262.87, for a total value of $167,448.19. Following the transaction, the vice president now owns 5,088 shares in the company, valued at approximately $1,337,482.56. The disclosure for this sale can be found here. Insiders sold a total of 17,877 shares of company stock worth $5,058,772 over the last 90 days. Corporate insiders own 0.68% of the company's stock.

Rockwell Automation Trading Down 1.8 %

Shares of NYSE ROK traded down $5.15 during trading on Thursday, reaching $273.50. The stock had a trading volume of 1,124,538 shares, compared to its average volume of 1,034,839. The business's 50-day moving average price is $283.24 and its 200-day moving average price is $284.34. Rockwell Automation, Inc. has a fifty-two week low of $252.11 and a fifty-two week high of $348.52. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.25. The company has a market cap of $31.34 billion, a P/E ratio of 26.02, a PEG ratio of 2.83 and a beta of 1.43.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share (EPS) 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 business had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2.08 billion. During the same quarter last year, the company earned $2.46 earnings per share. On average, equities research analysts predict that Rockwell Automation, Inc. will post 12.03 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 13th will be given a $1.25 dividend. The ex-dividend date is Friday, May 10th. This represents a $5.00 annualized dividend and a yield of 1.83%. Rockwell Automation's dividend payout ratio is presently 47.57%.

Wall Street Analyst Weigh In

Several analysts have issued reports on ROK shares. Oppenheimer dropped their target price on Rockwell Automation from $324.00 to $300.00 and set an "outperform" rating for the company in a report on Thursday, February 1st. Wells Fargo & Company dropped their price objective on shares of Rockwell Automation from $357.00 to $320.00 and set an "overweight" rating for the company in a report on Thursday, February 1st. UBS Group raised shares of Rockwell Automation from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $305.00 to $360.00 in a research note on Wednesday, January 3rd. Mizuho dropped their price target on shares of Rockwell Automation from $300.00 to $265.00 and set a "neutral" rating for the company in a research note on Thursday, February 1st. Finally, Citigroup lowered their price objective on Rockwell Automation from $330.00 to $322.00 and set a "buy" rating for the company in a research report on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average 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.