Rockwell Automation, Inc. (NYSE:ROK) Stake Boosted by abrdn plc

abrdn plc boosted its position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 28.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 101,777 shares of the industrial products company's stock after purchasing an additional 22,757 shares during the quarter. abrdn plc owned approximately 0.09% of Rockwell Automation worth $31,600,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ROK. IFP Advisors Inc increased its holdings in shares of Rockwell Automation by 17.8% during the third quarter. IFP Advisors Inc now owns 1,255 shares of the industrial products company's stock valued at $359,000 after acquiring an additional 190 shares in the last quarter. Leavell Investment Management Inc. bought a new position in shares of Rockwell Automation during the third quarter valued at $415,000. Capital Investment Advisors LLC increased its holdings in shares of Rockwell Automation by 12.2% during the third quarter. Capital Investment Advisors LLC now owns 1,955 shares of the industrial products company's stock valued at $559,000 after acquiring an additional 213 shares in the last quarter. Integrated Investment Consultants LLC increased its holdings in shares of Rockwell Automation by 122.3% during the third quarter. Integrated Investment Consultants LLC now owns 2,074 shares of the industrial products company's stock valued at $593,000 after acquiring an additional 1,141 shares in the last quarter. Finally, Baker Chad R increased its holdings in shares of Rockwell Automation by 0.3% during the third quarter. Baker Chad R now owns 51,920 shares of the industrial products company's stock valued at $14,842,000 after acquiring an additional 170 shares in the last quarter. Institutional investors own 75.75% of the company's stock.

Insiders Place Their Bets

In other news, SVP Rebecca W. House sold 13,900 shares of the business's stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $283.02, for a total transaction of $3,933,978.00. Following the transaction, the senior vice president now owns 8,482 shares of the company's stock, valued at approximately $2,400,575.64. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, SVP Rebecca W. House sold 13,900 shares of the business's stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $283.02, for a total transaction of $3,933,978.00. Following the transaction, the senior vice president now owns 8,482 shares of the company's stock, valued at approximately $2,400,575.64. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Nicholas C. Gangestad sold 1,989 shares of the business's stock in a transaction on 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 owns 12,217 shares of the company's stock, valued at approximately $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 in the last quarter. 0.68% of the stock is currently owned by insiders.

Rockwell Automation Price Performance

ROK traded up $2.91 on Tuesday, hitting $276.38. 663,711 shares of the company's stock traded hands, compared to its average volume of 1,030,275. The company's 50 day simple moving average is $282.72 and its 200-day simple moving average is $284.05. The firm has a market cap of $31.67 billion, a price-to-earnings ratio of 26.30, a P/E/G ratio of 2.72 and a beta of 1.43. Rockwell Automation, Inc. has a one year low of $252.11 and a one year high of $348.52. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its earnings results on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by ($0.58). Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same period last year, the business posted $2.46 EPS. As a group, research analysts anticipate that Rockwell Automation, Inc. will post 11.98 EPS for the current year.

Rockwell Automation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 13th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Friday, May 10th. Rockwell Automation's payout ratio is 47.57%.

Analyst Upgrades and Downgrades

Several research firms recently commented on ROK. Wells Fargo & Company reduced their price objective on Rockwell Automation from $357.00 to $320.00 and set an "overweight" rating for the company in a report on Thursday, February 1st. Oppenheimer reduced 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. Berenberg Bank reiterated a "hold" rating and issued a $290.00 price objective (down from $330.00) on shares of Rockwell Automation in a report on Wednesday, March 6th. Mizuho reduced 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. Finally, Citigroup dropped their target price on Rockwell Automation from $330.00 to $322.00 and set a "buy" rating on the stock in a research report on Monday, April 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Rockwell Automation presently has an average rating of "Hold" and an average target price 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.