OMERS ADMINISTRATION Corp Has $1.36 Million Stake in Rockwell Automation, Inc. (NYSE:ROK)

OMERS ADMINISTRATION Corp trimmed its position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 18.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,768 shares of the industrial products company's stock after selling 1,095 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Rockwell Automation were worth $1,363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Rockwell Automation in the fourth quarter valued at approximately $284,177,000. Wellington Management Group LLP raised its holdings in shares of Rockwell Automation by 85,513.1% during the 4th quarter. Wellington Management Group LLP now owns 675,487 shares of the industrial products company's stock valued at $193,047,000 after purchasing an additional 674,698 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Rockwell Automation by 102.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,287,731 shares of the industrial products company's stock valued at $368,021,000 after purchasing an additional 651,116 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Rockwell Automation by 6.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,115,280 shares of the industrial products company's stock worth $2,033,476,000 after purchasing an additional 432,934 shares in the last quarter. Finally, Amundi boosted its holdings in Rockwell Automation by 26.2% in the fourth quarter. Amundi now owns 2,073,594 shares of the industrial products company's stock worth $580,095,000 after purchasing an additional 430,498 shares in the last quarter. Institutional investors own 75.75% of the company's stock.

Rockwell Automation Price Performance

Shares of Rockwell Automation stock traded up $3.84 during trading on Thursday, hitting $305.61. 329,213 shares of the company's stock traded hands, compared to its average volume of 874,395. The company has a market cap of $34.45 billion, a PE ratio of 38.09, a PEG ratio of 3.53 and a beta of 1.32. The firm's fifty day moving average price is $258.18 and its 200 day moving average price is $275.81. Rockwell Automation, Inc. has a twelve month low of $215.00 and a twelve 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 released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share for the quarter, beating analysts' consensus estimates of $2.09 by $0.36. The company had revenue of $2 billion for 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 company's quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.50 earnings per share. Analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be issued 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 1.71%. Rockwell Automation's payout ratio is presently 65.99%.

Insider Activity

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

Wall Street Analyst Weigh In

ROK has been the topic of several recent research reports. Loop Capital raised their target price on Rockwell Automation from $280.00 to $290.00 and gave the company a "hold" rating in a report on Thursday, May 15th. Morgan Stanley increased their price objective on Rockwell Automation from $335.00 to $345.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Wells Fargo & Company boosted their target price on Rockwell Automation from $265.00 to $315.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. TD Cowen raised Rockwell Automation from a "sell" rating to a "hold" rating and set a $275.00 target price for the company in a research report on Friday, May 9th. Finally, BNP Paribas raised shares of Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Rockwell Automation has an average rating of "Moderate Buy" and an average price target of $310.37.

Rockwell Automation Company 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.