5,500 Shares in Rockwell Automation, Inc. (NYSE:ROK) Bought by One68 Global Capital LLC

One68 Global Capital LLC bought a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,500 shares of the industrial products company's stock, valued at approximately $1,572,000. Rockwell Automation accounts for about 0.8% of One68 Global Capital LLC's investment portfolio, making the stock its 28th largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ROK. Meiji Yasuda Asset Management Co Ltd. grew its holdings in Rockwell Automation by 0.9% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,775 shares of the industrial products company's stock worth $1,079,000 after acquiring an additional 33 shares during the period. Whittier Trust Co. grew its stake in shares of Rockwell Automation by 1.9% during the 4th quarter. Whittier Trust Co. now owns 1,896 shares of the industrial products company's stock worth $542,000 after purchasing an additional 35 shares during the period. Bank Pictet & Cie Europe AG increased its holdings in shares of Rockwell Automation by 0.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company's stock valued at $1,199,000 after purchasing an additional 38 shares in the last quarter. Lake Street Advisors Group LLC lifted its stake in shares of Rockwell Automation by 3.0% in the 4th quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company's stock valued at $386,000 after purchasing an additional 39 shares during the period. Finally, Fortitude Advisory Group L.L.C. grew its position in Rockwell Automation by 3.8% during the fourth quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company's stock valued at $309,000 after buying an additional 40 shares during the period. 75.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on ROK. Robert W. Baird increased their target price on shares of Rockwell Automation from $305.00 to $315.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Citigroup reduced their target price on Rockwell Automation from $350.00 to $283.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company lifted their price target on shares of Rockwell Automation from $315.00 to $337.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. BNP Paribas raised shares of Rockwell Automation from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. Finally, KeyCorp cut their target price on shares of Rockwell Automation from $345.00 to $275.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $297.11.

Insider Activity

In other Rockwell Automation news, VP Terry L. Riesterer sold 850 shares of Rockwell Automation stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total value of $255,178.50. Following the completion of the transaction, the vice president now directly owns 1,633 shares of the company's stock, valued at $490,242.93. The trade was a 34.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Tessa M. Myers sold 1,231 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $285.43, for a total transaction of $351,364.33. Following the sale, the senior vice president now directly owns 3,650 shares in the company, valued at $1,041,819.50. This represents a 25.22 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,750 shares of company stock valued at $1,075,923. Company insiders own 0.68% of the company's stock.

Rockwell Automation Trading Up 1.7 %

Shares of ROK traded up $4.30 during midday trading on Friday, reaching $253.48. The company had a trading volume of 940,616 shares, compared to its average volume of 871,545. The firm has a 50 day simple moving average of $252.47 and a 200-day simple moving average of $273.60. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. The stock has a market cap of $28.66 billion, a PE ratio of 31.57, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $308.70.

Rockwell Automation (NYSE:ROK - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. Research analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be given a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Monday, May 19th. Rockwell Automation's dividend payout ratio is presently 65.26%.

About Rockwell Automation

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.