Paradoxiom Capital L.P. Buys New Position in Rockwell Automation, Inc. (NYSE:ROK)

Paradoxiom Capital L.P. bought a new position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 25,098 shares of the industrial products company's stock, valued at approximately $7,173,000. Rockwell Automation makes up about 3.0% of Paradoxiom Capital L.P.'s portfolio, making the stock its 18th largest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Mufg Securities Americas Inc. bought a new position in shares of Rockwell Automation during the 4th quarter worth approximately $476,000. Nia Impact Advisors LLC lifted its stake in shares of Rockwell Automation by 0.7% during the 4th quarter. Nia Impact Advisors LLC now owns 8,590 shares of the industrial products company's stock valued at $2,455,000 after buying an additional 60 shares in the last quarter. NorthRock Partners LLC bought a new stake in Rockwell Automation during the 4th quarter valued at $276,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Rockwell Automation during the 4th quarter valued at $6,859,000. Finally, Morse Asset Management Inc bought a new stake in Rockwell Automation during the 4th quarter valued at $879,000. 75.75% of the stock is owned by institutional investors.

Rockwell Automation Stock Up 0.3%

Shares of NYSE:ROK traded up $0.90 on Monday, hitting $308.64. 302,592 shares of the company traded hands, compared to its average volume of 873,440. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $310.78. The company has a market cap of $34.79 billion, a PE ratio of 38.43, a PEG ratio of 3.53 and a beta of 1.32. The stock has a 50 day simple moving average of $255.37 and a 200-day simple moving average of $275.13.

Rockwell Automation (NYSE:ROK - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.09 by $0.36. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. The company had revenue of $2 billion for the quarter, compared to analysts' expectations of $1.97 billion. During the same period last year, the firm posted $2.50 earnings per share. Rockwell Automation's revenue was down 5.9% compared to the same quarter last year. As a group, research analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be given a $1.31 dividend. The ex-dividend date is Monday, May 19th. This represents a $5.24 annualized dividend and a yield of 1.70%. Rockwell Automation's payout ratio is 65.99%.

Analysts Set New Price Targets

Several research firms have recently weighed in on ROK. Morgan Stanley raised their price objective on shares of Rockwell Automation from $335.00 to $345.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. BNP Paribas upgraded shares of Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 9th. Citigroup lifted their target price on shares of Rockwell Automation from $283.00 to $327.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. lifted their target price on shares of Rockwell Automation from $271.00 to $299.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, Oppenheimer lifted their target price on shares of Rockwell Automation from $258.00 to $304.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $310.37.

Insiders Place Their Bets

In other Rockwell Automation news, VP Isaac Woods sold 876 shares of the company's stock in a transaction 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 owns 1,057 shares of the company's stock, valued at $300,219.71. This represents a 45.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Matheus De A. G. Viera Bulho sold 293 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $257.68, for a total value of $75,500.24. Following the completion of the sale, the senior vice president now owns 1,922 shares of the company's stock, valued at $495,260.96. This represents a 13.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,839 shares of company stock valued at $2,014,256. Insiders own 0.68% of the company's stock.

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.