Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. cut its holdings in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 57.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 942 shares of the industrial products company's stock after selling 1,252 shares during the period. Point72 Asia Singapore Pte. Ltd.'s holdings in Rockwell Automation were worth $269,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Rockwell Automation by 0.9% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,775 shares of the industrial products company's stock valued at $1,079,000 after buying an additional 33 shares in the last quarter. Whittier Trust Co. raised its position 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 valued at $542,000 after buying an additional 35 shares in the last quarter. Bank Pictet & Cie Europe AG raised its position 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 buying an additional 38 shares in the last quarter. Lake Street Advisors Group LLC raised its position in shares of Rockwell Automation by 3.0% during 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 buying an additional 39 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. raised its position in shares of Rockwell Automation by 3.8% during the 4th 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 in the last quarter. 75.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ROK. Morgan Stanley upped their target price 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. Robert W. Baird boosted their target price on Rockwell Automation from $305.00 to $315.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Wells Fargo & Company upped their target price on Rockwell Automation from $265.00 to $315.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. raised their price target on Rockwell Automation from $271.00 to $299.00 and gave the stock a "neutral" rating in a research note on Friday. Finally, BNP Paribas raised Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 9th. One equities 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 company's stock. According to data from MarketBeat, Rockwell Automation presently has an average rating of "Moderate Buy" and an average price target of $310.37.

Insider Activity

In other news, VP Terry L. Riesterer sold 2,500 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $304.13, for a total transaction of $760,325.00. Following the completion of the sale, the vice president now owns 1,033 shares in the company, valued at approximately $314,166.29. The trade was a 70.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Matheus De A. G. Viera Bulho sold 293 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $257.68, for a total transaction of $75,500.24. Following the completion of the transaction, the senior vice president now directly owns 1,922 shares in the company, valued at $495,260.96. This trade represents a 13.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,839 shares of company stock worth $2,014,256. 0.68% of the stock is currently owned by corporate insiders.

Rockwell Automation Stock Down 0.3%

ROK traded down $0.92 on Monday, hitting $308.13. 789,587 shares of the company were exchanged, compared to its average volume of 875,285. The firm has a 50-day moving average price of $255.37 and a two-hundred day moving average price of $275.13. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a twelve month low of $215.00 and a twelve month high of $310.78. The company has a market cap of $34.73 billion, a price-to-earnings ratio of 38.37, a price-to-earnings-growth ratio of 3.53 and a beta of 1.32.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $2.45 EPS for the quarter, topping analysts' consensus estimates of $2.09 by $0.36. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the previous year, the company posted $2.50 earnings per share. The business's revenue for the quarter was down 5.9% on a year-over-year basis. On average, equities analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The company also recently disclosed 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. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Monday, May 19th. Rockwell Automation's dividend payout ratio is presently 65.99%.

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.