Price T Rowe Associates Inc. MD grew its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 6.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,115,280 shares of the industrial products company's stock after acquiring an additional 432,934 shares during the period. Price T Rowe Associates Inc. MD owned about 6.30% of Rockwell Automation worth $2,033,476,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. MCF Advisors LLC lifted its holdings in Rockwell Automation by 95.8% during the fourth quarter. MCF Advisors LLC now owns 2,332 shares of the industrial products company's stock valued at $667,000 after purchasing an additional 1,141 shares during the last quarter. Ameritas Advisory Services LLC raised its holdings in Rockwell Automation by 99.1% during the 4th quarter. Ameritas Advisory Services LLC now owns 5,187 shares of the industrial products company's stock valued at $1,482,000 after acquiring an additional 2,582 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Rockwell Automation by 5.9% in the fourth quarter. Nordea Investment Management AB now owns 462,537 shares of the industrial products company's stock worth $132,554,000 after acquiring an additional 25,882 shares during the period. Signal Advisors Wealth LLC raised its stake in shares of Rockwell Automation by 12.5% during the 4th quarter. Signal Advisors Wealth LLC now owns 946 shares of the industrial products company's stock valued at $270,000 after purchasing an additional 105 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in Rockwell Automation by 357.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 37,239 shares of the industrial products company's stock worth $10,643,000 after purchasing an additional 29,105 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently commented on ROK. Stephens upgraded shares of Rockwell Automation from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $275.00 to $350.00 in a research report on Thursday, January 16th. Barclays reduced their price target on shares of Rockwell Automation from $280.00 to $260.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. JPMorgan Chase & Co. lowered their price objective on Rockwell Automation from $248.00 to $201.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. The Goldman Sachs Group upped their target price on Rockwell Automation from $257.00 to $290.00 and gave the stock a "sell" rating in a research note on Tuesday, February 11th. Finally, Loop Capital lifted their price target on Rockwell Automation from $260.00 to $280.00 and gave the company a "hold" rating in a research report on Tuesday, February 25th. Three analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $297.11.
Check Out Our Latest Stock Analysis on ROK
Insider Transactions at Rockwell Automation
In related news, SVP Tessa M. Myers sold 1,231 shares of the stock in a transaction dated Friday, February 28th. The shares were 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 of the company's stock, valued at approximately $1,041,819.50. This represents a 25.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Matheus De A. G. Viera Bulho sold 293 shares of Rockwell Automation stock in a transaction dated Wednesday, April 2nd. The stock was 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 of the company's stock, 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. Insiders have sold 3,750 shares of company stock valued at $1,075,923 in the last three months. 0.68% of the stock is currently owned by company insiders.
Rockwell Automation Trading Down 1.1 %
Shares of ROK stock traded down $2.84 during mid-day trading on Monday, reaching $245.54. The stock had a trading volume of 225,966 shares, compared to its average volume of 933,460. The stock's 50-day moving average price is $257.14 and its two-hundred day moving average price is $274.45. The firm has a market capitalization of $27.76 billion, a PE ratio of 30.58, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. 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 52-week low of $215.00 and a 52-week high of $308.70.
Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. Equities analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.
Rockwell Automation Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be issued a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Monday, May 19th. Rockwell Automation's dividend payout ratio (DPR) is presently 65.26%.
About Rockwell Automation
(
Free Report)
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.
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