Lido Advisors LLC Boosts Stake in Rockwell Automation, Inc. (NYSE:ROK)

Lido Advisors LLC raised its position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 61.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,865 shares of the industrial products company's stock after acquiring an additional 1,853 shares during the quarter. Lido Advisors LLC's holdings in Rockwell Automation were worth $1,390,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ROK. Northern Trust Corp lifted its holdings in Rockwell Automation by 14.1% in the 4th quarter. Northern Trust Corp now owns 1,391,331 shares of the industrial products company's stock valued at $397,628,000 after purchasing an additional 171,604 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Rockwell Automation by 20.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 95,242 shares of the industrial products company's stock valued at $27,219,000 after buying an additional 16,090 shares during the last quarter. Bellwether Advisors LLC acquired a new stake in shares of Rockwell Automation in the fourth quarter valued at about $158,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Rockwell Automation in the fourth quarter worth about $540,000. Finally, Johnson Financial Group Inc. boosted its position in Rockwell Automation by 101.0% during the fourth quarter. Johnson Financial Group Inc. now owns 201 shares of the industrial products company's stock worth $56,000 after acquiring an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company's stock.

Rockwell Automation Trading Down 0.3 %

NYSE ROK traded down $0.88 during trading on Tuesday, hitting $252.96. The stock had a trading volume of 1,120,668 shares, compared to its average volume of 872,593. The company has a market capitalization of $28.60 billion, a PE ratio of 31.50, a PEG ratio of 3.53 and a beta of 1.32. Rockwell Automation, Inc. has a twelve month low of $215.00 and a twelve month high of $308.70. 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 firm has a 50 day moving average price of $251.80 and a 200 day moving average price of $273.46.

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

Rockwell Automation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be given a dividend of $1.31 per share. The ex-dividend date is Monday, May 19th. This represents a $5.24 annualized dividend and a dividend yield of 2.07%. Rockwell Automation's dividend payout ratio (DPR) is currently 65.26%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. KeyCorp decreased their target price on shares of Rockwell Automation from $345.00 to $275.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. BNP Paribas raised Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. Robert W. Baird raised their target price on Rockwell Automation from $305.00 to $315.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Morgan Stanley boosted their price target 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. Finally, Oppenheimer raised their price objective on shares of Rockwell Automation from $300.00 to $320.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, six have given 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, Rockwell Automation presently has a consensus rating of "Hold" and an average price target of $297.11.

Insider Activity at Rockwell Automation

In related news, SVP Matheus De A. G. Viera Bulho sold 293 shares of the company's stock in a transaction that occurred 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 transaction, the senior vice president now directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Terry L. Riesterer sold 850 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total transaction of $255,178.50. Following the sale, the vice president now directly owns 1,633 shares in the company, valued at approximately $490,242.93. The trade was a 34.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,750 shares of company stock valued at $1,075,923 over the last quarter. 0.68% of the stock is owned by insiders.

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.