Stifel Financial Corp Has $59.12 Million Stock Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Stifel Financial Corp boosted its holdings in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 5.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 206,868 shares of the industrial products company's stock after buying an additional 9,867 shares during the period. Stifel Financial Corp owned approximately 0.18% of Rockwell Automation worth $59,124,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Virtu Financial LLC acquired a new position in shares of Rockwell Automation in the 3rd quarter worth approximately $1,348,000. Wilmington Savings Fund Society FSB bought a new position in Rockwell Automation during the third quarter worth $464,000. Tidal Investments LLC boosted its holdings in Rockwell Automation by 4.3% in the third quarter. Tidal Investments LLC now owns 8,404 shares of the industrial products company's stock worth $2,256,000 after purchasing an additional 350 shares during the period. Principal Financial Group Inc. increased its stake in Rockwell Automation by 5.8% during the third quarter. Principal Financial Group Inc. now owns 204,679 shares of the industrial products company's stock valued at $54,948,000 after purchasing an additional 11,161 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Rockwell Automation by 17.4% during the fourth quarter. GAMMA Investing LLC now owns 2,347 shares of the industrial products company's stock worth $671,000 after purchasing an additional 347 shares during the period. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Rockwell Automation Price Performance

Shares of Rockwell Automation stock traded down $2.82 during trading on Monday, hitting $245.56. The stock had a trading volume of 216,095 shares, compared to its average volume of 867,612. The business has a fifty day moving average of $257.14 and a two-hundred day moving average of $274.45. The firm has a market cap of $27.77 billion, a P/E ratio of 30.54, a PEG ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $308.70. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72.

Rockwell Automation (NYSE:ROK - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, beating 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%. On average, sell-side analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be paid a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Monday, May 19th. Rockwell Automation's dividend payout ratio is presently 65.26%.

Insider Buying and Selling

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 shares were 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 in the company, valued at approximately $495,260.96. This represents a 13.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tessa M. Myers sold 1,231 shares of Rockwell Automation stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $285.43, for a total transaction of $351,364.33. Following the transaction, the senior vice president now owns 3,650 shares in the company, valued at approximately $1,041,819.50. The trade was a 25.22 % 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 worth $1,075,923 in the last three months. 0.68% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. KeyCorp decreased their price target on shares of Rockwell Automation from $345.00 to $275.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. lowered their target price on Rockwell Automation from $248.00 to $201.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Barclays cut their price target on Rockwell Automation from $280.00 to $260.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Robert W. Baird boosted their price target on shares of Rockwell Automation from $305.00 to $315.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Finally, Morgan Stanley lifted 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. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $297.11.

Rockwell Automation Company 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.