MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $238.53 Million Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 834,622 shares of the industrial products company's stock after purchasing an additional 34,098 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.74% of Rockwell Automation worth $238,525,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ROK. Laurion Capital Management LP purchased a new position in Rockwell Automation during the 4th quarter worth approximately $546,000. Lighthouse Investment Partners LLC purchased a new position in shares of Rockwell Automation during the fourth quarter worth approximately $1,572,000. Janus Henderson Group PLC increased its holdings in shares of Rockwell Automation by 74.9% in the 4th quarter. Janus Henderson Group PLC now owns 25,566 shares of the industrial products company's stock valued at $7,310,000 after acquiring an additional 10,947 shares during the period. Group One Trading LLC acquired a new position in shares of Rockwell Automation in the 4th quarter valued at $86,000. Finally, Eisler Capital Management Ltd. purchased a new stake in Rockwell Automation in the 4th quarter valued at $17,014,000. Hedge funds and other institutional investors own 75.75% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ROK. Oppenheimer increased their target price on shares of Rockwell Automation from $258.00 to $304.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Loop Capital increased their price objective on Rockwell Automation from $280.00 to $290.00 and gave the stock a "hold" rating in a research report on Thursday. Barclays lifted their target price on Rockwell Automation from $260.00 to $283.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. The Goldman Sachs Group boosted their target price on Rockwell Automation from $257.00 to $290.00 and gave the company a "sell" rating in a report on Tuesday, February 11th. Finally, Stephens raised Rockwell Automation from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $275.00 to $350.00 in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $308.89.

Rockwell Automation Stock Performance

Shares of NYSE ROK traded up $0.15 during mid-day trading on Thursday, hitting $307.69. The company had a trading volume of 667,996 shares, compared to its average volume of 874,264. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $310.78. The stock has a market cap of $34.68 billion, a price-to-earnings ratio of 38.32, a PEG ratio of 3.53 and a beta of 1.32. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. The firm's 50 day simple moving average is $253.76 and its two-hundred day simple moving average is $274.49.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.36. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.97 billion. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. Rockwell Automation's quarterly revenue was down 5.9% compared to the same quarter last year. During the same period last year, the firm posted $2.50 EPS. 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be given a dividend of $1.31 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.70%. Rockwell Automation's dividend payout ratio (DPR) is 65.99%.

Insider Transactions at Rockwell Automation

In related news, VP Isaac Woods sold 876 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $284.03, for a total value of $248,810.28. Following the sale, the vice president now directly owns 1,057 shares in the company, valued at $300,219.71. The trade was a 45.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Terry L. Riesterer sold 2,500 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $304.13, for a total value of $760,325.00. Following the sale, the vice president now owns 1,033 shares of the company's stock, valued at $314,166.29. This trade represents a 70.76% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 6,839 shares of company stock valued at $2,014,256. Company insiders own 0.68% of the company's stock.

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.