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

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 834,622 shares of the industrial products company's stock after purchasing an additional 34,098 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.74% of Rockwell Automation worth $238,525,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ROK. MCF Advisors LLC increased its holdings in shares of Rockwell Automation by 95.8% in the fourth quarter. MCF Advisors LLC now owns 2,332 shares of the industrial products company's stock valued at $667,000 after buying an additional 1,141 shares in the last quarter. Ameritas Advisory Services LLC increased its holdings in shares of Rockwell Automation by 99.1% in the fourth quarter. Ameritas Advisory Services LLC now owns 5,187 shares of the industrial products company's stock valued at $1,482,000 after buying an additional 2,582 shares in the last quarter. Signal Advisors Wealth LLC increased its holdings in shares of Rockwell Automation by 12.5% in the fourth quarter. Signal Advisors Wealth LLC now owns 946 shares of the industrial products company's stock valued at $270,000 after buying an additional 105 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Rockwell Automation by 357.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 37,239 shares of the industrial products company's stock valued at $10,643,000 after buying an additional 29,105 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Rockwell Automation by 181.6% during the 4th quarter. Blue Trust Inc. now owns 2,095 shares of the industrial products company's stock valued at $562,000 after purchasing an additional 1,351 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Rockwell Automation

In related news, VP Terry L. Riesterer sold 2,500 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $304.13, for a total value of $760,325.00. Following the completion of the transaction, the vice president now owns 1,033 shares of the company's stock, valued at $314,166.29. This represents a 70.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Tessa M. Myers sold 1,231 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $285.43, for a total transaction of $351,364.33. Following the completion of the transaction, the senior vice president now directly owns 3,650 shares of the company's stock, valued at $1,041,819.50. This trade represents a 25.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,839 shares of company stock worth $2,014,256 over the last ninety days. Company insiders own 0.68% of the company's stock.

Rockwell Automation Stock Up 0.3%

NYSE:ROK traded up $1.03 during trading hours on Friday, reaching $308.89. The company's stock had a trading volume of 664,567 shares, compared to its average volume of 874,193. The company has a market cap of $34.82 billion, a price-to-earnings ratio of 38.47, a price-to-earnings-growth ratio of 3.53 and a beta of 1.32. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $310.78. The business's 50-day moving average is $255.37 and its 200-day moving average is $275.02. 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 released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.09 by $0.36. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. The company had revenue of $2 billion during the quarter, compared to analysts' expectations of $1.97 billion. During the same period in the prior year, the company earned $2.50 earnings per share. The business's quarterly revenue was down 5.9% compared to the same quarter last year. Equities research analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders 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 yield of 1.70%. The ex-dividend date of this dividend is Monday, May 19th. Rockwell Automation's dividend payout ratio (DPR) is 65.99%.

Wall Street Analyst Weigh In

ROK has been the topic of several recent analyst reports. Oppenheimer boosted their target price on shares of Rockwell Automation from $258.00 to $304.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Barclays boosted their target price on shares of Rockwell Automation from $260.00 to $283.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. Wells Fargo & Company boosted their target price on shares of Rockwell Automation from $265.00 to $315.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Morgan Stanley boosted their target price on shares of Rockwell Automation from $335.00 to $345.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Finally, Citigroup boosted their target price on shares of Rockwell Automation from $283.00 to $327.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $310.37.

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.