Sompo Asset Management Co. Ltd. Has $9.05 Million Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

Sompo Asset Management Co. Ltd. reduced its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,681 shares of the industrial products company's stock after selling 2,072 shares during the quarter. Rockwell Automation accounts for 1.5% of Sompo Asset Management Co. Ltd.'s portfolio, making the stock its 13th largest position. Sompo Asset Management Co. Ltd.'s holdings in Rockwell Automation were worth $9,054,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ROK. West Oak Capital LLC lifted its position in shares of Rockwell Automation by 455.6% during the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company's stock worth $29,000 after purchasing an additional 82 shares in the last quarter. Bank of Jackson Hole Trust purchased a new stake in Rockwell Automation during the 4th quarter worth $34,000. SBI Securities Co. Ltd. purchased a new position in Rockwell Automation in the 4th quarter valued at about $35,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Rockwell Automation during the fourth quarter valued at about $38,000. Finally, Knuff & Co LLC increased its position in shares of Rockwell Automation by 41.0% during the fourth quarter. Knuff & Co LLC now owns 141 shares of the industrial products company's stock worth $40,000 after acquiring an additional 41 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Insiders Place Their Bets

In related news, VP Isaac Woods sold 876 shares of the company's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $284.03, for a total transaction of $248,810.28. Following the completion of the sale, the vice president now directly owns 1,057 shares of the company's stock, valued at approximately $300,219.71. This represents a 45.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Matheus De A. G. Viera Bulho sold 293 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $257.68, for a total transaction of $75,500.24. Following the transaction, the senior vice president now directly owns 1,922 shares of the company's stock, valued at approximately $495,260.96. This represents a 13.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,750 shares of company stock valued at $1,075,923 over the last ninety days. Corporate insiders own 0.68% of the company's stock.

Rockwell Automation Stock Down 1.5 %

ROK traded down $3.75 on Monday, reaching $244.63. 333,381 shares of the company traded hands, compared to its average volume of 868,075. The company has a market cap of $27.66 billion, a price-to-earnings ratio of 30.46, a PEG ratio of 3.53 and a beta of 1.39. 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 stock's 50 day moving average price is $257.14 and its 200-day moving average price is $274.45. 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 announced its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be paid a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Monday, May 19th. Rockwell Automation's dividend payout ratio (DPR) is presently 65.26%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Wells Fargo & Company increased their target price on Rockwell Automation from $315.00 to $337.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Citigroup decreased their price objective on shares of Rockwell Automation from $350.00 to $283.00 and set a "buy" rating for the company in a report on Monday, April 14th. KeyCorp reduced their price target on shares of Rockwell Automation from $345.00 to $275.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Loop Capital lifted their price target on Rockwell Automation from $260.00 to $280.00 and gave the stock a "hold" rating in a research note on Tuesday, February 25th. Finally, Stephens upgraded Rockwell Automation from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $275.00 to $350.00 in a research note on Thursday, January 16th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Rockwell Automation currently has an average rating of "Hold" and a consensus 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.