Tenere Capital LLC Makes New $12.12 Million Investment in Rockwell Automation, Inc. (NYSE:ROK)

Tenere Capital LLC bought a new position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 42,400 shares of the industrial products company's stock, valued at approximately $12,117,000. Rockwell Automation makes up 3.2% of Tenere Capital LLC's holdings, making the stock its 17th largest position.

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

Rockwell Automation Stock Performance

Shares of ROK traded down $3.75 during mid-day trading on Monday, hitting $244.63. The stock had a trading volume of 333,381 shares, compared to its average volume of 868,075. 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 quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. The company has a market cap of $27.66 billion, a PE ratio of 30.46, a PEG ratio of 3.53 and a beta of 1.39. The company's fifty day simple moving average is $257.14 and its two-hundred day simple moving average is $274.45.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its quarterly earnings results 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, equities analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be issued a $1.31 dividend. This represents a $5.24 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Monday, May 19th. Rockwell Automation's payout ratio is currently 65.26%.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, SVP Matheus De A. G. Viera Bulho sold 293 shares of the company's stock in a transaction 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 transaction, the senior vice president now owns 1,922 shares of the company's stock, valued at approximately $495,260.96. This represents a 13.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Scott Genereux sold 500 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $290.14, for a total value of $145,070.00. Following the sale, the vice president now owns 1,905 shares in the company, valued at approximately $552,716.70. The trade was a 20.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,750 shares of company stock worth $1,075,923 in the last 90 days. Corporate insiders own 0.68% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on ROK shares. Wells Fargo & Company lifted their price objective on Rockwell Automation from $315.00 to $337.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Morgan Stanley raised their target price on shares of Rockwell Automation from $335.00 to $345.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. The Goldman Sachs Group increased their price target on Rockwell Automation from $257.00 to $290.00 and gave the stock a "sell" rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. dropped their target price on Rockwell Automation from $248.00 to $201.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Finally, KeyCorp decreased their price target on shares of Rockwell Automation from $345.00 to $275.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $297.11.

About Rockwell Automation

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.