Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by Andra AP fonden

Andra AP fonden trimmed its position in Rockwell Automation, Inc. (NYSE:ROK) by 63.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 10,000 shares of the industrial products company’s stock after selling 17,500 shares during the quarter. Andra AP fonden’s holdings in Rockwell Automation were worth $2,858,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ROK. Graypoint LLC lifted its position in Rockwell Automation by 14.8% in the third quarter. Graypoint LLC now owns 840 shares of the industrial products company’s stock worth $225,000 after purchasing an additional 108 shares during the period. Principal Financial Group Inc. lifted its position in Rockwell Automation by 5.8% in the third quarter. Principal Financial Group Inc. now owns 204,679 shares of the industrial products company’s stock worth $54,948,000 after purchasing an additional 11,161 shares during the period. Fiera Capital Corp lifted its position in Rockwell Automation by 6.5% in the third quarter. Fiera Capital Corp now owns 9,689 shares of the industrial products company’s stock worth $2,601,000 after purchasing an additional 589 shares during the period. Rovin Capital UT ADV acquired a new stake in Rockwell Automation in the third quarter worth approximately $286,000. Finally, Assetmark Inc. lifted its position in Rockwell Automation by 5.7% in the third quarter. Assetmark Inc. now owns 2,486 shares of the industrial products company’s stock worth $667,000 after purchasing an additional 135 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation Trading Up 1.7 %

NYSE ROK opened at $276.55 on Monday. Rockwell Automation, Inc. has a 1-year low of $242.81 and a 1-year high of $308.70. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $31.27 billion, a PE ratio of 34.44, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. The firm’s fifty day simple moving average is $284.25 and its 200-day simple moving average is $278.91.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. As a group, sell-side analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be paid a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Tuesday, February 18th. Rockwell Automation’s dividend payout ratio (DPR) is presently 65.26%.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, VP Scott Genereux sold 500 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $290.14, for a total transaction of $145,070.00. Following the completion of the sale, the vice president now directly owns 1,905 shares in the company, valued at $552,716.70. This represents a 20.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tessa M. Myers sold 1,231 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $285.43, for a total transaction of $351,364.33. Following the sale, the senior vice president now owns 3,650 shares of the company’s stock, valued at $1,041,819.50. This trade represents a 25.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,352 shares of company stock valued at $1,246,298. 0.68% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ROK has been the subject of a number of recent research reports. Loop Capital increased their price objective on Rockwell Automation from $260.00 to $280.00 and gave the company a “hold” rating in a research report on Tuesday, February 25th. Barclays increased their price objective on Rockwell Automation from $285.00 to $300.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. The Goldman Sachs Group increased their price objective on Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a research report on Tuesday, February 11th. Oppenheimer increased their price objective on Rockwell Automation from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Finally, Stephens upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $275.00 to $350.00 in a research report on Thursday, January 16th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $308.47.

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.