DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $12.04 Million Holdings in Rockwell Automation, Inc. (NYSE:ROK)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main trimmed its position in Rockwell Automation, Inc. (NYSE:ROK) by 6.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,130 shares of the industrial products company’s stock after selling 3,089 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Rockwell Automation were worth $12,040,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in ROK. Meiji Yasuda Asset Management Co Ltd. raised its stake in Rockwell Automation by 0.9% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,775 shares of the industrial products company’s stock valued at $1,079,000 after purchasing an additional 33 shares during the period. Whittier Trust Co. boosted its position in Rockwell Automation by 1.9% during the 4th quarter. Whittier Trust Co. now owns 1,896 shares of the industrial products company’s stock worth $542,000 after acquiring an additional 35 shares during the period. Bank Pictet & Cie Europe AG grew its stake in Rockwell Automation by 0.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company’s stock valued at $1,199,000 after acquiring an additional 38 shares in the last quarter. Lake Street Advisors Group LLC increased its holdings in shares of Rockwell Automation by 3.0% in the 4th quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company’s stock valued at $386,000 after purchasing an additional 39 shares during the period. Finally, Fortitude Advisory Group L.L.C. lifted its position in shares of Rockwell Automation by 3.8% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company’s stock worth $309,000 after purchasing an additional 40 shares in the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Rockwell Automation Trading Up 1.2 %

Shares of ROK opened at $294.88 on Friday. The stock’s 50-day moving average price is $251.89 and its 200 day moving average price is $273.72. 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 firm has a market capitalization of $33.34 billion, a price-to-earnings ratio of 36.72, a P/E/G ratio of 3.53 and a beta of 1.32. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $308.70.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data 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. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. Rockwell Automation’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.50 earnings per share. As a group, research analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be paid a $1.31 dividend. The ex-dividend date is Monday, May 19th. This represents a $5.24 dividend on an annualized basis and a yield of 1.78%. Rockwell Automation’s payout ratio is currently 65.99%.

Insider Buying and Selling

In other Rockwell Automation news, VP Terry L. Riesterer sold 850 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $300.21, for a total transaction of $255,178.50. Following the sale, the vice president now directly owns 1,633 shares of the company’s stock, valued at approximately $490,242.93. This represents a 34.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Matthew W. Fordenwalt sold 500 shares of Rockwell Automation stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $295.01, for a total transaction of $147,505.00. Following the completion of the transaction, the senior vice president now owns 2,838 shares of the company’s stock, valued at $837,238.38. This trade represents a 14.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,250 shares of company stock valued at $1,223,428 over the last quarter. Corporate insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. raised shares of Rockwell Automation from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $201.00 to $271.00 in a research note on Thursday. TD Cowen upgraded Rockwell Automation from a “sell” rating to a “hold” rating and set a $275.00 price target for the company in a report on Friday. The Goldman Sachs Group increased their price objective on Rockwell Automation from $257.00 to $290.00 and gave the stock a “sell” rating in a report on Tuesday, February 11th. Citigroup boosted their target price on shares of Rockwell Automation from $283.00 to $327.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Robert W. Baird lifted their price objective on shares of Rockwell Automation from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Rockwell Automation presently has an average rating of “Moderate Buy” and a consensus target price of $308.37.

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.