GKV Capital Management Co. Inc. Buys Shares of 200 Rockwell Automation, Inc. (NYSE:ROK)

GKV Capital Management Co. Inc. purchased a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 200 shares of the industrial products company’s stock, valued at approximately $57,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP boosted its position in Rockwell Automation by 7.3% in the third quarter. Wellington Management Group LLP now owns 789 shares of the industrial products company’s stock worth $212,000 after purchasing an additional 54 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Rockwell Automation in the third quarter worth approximately $1,348,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Rockwell Automation in the third quarter worth approximately $464,000. Tidal Investments LLC grew its position in Rockwell Automation by 4.3% during the third quarter. Tidal Investments LLC now owns 8,404 shares of the industrial products company’s stock valued at $2,256,000 after buying an additional 350 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in Rockwell Automation by 5.8% during the third quarter. Principal Financial Group Inc. now owns 204,679 shares of the industrial products company’s stock valued at $54,948,000 after buying an additional 11,161 shares during the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Rockwell Automation

In other news, SVP Matheus De A. G. Viera Bulho sold 293 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $257.68, for a total value of $75,500.24. Following the completion of the sale, the senior vice president now owns 1,922 shares in the company, valued at approximately $495,260.96. This trade represents a 13.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the vice president now owns 1,905 shares in the company, valued at $552,716.70. The trade was a 20.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,750 shares of company stock worth $1,075,923 over the last ninety days. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Up 1.5 %

NYSE ROK opened at $231.51 on Friday. The stock has a 50 day moving average price of $264.46 and a 200-day moving average price of $275.53. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $308.70. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. The company has a market capitalization of $26.18 billion, a P/E ratio of 28.83, a P/E/G ratio of 3.53 and a beta of 1.39.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, beating the consensus estimate 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, equities analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be paid a dividend of $1.31 per share. The ex-dividend date is Monday, May 19th. This represents a $5.24 annualized dividend and a yield of 2.26%. Rockwell Automation’s payout ratio is currently 65.26%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ROK shares. Wells Fargo & Company lifted their price target on shares of Rockwell Automation from $315.00 to $337.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Barclays reduced their price target on Rockwell Automation from $280.00 to $260.00 and set an “equal weight” rating for the company in a research report on Thursday, April 10th. JPMorgan Chase & Co. cut their price objective 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. 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 note on Wednesday, February 12th. Finally, Citigroup dropped their price target on shares of Rockwell Automation from $350.00 to $283.00 and set a “buy” rating for the company in a research report on Monday. Three analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average 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.