Mackenzie Financial Corp Has $3.18 Million Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Mackenzie Financial Corp trimmed its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 50.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,232 shares of the industrial products company’s stock after selling 10,513 shares during the period. Mackenzie Financial Corp’s holdings in Rockwell Automation were worth $3,177,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. OFI Invest Asset Management acquired a new stake in Rockwell Automation during the 3rd quarter valued at $26,000. Provence Wealth Management Group bought a new position in shares of Rockwell Automation in the third quarter valued at about $27,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Rockwell Automation during the 4th quarter worth about $27,000. BluePath Capital Management LLC acquired a new stake in shares of Rockwell Automation during the 3rd quarter worth about $29,000. Finally, Fortitude Family Office LLC bought a new stake in shares of Rockwell Automation during the 4th quarter worth about $46,000. 75.75% of the stock is currently owned by institutional investors.

Rockwell Automation Trading Up 1.3 %

Shares of Rockwell Automation stock opened at $273.58 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 0.76. Rockwell Automation, Inc. has a 12-month low of $252.11 and a 12-month high of $348.52. The company has a market capitalization of $31.35 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 2.72 and a beta of 1.43. The firm’s 50-day moving average price is $282.72 and its two-hundred day moving average price is $284.05.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by ($0.58). The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.08 billion. Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. During the same quarter in the prior year, the business posted $2.46 EPS. On average, analysts forecast that Rockwell Automation, Inc. will post 11.98 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 13th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.83%. Rockwell Automation’s payout ratio is 47.57%.

Wall Street Analysts Forecast Growth

ROK has been the subject of several research reports. Barclays cut their price objective on shares of Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating for the company in a research report on Tuesday, April 2nd. Berenberg Bank reissued a “hold” rating and set a $290.00 price target (down from $330.00) on shares of Rockwell Automation in a report on Wednesday, March 6th. UBS Group raised Rockwell Automation from a “neutral” rating to a “buy” rating and upped their price objective for the company from $305.00 to $360.00 in a report on Wednesday, January 3rd. Oppenheimer dropped their target price on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. Finally, Wells Fargo & Company decreased their price target on shares of Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating on the stock in a research note on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $310.08.

Insider Transactions at Rockwell Automation

In related news, CFO Nicholas C. Gangestad sold 1,989 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $288.17, for a total value of $573,170.13. Following the sale, the chief financial officer now directly owns 12,217 shares of the company’s stock, valued at $3,520,572.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Scott Genereux sold 500 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $290.00, for a total value of $145,000.00. Following the completion of the transaction, the vice president now directly owns 2,383 shares in the company, valued at approximately $691,070. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Nicholas C. Gangestad sold 1,989 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $288.17, for a total value of $573,170.13. Following the sale, the chief financial officer now owns 12,217 shares in the company, valued at approximately $3,520,572.89. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,877 shares of company stock valued at $5,058,772. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation 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.