Paloma Partners Management Co Has $7.86 Million Stake in Rockwell Automation, Inc. (NYSE:ROK)

Paloma Partners Management Co increased its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 425.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,500 shares of the industrial products company’s stock after purchasing an additional 22,268 shares during the period. Paloma Partners Management Co’s holdings in Rockwell Automation were worth $7,859,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Rockwell Automation by 0.9% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,775 shares of the industrial products company’s stock worth $1,079,000 after buying an additional 33 shares in the last quarter. Whittier Trust Co. lifted its holdings in shares of Rockwell Automation by 1.9% during the fourth quarter. Whittier Trust Co. now owns 1,896 shares of the industrial products company’s stock worth $542,000 after buying an additional 35 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in shares of Rockwell Automation by 0.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company’s stock worth $1,199,000 after buying an additional 38 shares in the last quarter. Lake Street Advisors Group LLC lifted its holdings in shares of Rockwell Automation by 3.0% during the fourth quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company’s stock worth $386,000 after buying an additional 39 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. lifted its holdings in shares of Rockwell Automation by 3.8% during 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 buying an additional 40 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Rockwell Automation news, SVP Matheus De A. G. Viera Bulho sold 293 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $257.68, for a total transaction of $75,500.24. Following the transaction, the senior vice president now directly owns 1,922 shares in the company, valued at approximately $495,260.96. This represents a 13.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tessa M. Myers sold 1,231 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $285.43, for a total value of $351,364.33. Following the transaction, the senior vice president now owns 3,650 shares in the company, valued at $1,041,819.50. The trade was a 25.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,750 shares of company stock worth $1,075,923. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Performance

Shares of ROK stock opened at $246.40 on Tuesday. The business’s 50 day simple moving average is $256.09 and its 200 day simple moving average is $274.27. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $308.70. The stock has a market capitalization of $27.86 billion, a PE ratio of 30.68, a PEG ratio of 3.53 and a beta of 1.39. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72.

Rockwell Automation (NYSE:ROK) last announced its earnings results 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 return on equity of 30.17% and a net margin of 11.38%. As a group, research analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be issued a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Monday, May 19th. Rockwell Automation’s payout ratio is 65.26%.

Analyst Ratings Changes

A number of research firms recently commented on ROK. Citigroup dropped their price target on Rockwell Automation from $350.00 to $283.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Morgan Stanley boosted their price target on Rockwell Automation from $335.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Stephens raised Rockwell Automation from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $275.00 to $350.00 in a research note on Thursday, January 16th. Loop Capital boosted their target price on Rockwell Automation from $260.00 to $280.00 and gave the stock a “hold” rating in a research note on Tuesday, February 25th. Finally, Robert W. Baird boosted their target price on Rockwell Automation from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Rockwell Automation has a consensus rating of “Hold” and an average price target of $297.11.

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.