Paradoxiom Capital L.P. Takes $7.17 Million Position in Rockwell Automation, Inc. (NYSE:ROK)

Paradoxiom Capital L.P. acquired a new stake in Rockwell Automation, Inc. (NYSE:ROK) in the 4th quarter, Holdings Channel reports. The firm acquired 25,098 shares of the industrial products company’s stock, valued at approximately $7,173,000. Rockwell Automation comprises approximately 3.0% of Paradoxiom Capital L.P.’s investment portfolio, making the stock its 18th biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Meiji Yasuda Asset Management Co Ltd. increased 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 in the last quarter. Whittier Trust Co. increased its stake 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 valued at $542,000 after purchasing an additional 35 shares in the last quarter. Bank Pictet & Cie Europe AG increased 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 purchasing an additional 38 shares in the last quarter. Lake Street Advisors Group LLC increased its stake in Rockwell Automation by 3.0% during 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 in the last quarter. Finally, Fortitude Advisory Group L.L.C. increased its stake in Rockwell Automation by 3.8% during the 4th quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company’s stock valued at $309,000 after purchasing an additional 40 shares in the last quarter. Institutional investors own 75.75% of the company’s stock.

Analysts Set New Price Targets

ROK has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price target on shares of Rockwell Automation from $265.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. TD Cowen upgraded shares of Rockwell Automation from a “sell” rating to a “hold” rating and set a $275.00 price target for the company in a research note on Friday, May 9th. Stephens raised shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $275.00 to $350.00 in a report on Thursday, January 16th. Loop Capital lifted their price objective on shares of Rockwell Automation from $260.00 to $280.00 and gave the stock a “hold” rating in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. raised shares of Rockwell Automation from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $201.00 to $271.00 in a report on Thursday, May 8th. 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 given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $308.37.

Insider Buying and Selling at Rockwell Automation

In other news, VP Terry L. Riesterer sold 2,500 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $304.13, for a total transaction of $760,325.00. Following the sale, the vice president now owns 1,033 shares of the company’s stock, valued at approximately $314,166.29. This represents a 70.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Matheus De A. G. Viera Bulho sold 939 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $304.24, for a total transaction of $285,681.36. Following the sale, the senior vice president now owns 983 shares in the company, valued at $299,067.92. The trade was a 48.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,839 shares of company stock valued at $2,014,256 over the last 90 days. 0.68% of the stock is owned by insiders.

Rockwell Automation Price Performance

Shares of NYSE:ROK opened at $309.06 on Wednesday. The business has a fifty day moving average price of $253.16 and a 200-day moving average price of $274.26. The company has a market capitalization of $34.84 billion, a PE ratio of 38.49, a PEG ratio of 3.53 and a beta of 1.32. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $310.78. 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 quarterly earnings data on Wednesday, May 7th. The industrial products company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.09 by $0.36. The company had revenue of $2 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company posted $2.50 EPS. As a group, equities analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be paid a $1.31 dividend. This represents a $5.24 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Monday, May 19th. Rockwell Automation’s dividend payout ratio (DPR) is presently 65.99%.

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.