Rockwell Automation, Inc. (NYSE:ROK) Shares Bought by Tradewinds LLC.

Tradewinds LLC. lifted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 10.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,036 shares of the industrial products company’s stock after acquiring an additional 1,817 shares during the period. Rockwell Automation accounts for approximately 1.7% of Tradewinds LLC.’s portfolio, making the stock its 18th biggest holding. Tradewinds LLC.’s holdings in Rockwell Automation were worth $6,077,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Rockwell Automation by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 13,876,530 shares of the industrial products company’s stock valued at $3,965,774,000 after purchasing an additional 81,079 shares during the last quarter. State Street Corp lifted its holdings in shares of Rockwell Automation by 0.3% during the 3rd quarter. State Street Corp now owns 4,648,137 shares of the industrial products company’s stock worth $1,247,839,000 after acquiring an additional 11,949 shares during the period. Geode Capital Management LLC boosted its position in shares of Rockwell Automation by 0.5% in the third quarter. Geode Capital Management LLC now owns 2,683,202 shares of the industrial products company’s stock worth $717,865,000 after acquiring an additional 14,040 shares during the last quarter. Amundi grew its holdings in Rockwell Automation by 26.2% in the fourth quarter. Amundi now owns 2,073,594 shares of the industrial products company’s stock valued at $580,095,000 after purchasing an additional 430,498 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Rockwell Automation by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,570,036 shares of the industrial products company’s stock worth $448,701,000 after purchasing an additional 13,744 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

ROK has been the subject of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating for the company in a research note on Wednesday, January 15th. Oppenheimer upped their price target on Rockwell Automation from $300.00 to $320.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. KeyCorp raised Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price objective on the stock in a research note on Monday, December 9th. Barclays dropped their target price on shares of Rockwell Automation from $285.00 to $280.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 26th. Finally, Jefferies Financial Group raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and lifted their price target for the company from $290.00 to $350.00 in a research report on Thursday, December 12th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Rockwell Automation currently has an average rating of “Hold” and a consensus price target of $307.42.

Rockwell Automation Stock Down 0.1 %

Shares of NYSE ROK opened at $258.42 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. Rockwell Automation, Inc. has a 1 year low of $242.81 and a 1 year high of $308.70. The stock’s 50-day simple moving average is $278.36 and its 200-day simple moving average is $278.91. The firm has a market cap of $29.22 billion, a price-to-earnings ratio of 32.18, a PEG ratio of 3.53 and a beta of 1.39.

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

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were paid a dividend of $1.31 per share. The ex-dividend date was Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a yield of 2.03%. Rockwell Automation’s dividend payout ratio (DPR) is 65.26%.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP Scott Genereux sold 500 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $290.14, for a total transaction of $145,070.00. Following the sale, the vice president now owns 1,905 shares in the company, valued at $552,716.70. This represents a 20.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Terry L. Riesterer sold 850 shares of Rockwell Automation stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total value of $255,178.50. Following the completion of the transaction, the vice president now owns 1,633 shares of the company’s stock, valued at approximately $490,242.93. The trade was a 34.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,352 shares of company stock worth $1,246,298 in the last ninety days. 0.68% of the stock is owned by insiders.

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.