TigerOak Management L.L.C. Acquires Shares of 1,931 Rockwell Automation, Inc. (NYSE:ROK)

TigerOak Management L.L.C. bought a new position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,931 shares of the industrial products company's stock, valued at approximately $552,000.

Several other large investors also recently added to or reduced their stakes in ROK. Creative Planning increased its holdings in Rockwell Automation by 3.2% in the third quarter. Creative Planning now owns 25,927 shares of the industrial products company's stock worth $6,960,000 after buying an additional 807 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Rockwell Automation by 3.0% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,382 shares of the industrial products company's stock worth $9,499,000 after acquiring an additional 1,033 shares during the period. V Square Quantitative Management LLC lifted its stake in shares of Rockwell Automation by 17.8% in the third quarter. V Square Quantitative Management LLC now owns 3,637 shares of the industrial products company's stock valued at $976,000 after buying an additional 550 shares during the period. Claro Advisors LLC increased its position in shares of Rockwell Automation by 145.4% during the third quarter. Claro Advisors LLC now owns 4,153 shares of the industrial products company's stock valued at $1,014,000 after purchasing an additional 2,461 shares during the period. Finally, Moss Adams Wealth Advisors LLC raised its stake in shares of Rockwell Automation by 4.7% in the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 2,228 shares of the industrial products company's stock valued at $598,000 after buying an additional 101 shares in the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Rockwell Automation Stock Down 0.6 %

Rockwell Automation stock traded down $1.88 during trading on Wednesday, hitting $299.27. 662,028 shares of the company were exchanged, compared to its average volume of 849,123. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The business's 50 day moving average is $286.32 and its 200 day moving average is $276.50. Rockwell Automation, Inc. has a 52 week low of $242.81 and a 52 week high of $308.70. The company has a market capitalization of $33.84 billion, a P/E ratio of 37.27, a PEG ratio of 3.18 and a beta of 1.35.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (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%. Analysts predict that Rockwell Automation, Inc. will post 9.28 earnings per share for the current year.

Rockwell Automation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be paid a $1.31 dividend. This represents a $5.24 annualized dividend and a yield of 1.75%. The ex-dividend date is Tuesday, February 18th. Rockwell Automation's dividend payout ratio is presently 65.26%.

Insider Buying and Selling at Rockwell Automation

In other news, SVP Cyril Perducat sold 1,000 shares of the company's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following the completion of the transaction, the senior vice president now directly owns 3,630 shares in the company, valued at approximately $1,089,000. This represents a 21.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Isaac Woods sold 895 shares of the firm's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $274.72, for a total value of $245,874.40. Following the transaction, the vice president now directly owns 1,198 shares in the company, valued at approximately $329,114.56. This represents a 42.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,240 shares of company stock valued at $10,800,555 in the last three months. Company insiders own 0.68% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on ROK. The Goldman Sachs Group raised their price objective on shares of Rockwell Automation from $257.00 to $290.00 and gave the stock a "sell" rating in a report on Tuesday, February 11th. UBS Group started coverage on shares of Rockwell Automation in a research report on Wednesday, November 13th. They issued a "neutral" rating and a $313.00 price target on the stock. Barclays increased their target price on Rockwell Automation from $285.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 11th. HSBC raised shares of Rockwell Automation from a "hold" rating to a "buy" rating and set a $355.00 price target for the company in a research note on Wednesday, December 11th. Finally, Morgan Stanley lifted their price objective on shares of Rockwell Automation from $335.00 to $345.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $308.05.

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.