3,330 Shares in Rockwell Automation, Inc. (NYSE:ROK) Acquired by Heritage Trust Co

Heritage Trust Co purchased a new position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,330 shares of the industrial products company's stock, valued at approximately $952,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of 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 worth $3,965,774,000 after buying an additional 81,079 shares during the period. Geode Capital Management LLC increased its position in shares of Rockwell Automation by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 2,734,430 shares of the industrial products company's stock valued at $779,426,000 after acquiring an additional 51,228 shares during the period. Amundi raised its stake in shares of Rockwell Automation by 26.2% during the fourth quarter. Amundi now owns 2,073,594 shares of the industrial products company's stock valued at $580,095,000 after acquiring an additional 430,498 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 period. Finally, Invesco Ltd. grew its stake in shares of Rockwell Automation by 3.9% in the fourth quarter. Invesco Ltd. now owns 1,417,323 shares of the industrial products company's stock worth $405,057,000 after purchasing an additional 53,287 shares during the last quarter. Institutional investors own 75.75% of the company's stock.

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Rockwell Automation Stock Down 0.2 %

Shares of ROK stock traded down $0.45 during mid-day trading on Tuesday, hitting $232.97. The company's stock had a trading volume of 810,585 shares, compared to its average volume of 867,619. The stock has a market cap of $26.34 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 3.53 and a beta of 1.39. 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 52-week low of $215.00 and a 52-week high of $308.70. The business has a 50-day moving average price of $267.39 and a 200 day moving average price of $276.41.

Rockwell Automation (NYSE:ROK - Get Free Report) last posted 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 net margin of 11.38% and a return on equity of 30.17%. Research analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The company 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. The ex-dividend date is Monday, May 19th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.25%. Rockwell Automation's dividend payout ratio (DPR) is currently 65.26%.

Insider Buying and Selling

In other news, SVP Matheus De A. G. Viera Bulho sold 293 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $257.68, for a total transaction of $75,500.24. Following the completion of the sale, the senior vice president now owns 1,922 shares of the company's stock, valued at $495,260.96. The trade was a 13.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Terry L. Riesterer sold 850 shares of the firm's stock in a transaction 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 directly owns 1,633 shares in the company, valued at approximately $490,242.93. This represents a 34.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,750 shares of company stock valued at $1,075,923 over the last 90 days. Company insiders own 0.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ROK. KeyCorp dropped their price objective on Rockwell Automation from $345.00 to $275.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Barclays cut their price target on shares of Rockwell Automation from $280.00 to $260.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Wells Fargo & Company raised their target price on shares of Rockwell Automation from $315.00 to $337.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. BNP Paribas upgraded shares of Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 9th. Finally, Morgan Stanley raised their price objective on shares of Rockwell Automation from $335.00 to $345.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price 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.