Polymer Capital Management US LLC acquired a new position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 8,100 shares of the industrial products company's stock, valued at approximately $2,315,000.
Several other large investors have also modified their holdings of ROK. Cerity Partners LLC grew its holdings in shares of Rockwell Automation by 4.4% during the fourth quarter. Cerity Partners LLC now owns 31,974 shares of the industrial products company's stock worth $9,048,000 after purchasing an additional 1,348 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co grew its stake in Rockwell Automation by 58.3% during the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 19,000 shares of the industrial products company's stock worth $5,430,000 after buying an additional 7,000 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Rockwell Automation by 6.6% during the 4th quarter. Russell Investments Group Ltd. now owns 34,990 shares of the industrial products company's stock worth $9,998,000 after buying an additional 2,174 shares during the last quarter. Hemenway Trust Co LLC increased its position in Rockwell Automation by 1.3% during the fourth quarter. Hemenway Trust Co LLC now owns 109,227 shares of the industrial products company's stock worth $31,216,000 after buying an additional 1,436 shares during the period. Finally, Wedbush Securities Inc. lifted its stake in Rockwell Automation by 3.3% in the fourth quarter. Wedbush Securities Inc. now owns 2,500 shares of the industrial products company's stock valued at $714,000 after buying an additional 81 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.
Rockwell Automation Price Performance
Shares of Rockwell Automation stock traded down $1.16 during trading on Friday, hitting $229.01. 1,536,472 shares of the company were exchanged, compared to its average volume of 870,015. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. The firm has a 50 day moving average price of $268.12 and a 200 day moving average price of $276.64. The stock has a market capitalization of $25.89 billion, a price-to-earnings ratio of 28.52, a P/E/G ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $308.70.
Rockwell Automation (NYSE:ROK - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. On average, equities analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share 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. Shareholders of record on Monday, May 19th will be issued a $1.31 dividend. The ex-dividend date is Monday, May 19th. This represents a $5.24 annualized dividend and a yield of 2.29%. Rockwell Automation's dividend payout ratio (DPR) is presently 65.26%.
Insider Transactions at Rockwell Automation
In other news, SVP Tessa M. Myers sold 1,231 shares of the firm's stock in a transaction dated 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 directly owns 3,650 shares in the company, valued at $1,041,819.50. This trade represents a 25.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Isaac Woods sold 876 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $284.03, for a total value of $248,810.28. Following the sale, the vice president now owns 1,057 shares of the company's stock, valued at $300,219.71. The trade was a 45.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,750 shares of company stock worth $1,075,923 over the last quarter. 0.68% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. The Goldman Sachs Group increased their price target on shares of Rockwell Automation from $257.00 to $290.00 and gave the stock a "sell" rating in a research note on Tuesday, February 11th. Oppenheimer boosted their price target on Rockwell Automation from $300.00 to $320.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Morgan Stanley lifted their target price on Rockwell Automation from $335.00 to $345.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. cut their price target on Rockwell Automation from $248.00 to $201.00 and set an "underweight" rating for the company in a research note on Tuesday. Finally, Robert W. Baird boosted their price objective on shares of Rockwell Automation from $305.00 to $315.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $300.63.
Get Our Latest Stock Report on ROK
About Rockwell Automation
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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.
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