AGF Management Ltd. Sells 121,047 Shares of Rockwell Automation, Inc. (NYSE:ROK)

AGF Management Ltd. cut its position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 47.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,401 shares of the industrial products company's stock after selling 121,047 shares during the quarter. AGF Management Ltd. owned about 0.12% of Rockwell Automation worth $37,839,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MCF Advisors LLC grew its holdings in shares of Rockwell Automation by 95.8% during the fourth quarter. MCF Advisors LLC now owns 2,332 shares of the industrial products company's stock worth $667,000 after purchasing an additional 1,141 shares during the last quarter. Ameritas Advisory Services LLC raised its position in shares of Rockwell Automation by 99.1% during the fourth quarter. Ameritas Advisory Services LLC now owns 5,187 shares of the industrial products company's stock worth $1,482,000 after purchasing an additional 2,582 shares during the period. GSA Capital Partners LLP bought a new stake in Rockwell Automation during the third quarter worth $912,000. Nomura Asset Management Co. Ltd. grew its stake in Rockwell Automation by 6.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 34,209 shares of the industrial products company's stock valued at $9,184,000 after purchasing an additional 1,928 shares during the period. Finally, Nordea Investment Management AB grew its stake in shares of Rockwell Automation by 5.9% during the 4th quarter. Nordea Investment Management AB now owns 462,537 shares of the industrial products company's stock worth $132,554,000 after acquiring an additional 25,882 shares during the period. 75.75% of the stock is owned by institutional investors.

Rockwell Automation Stock Down 1.8 %

NYSE:ROK opened at $265.53 on Wednesday. The company has a market capitalization of $30.02 billion, a price-to-earnings ratio of 33.07, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $308.70. The stock has a 50-day simple moving average of $283.55 and a 200 day simple moving average of $278.93. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08.

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Rockwell Automation (NYSE:ROK - Get Free Report) last issued its earnings results on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, beating 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%. Sell-side analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were issued a $1.31 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $5.24 annualized dividend and a dividend yield of 1.97%. Rockwell Automation's dividend payout ratio is currently 65.26%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. The Goldman Sachs Group boosted 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. Stephens raised shares of Rockwell Automation from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $275.00 to $350.00 in a research note on Thursday, January 16th. BNP Paribas cut shares of Rockwell Automation from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 11th. Citigroup increased their price target on shares of Rockwell Automation from $345.00 to $350.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Finally, Robert W. Baird increased their price target on shares of Rockwell Automation from $305.00 to $315.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, Rockwell Automation currently has a consensus rating of "Hold" and a consensus price target of $307.68.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP Isaac Woods sold 895 shares of the company's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $274.72, for a total transaction of $245,874.40. Following the sale, the vice president now directly owns 1,198 shares of the company's stock, valued at approximately $329,114.56. This represents a 42.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Scott Genereux sold 500 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $290.14, for a total transaction of $145,070.00. Following the sale, the vice president now directly owns 1,905 shares in the company, valued at $552,716.70. This trade represents a 20.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,352 shares of company stock valued at $1,246,298. Corporate insiders own 0.68% of the company's stock.

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.

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