Allstate Corp Buys New Position in Rockwell Automation, Inc. (NYSE:ROK)

Allstate Corp acquired a new stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 3,421 shares of the industrial products company's stock, valued at approximately $978,000.

A number of other large investors have also recently bought and sold shares of the business. West Oak Capital LLC grew its stake in shares of Rockwell Automation by 455.6% in the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company's stock worth $29,000 after acquiring an additional 82 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in Rockwell Automation during the fourth quarter valued at about $34,000. SBI Securities Co. Ltd. acquired a new stake in shares of Rockwell Automation during the 4th quarter worth approximately $35,000. Flagship Wealth Advisors LLC acquired a new stake in Rockwell Automation during the fourth quarter worth $38,000. Finally, Knuff & Co LLC increased its holdings in Rockwell Automation by 41.0% in the 4th quarter. Knuff & Co LLC now owns 141 shares of the industrial products company's stock valued at $40,000 after buying an additional 41 shares during the period. 75.75% of the stock is currently owned by institutional investors.

Rockwell Automation Stock Down 5.2 %

Shares of Rockwell Automation stock traded down $12.41 on Friday, hitting $226.75. The company had a trading volume of 871,422 shares, compared to its average volume of 850,612. The stock has a 50 day moving average of $276.11 and a 200-day moving average of $278.48. The stock has a market capitalization of $25.64 billion, a price-to-earnings ratio of 28.15, a P/E/G 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 1 year low of $218.78 and a 1 year high of $308.70.

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Rockwell Automation (NYSE:ROK - Get Free Report) last posted its quarterly 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%. As a group, sell-side analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be issued a dividend of $1.31 per share. The ex-dividend date is Monday, May 19th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.31%. Rockwell Automation's dividend payout ratio is currently 65.26%.

Insiders Place Their Bets

In related news, SVP Tessa M. Myers sold 1,231 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $285.43, for a total value of $351,364.33. Following the completion of the transaction, the senior vice president now directly owns 3,650 shares in the company, valued at $1,041,819.50. The trade was a 25.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Terry L. Riesterer sold 850 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $300.21, for a total value of $255,178.50. Following the sale, the vice president now directly owns 1,633 shares in the company, valued at $490,242.93. This trade represents a 34.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,352 shares of company stock worth $1,246,298. Company insiders own 0.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Stephens upgraded shares of Rockwell Automation from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $275.00 to $350.00 in a research note on Thursday, January 16th. Robert W. Baird raised their price target on Rockwell Automation from $305.00 to $315.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. reduced their price objective on Rockwell Automation from $245.00 to $240.00 and set an "underweight" rating on the stock in a research note on Wednesday, January 15th. KeyCorp raised Rockwell Automation from a "sector weight" rating to an "overweight" rating and set a $345.00 price target for the company in a report on Monday, December 9th. Finally, Oppenheimer raised their price objective on shares of Rockwell Automation from $300.00 to $320.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $307.42.

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.