APG Asset Management N.V. Boosts Holdings in Rockwell Automation, Inc. (NYSE:ROK)

APG Asset Management N.V. raised its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 123.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,200 shares of the industrial products company's stock after buying an additional 34,351 shares during the quarter. APG Asset Management N.V. owned about 0.06% of Rockwell Automation worth $17,167,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ROK. Meiji Yasuda Asset Management Co Ltd. grew its stake in Rockwell Automation by 0.9% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,775 shares of the industrial products company's stock valued at $1,079,000 after acquiring an additional 33 shares in the last quarter. Whittier Trust Co. boosted its holdings in shares of Rockwell Automation by 1.9% during the 4th quarter. Whittier Trust Co. now owns 1,896 shares of the industrial products company's stock worth $542,000 after purchasing an additional 35 shares during the last quarter. Bank Pictet & Cie Europe AG grew its position in shares of Rockwell Automation by 0.9% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company's stock valued at $1,199,000 after purchasing an additional 38 shares in the last quarter. Lake Street Advisors Group LLC increased its holdings in shares of Rockwell Automation by 3.0% in the fourth quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company's stock valued at $386,000 after purchasing an additional 39 shares during the last quarter. Finally, Fortitude Advisory Group L.L.C. lifted its position in Rockwell Automation by 3.8% during the fourth quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company's stock worth $309,000 after buying an additional 40 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several analysts have issued reports on ROK shares. Oppenheimer upped their target price on Rockwell Automation from $300.00 to $320.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Barclays cut their price objective on shares of Rockwell Automation from $280.00 to $260.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Robert W. Baird boosted their target price 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. BNP Paribas raised shares of Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. Finally, The Goldman Sachs Group lifted their price target on shares of Rockwell Automation from $257.00 to $290.00 and gave the company a "sell" rating in a research report on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Rockwell Automation presently has an average rating of "Hold" and a consensus price target of $297.11.

Insider Buying and Selling

In other Rockwell Automation news, VP Terry L. Riesterer sold 850 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $300.21, for a total transaction of $255,178.50. Following the completion of the transaction, the vice president now owns 1,633 shares in the company, valued at $490,242.93. The trade was a 34.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Matheus De A. G. Viera Bulho sold 293 shares of the stock in a transaction that occurred 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 directly owns 1,922 shares in the company, valued at approximately $495,260.96. This represents a 13.23 % 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 in the last three months. 0.68% of the stock is owned by corporate insiders.

Rockwell Automation Trading Up 0.1 %

NYSE:ROK traded up $0.17 on Tuesday, reaching $233.59. 317,529 shares of the company's stock were exchanged, compared to its average volume of 867,819. The firm has a market capitalization of $26.41 billion, a price-to-earnings ratio of 29.09, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a 52-week low of $215.00 and a 52-week high of $308.70. 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 business has a fifty day moving average of $267.39 and a 200-day moving average of $276.41.

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 for the quarter, topping 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, analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors 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 dividend on an annualized basis and a yield of 2.24%. Rockwell Automation's dividend payout ratio (DPR) is presently 65.26%.

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.