B. Metzler seel. Sohn & Co. AG Has $4.54 Million Stake in Rockwell Automation, Inc. (NYSE:ROK)

B. Metzler seel. Sohn & Co. AG cut its stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 14.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,873 shares of the industrial products company's stock after selling 2,624 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Rockwell Automation were worth $4,536,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Rockwell Automation in the 3rd quarter valued at $300,000. Townsquare Capital LLC lifted its position in shares of Rockwell Automation by 13.2% in the third quarter. Townsquare Capital LLC now owns 2,104 shares of the industrial products company's stock worth $565,000 after buying an additional 245 shares during the last quarter. CreativeOne Wealth LLC boosted its stake in shares of Rockwell Automation by 9.7% during the 3rd quarter. CreativeOne Wealth LLC now owns 1,088 shares of the industrial products company's stock worth $292,000 after acquiring an additional 96 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in shares of Rockwell Automation by 14.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 4,897 shares of the industrial products company's stock valued at $1,315,000 after acquiring an additional 600 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Rockwell Automation in the 3rd quarter valued at approximately $589,000. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity at Rockwell Automation

In related news, SVP Tessa M. Myers sold 1,231 shares of Rockwell Automation 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Scott Genereux sold 500 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $290.14, for a total transaction of $145,070.00. Following the transaction, the vice president now owns 1,905 shares in the company, valued at approximately $552,716.70. The trade was a 20.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,352 shares of company stock valued at $1,246,298 over the last ninety days. 0.68% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on ROK. Loop Capital increased their price target on Rockwell Automation from $260.00 to $280.00 and gave the company a "hold" rating in a report on Tuesday, February 25th. Stephens upgraded shares of Rockwell Automation from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $275.00 to $350.00 in a report on Thursday, January 16th. KeyCorp raised shares of Rockwell Automation from a "sector weight" rating to an "overweight" rating and set a $345.00 target price for the company in a research report on Monday, December 9th. Morgan Stanley raised their price target on Rockwell Automation from $335.00 to $345.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Finally, Citigroup boosted their price objective on Rockwell Automation from $345.00 to $350.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $307.42.

Rockwell Automation Price Performance

NYSE ROK traded down $12.61 during trading on Friday, reaching $226.55. 1,069,830 shares of the company traded hands, compared to its average volume of 851,716. Rockwell Automation, Inc. has a 1-year low of $218.78 and a 1-year high of $308.70. The company has a market cap of $25.62 billion, a price-to-earnings ratio of 28.28, a P/E/G ratio of 3.53 and a beta of 1.39. The stock's 50 day moving average price is $276.11 and its two-hundred day moving average price is $278.48. 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 (NYSE:ROK - Get Free Report) last posted 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 anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Announces Dividend

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

About Rockwell Automation

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.