BI Asset Management Fondsmaeglerselskab A S Cuts Stake in Rockwell Automation, Inc. (NYSE:ROK)

BI Asset Management Fondsmaeglerselskab A S trimmed its stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 41.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,580 shares of the industrial products company's stock after selling 2,489 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Rockwell Automation were worth $1,023,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. West Oak Capital LLC increased its holdings in shares of Rockwell Automation by 455.6% during the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company's stock worth $29,000 after buying an additional 82 shares during the last quarter. Bank of Jackson Hole Trust purchased a new stake in Rockwell Automation during the fourth quarter valued at about $34,000. SBI Securities Co. Ltd. acquired a new stake in Rockwell Automation during the fourth quarter worth about $35,000. Flagship Wealth Advisors LLC purchased a new position in shares of Rockwell Automation in the 4th quarter worth about $38,000. Finally, Knuff & Co LLC lifted its stake in shares of 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 purchasing an additional 41 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on ROK shares. Robert W. Baird raised 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. Barclays cut their target price on shares of Rockwell Automation from $280.00 to $260.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. The Goldman Sachs Group upped their price target on shares of Rockwell Automation from $257.00 to $290.00 and gave the stock a "sell" rating in a research report on Tuesday, February 11th. KeyCorp cut their price objective on Rockwell Automation from $345.00 to $275.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Oppenheimer upped their target price on Rockwell Automation from $300.00 to $320.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $297.11.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, SVP Matheus De A. G. Viera Bulho sold 293 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $257.68, for a total value of $75,500.24. Following the completion of the transaction, the senior vice president now owns 1,922 shares in the company, valued at approximately $495,260.96. This represents a 13.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Tessa M. Myers sold 1,231 shares of the business's stock in a transaction that occurred on 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 owns 3,650 shares of the company's stock, valued at approximately $1,041,819.50. This represents a 25.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,750 shares of company stock worth $1,075,923 over the last 90 days. Insiders own 0.68% of the company's stock.

Rockwell Automation Price Performance

ROK opened at $234.20 on Wednesday. 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 $215.00 and a 1-year high of $308.70. The company has a 50-day moving average of $260.22 and a 200-day moving average of $274.86. The company has a market capitalization of $26.48 billion, a P/E ratio of 29.17, a PEG ratio of 3.53 and a beta of 1.39.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its quarterly earnings data 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 return on equity of 30.17% and a net margin of 11.38%. Equities analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

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 issued a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Monday, May 19th. Rockwell Automation's dividend payout ratio is presently 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.

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