California Public Employees Retirement System Sells 12,404 Shares of Rockwell Automation, Inc. (NYSE:ROK)

California Public Employees Retirement System decreased its stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 141,445 shares of the industrial products company's stock after selling 12,404 shares during the period. California Public Employees Retirement System owned about 0.13% of Rockwell Automation worth $40,424,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ROK. Vanguard Group Inc. increased its stake in shares of Rockwell Automation by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 13,876,530 shares of the industrial products company's stock valued at $3,965,774,000 after buying an additional 81,079 shares during the period. State Street Corp increased its holdings in Rockwell Automation by 0.3% in the third quarter. State Street Corp now owns 4,648,137 shares of the industrial products company's stock valued at $1,247,839,000 after purchasing an additional 11,949 shares during the period. Geode Capital Management LLC raised its position in Rockwell Automation by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,683,202 shares of the industrial products company's stock worth $717,865,000 after purchasing an additional 14,040 shares during the last quarter. Amundi grew its position in shares of Rockwell Automation by 26.2% in the 4th quarter. Amundi now owns 2,073,594 shares of the industrial products company's stock valued at $580,095,000 after buying an additional 430,498 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Rockwell Automation by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,570,036 shares of the industrial products company's stock worth $448,701,000 after acquiring an additional 13,744 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Remove Ads

Rockwell Automation Stock Down 5.0 %

NYSE ROK traded down $11.91 during trading hours on Friday, hitting $227.25. The company's stock had a trading volume of 1,585,217 shares, compared to its average volume of 852,958. The company has a market capitalization of $25.70 billion, a PE ratio of 28.30, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 52 week low of $218.78 and a 52 week high of $308.70. The company's 50-day simple moving average is $276.11 and its two-hundred day simple moving average is $278.48.

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, 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%. Research analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The company 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 dividend of $1.31 per share. 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 65.26%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ROK shares. HSBC upgraded shares of Rockwell Automation from a "hold" rating to a "buy" rating and set a $355.00 price target on the stock in a research report on Wednesday, December 11th. JPMorgan Chase & Co. lowered their price objective on Rockwell Automation from $245.00 to $240.00 and set an "underweight" rating for the company in a research report on Wednesday, January 15th. Loop Capital raised their target price on Rockwell Automation from $260.00 to $280.00 and gave the stock a "hold" rating in a research note on Tuesday, February 25th. Jefferies Financial Group raised Rockwell Automation from a "hold" rating to a "buy" rating and boosted their price target for the company from $290.00 to $350.00 in a research note on Thursday, December 12th. Finally, The Goldman Sachs Group boosted their target price 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, seven have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $307.42.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, VP Scott Genereux sold 500 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $290.14, for a total value of $145,070.00. Following the completion of the sale, the vice president now owns 1,905 shares in the company, valued at approximately $552,716.70. This trade represents a 20.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Isaac Woods sold 895 shares of Rockwell Automation stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $274.72, for a total transaction of $245,874.40. Following the transaction, the vice president now directly owns 1,198 shares in the company, valued at approximately $329,114.56. This represents a 42.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,352 shares of company stock worth $1,246,298 in the last quarter. 0.68% of the stock is currently owned by corporate insiders.

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.