Rockwell Automation, Inc. (NYSE:ROK) Position Increased by Candriam S.C.A.

Candriam S.C.A. lifted its stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 23.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,463 shares of the industrial products company's stock after buying an additional 39,633 shares during the period. Candriam S.C.A. owned approximately 0.18% of Rockwell Automation worth $59,005,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of ROK. State Street Corp grew its position 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 acquiring an additional 11,949 shares in the last quarter. Geode Capital Management LLC grew its holdings 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 valued at $717,865,000 after purchasing an additional 14,040 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Rockwell Automation by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,570,036 shares of the industrial products company's stock worth $448,701,000 after buying an additional 13,744 shares during the period. Accredited Investors Inc. increased its stake in Rockwell Automation by 162,058.5% during the 3rd quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company's stock worth $318,227,000 after buying an additional 1,184,648 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Rockwell Automation by 6.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,811 shares of the industrial products company's stock worth $303,041,000 after buying an additional 67,684 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms have recently commented on ROK. JPMorgan Chase & Co. reduced their target price on Rockwell Automation from $245.00 to $240.00 and set an "underweight" rating for the company in a research note on Wednesday, January 15th. Robert W. Baird increased their price objective on shares of Rockwell Automation from $305.00 to $315.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. The Goldman Sachs Group raised their price objective on shares of Rockwell Automation from $257.00 to $290.00 and gave the stock a "sell" rating in a report on Tuesday, February 11th. Wells Fargo & Company upped their target price on shares of Rockwell Automation from $315.00 to $337.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Finally, UBS Group initiated coverage on Rockwell Automation in a research note on Wednesday, November 13th. They issued a "neutral" rating and a $313.00 price target for the company. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Rockwell Automation has an average rating of "Hold" and an average price target of $308.47.

Insider Buying and Selling at Rockwell Automation

In other news, VP Isaac Woods sold 876 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $284.03, for a total value of $248,810.28. Following the completion of the sale, the vice president now owns 1,057 shares in the company, valued at $300,219.71. This represents a 45.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Scott Genereux sold 278 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $302.04, for a total value of $83,967.12. Following the completion of the sale, the vice president now owns 3,184 shares of the company's stock, valued at $961,695.36. The trade was a 8.03 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,823 shares of company stock valued at $1,690,564. 0.68% of the stock is owned by corporate insiders.

Rockwell Automation Stock Performance

ROK traded up $4.73 during trading hours on Friday, hitting $276.55. The company's stock had a trading volume of 1,078,604 shares, compared to its average volume of 831,596. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $308.70. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $31.27 billion, a PE ratio of 34.44, a PEG ratio of 3.53 and a beta of 1.39. The company has a 50-day simple moving average of $284.25 and a 200 day simple moving average of $278.73.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) 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%. As a group, sell-side analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Tuesday, February 18th. Rockwell Automation's payout ratio is currently 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.