Cibc World Markets Corp Raises Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

Cibc World Markets Corp boosted its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 15.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,816 shares of the industrial products company's stock after purchasing an additional 2,373 shares during the period. Cibc World Markets Corp's holdings in Rockwell Automation were worth $5,092,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Prospera Financial Services Inc lifted its position in shares of Rockwell Automation by 0.9% in the 3rd quarter. Prospera Financial Services Inc now owns 4,033 shares of the industrial products company's stock worth $1,083,000 after purchasing an additional 37 shares during the period. Bank Pictet & Cie Europe AG lifted its holdings in 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 worth $1,199,000 after buying an additional 38 shares during the period. Lake Street Advisors Group LLC boosted its position in Rockwell Automation by 3.0% during the 4th quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company's stock valued at $386,000 after acquiring an additional 39 shares in the last quarter. Fortitude Advisory Group L.L.C. grew its holdings in shares of Rockwell Automation by 3.8% during the 4th quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company's stock worth $309,000 after acquiring an additional 40 shares during the period. Finally, Knuff & Co LLC raised its position 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 worth $40,000 after acquiring an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Oppenheimer lifted their price target on Rockwell Automation from $300.00 to $320.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. KeyCorp upgraded shares of Rockwell Automation from a "sector weight" rating to an "overweight" rating and set a $345.00 target price on the stock in a report on Monday, December 9th. Robert W. Baird upped their target price on shares of Rockwell Automation from $305.00 to $315.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Citigroup lifted their price target on shares of Rockwell Automation from $345.00 to $350.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Finally, Wells Fargo & Company upped their price objective on shares of Rockwell Automation from $315.00 to $337.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $307.68.

Insiders Place Their Bets

In other Rockwell Automation news, SVP Tessa M. Myers sold 1,231 shares of the company's 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 owns 3,650 shares in the company, valued at $1,041,819.50. This represents a 25.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Scott Genereux sold 500 shares of Rockwell Automation 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 transaction, the vice president now directly 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. Over the last ninety days, insiders have sold 4,352 shares of company stock worth $1,246,298. Company insiders own 0.68% of the company's stock.

Rockwell Automation Stock Performance

Shares of ROK stock traded up $9.46 on Monday, reaching $268.25. The stock had a trading volume of 1,286,157 shares, compared to its average volume of 818,521. 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 $242.81 and a 1 year high of $308.70. The stock has a market cap of $30.33 billion, a P/E ratio of 33.41, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. The company has a 50 day simple moving average of $280.13 and a 200 day simple moving average of $278.59.

Rockwell Automation (NYSE:ROK - Get Free Report) last released 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%. Equities research analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were issued a dividend of $1.31 per share. The ex-dividend date was Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a yield of 1.95%. Rockwell Automation's dividend 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.