Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by Curi RMB Capital LLC

Curi RMB Capital LLC trimmed its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 63.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,215 shares of the industrial products company's stock after selling 2,074 shares during the quarter. Curi RMB Capital LLC's holdings in Rockwell Automation were worth $347,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of 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. Geode Capital Management LLC grew its stake in Rockwell Automation by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 2,734,430 shares of the industrial products company's stock worth $779,426,000 after purchasing an additional 51,228 shares during the period. Amundi grew its position in shares of Rockwell Automation by 26.2% during the 4th quarter. Amundi now owns 2,073,594 shares of the industrial products company's stock worth $580,095,000 after buying an additional 430,498 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Rockwell Automation by 0.9% in 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 purchasing an additional 13,744 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Rockwell Automation by 3.9% during the fourth quarter. Invesco Ltd. now owns 1,417,323 shares of the industrial products company's stock valued at $405,057,000 after purchasing an additional 53,287 shares during the period. Institutional investors own 75.75% of the company's stock.

Rockwell Automation Trading Down 0.1 %

Shares of ROK stock traded down $0.29 during trading on Friday, hitting $248.25. 511,449 shares of the stock traded hands, compared to its average volume of 869,365. The firm's fifty day moving average price is $258.20 and its 200-day moving average price is $274.49. Rockwell Automation, Inc. has a 52-week low of $215.00 and a 52-week high of $308.70. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. The firm has a market capitalization of $28.07 billion, a P/E ratio of 30.92, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced 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, research analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be given a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a yield of 2.11%. The ex-dividend date is Monday, May 19th. Rockwell Automation's payout ratio is 65.26%.

Analyst Ratings Changes

Several research firms have weighed in on ROK. BNP Paribas upgraded shares of Rockwell Automation from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. Stephens raised shares of Rockwell Automation from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $275.00 to $350.00 in a research report on Thursday, January 16th. KeyCorp lowered their target price on Rockwell Automation from $345.00 to $275.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Citigroup lowered their price target on shares of Rockwell Automation from $350.00 to $283.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Morgan Stanley increased their price objective on Rockwell Automation from $335.00 to $345.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. 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 assigned a strong buy rating to the stock. According to data from MarketBeat, Rockwell Automation has a consensus rating of "Hold" and an average price target of $297.11.

Insider Activity

In other Rockwell Automation news, VP Isaac Woods sold 876 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $284.03, for a total value of $248,810.28. Following the transaction, the vice president now owns 1,057 shares in the company, valued at $300,219.71. The trade was a 45.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Matheus De A. G. Viera Bulho sold 293 shares of the firm'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 sale, the senior vice president now owns 1,922 shares of the company's stock, valued at $495,260.96. This represents a 13.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,750 shares of company stock worth $1,075,923 over the last three months. 0.68% of the stock is currently owned by corporate insiders.

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.