Rockwell Automation, Inc. (NYSE:ROK) Stake Lifted by Davis R M Inc.

Davis R M Inc. boosted its holdings in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 1.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 86,988 shares of the industrial products company's stock after buying an additional 1,520 shares during the period. Davis R M Inc. owned approximately 0.08% of Rockwell Automation worth $24,860,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in shares of Rockwell Automation in the 3rd quarter valued at $26,000. West Oak Capital LLC raised its position in Rockwell Automation by 455.6% in the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 82 shares during the period. Bank of Jackson Hole Trust purchased a new position in Rockwell Automation in the fourth quarter valued at about $34,000. SBI Securities Co. Ltd. acquired a new position in shares of Rockwell Automation during the fourth quarter worth about $35,000. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Rockwell Automation in the third quarter worth about $34,000. 75.75% of the stock is owned by institutional investors and hedge funds.

Rockwell Automation Stock Performance

Rockwell Automation stock traded down $6.68 during mid-day trading on Thursday, reaching $255.30. The company's stock had a trading volume of 599,445 shares, compared to its average volume of 828,556. 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 twelve month low of $242.81 and a twelve month high of $308.70. The business has a 50 day moving average price of $282.55 and a 200-day moving average price of $278.64. The firm has a market cap of $28.87 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 3.53 and a beta of 1.39.

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Rockwell Automation (NYSE:ROK - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. Sell-side analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were given a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Tuesday, February 18th. Rockwell Automation's payout ratio is 65.26%.

Analysts Set New Price Targets

ROK has been the topic of several recent research reports. Jefferies Financial Group raised Rockwell Automation from a "hold" rating to a "buy" rating and boosted their price target for the stock from $290.00 to $350.00 in a research report on Thursday, December 12th. Citigroup boosted their target price on shares of Rockwell Automation from $345.00 to $350.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Morgan Stanley raised their price target on shares of Rockwell Automation from $335.00 to $345.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Stephens raised shares of Rockwell Automation from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $275.00 to $350.00 in a research note on Thursday, January 16th. Finally, UBS Group began coverage on shares of Rockwell Automation in a research report on Wednesday, November 13th. They issued a "neutral" rating and a $313.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $307.68.

Insider Buying and Selling

In other Rockwell Automation news, VP Scott Genereux sold 500 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $290.14, for a total value of $145,070.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Isaac Woods sold 895 shares of the business's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $274.72, for a total value of $245,874.40. Following the transaction, the vice president now owns 1,198 shares of the company's stock, valued at approximately $329,114.56. This represents a 42.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,352 shares of company stock valued at $1,246,298. Insiders own 0.68% of the company's stock.

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.