Erste Asset Management GmbH Buys New Position in Rockwell Automation, Inc. (NYSE:ROK)

Erste Asset Management GmbH purchased a new stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 20,047 shares of the industrial products company's stock, valued at approximately $5,824,000.

A number of other institutional investors have also made changes to their positions in ROK. Amundi boosted its position in Rockwell Automation by 26.2% during the 4th quarter. Amundi now owns 2,073,594 shares of the industrial products company's stock valued at $580,095,000 after purchasing an additional 430,498 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Rockwell Automation by 33.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company's stock worth $417,802,000 after acquiring an additional 390,784 shares during the period. Proficio Capital Partners LLC acquired a new position in Rockwell Automation during the 4th quarter worth $56,887,000. Raymond James Financial Inc. acquired a new position in Rockwell Automation during the 4th quarter worth $32,532,000. Finally, DAVENPORT & Co LLC boosted its position in Rockwell Automation by 27.9% during the 4th quarter. DAVENPORT & Co LLC now owns 408,336 shares of the industrial products company's stock worth $116,682,000 after acquiring an additional 88,962 shares during the period. 75.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on ROK. Morgan Stanley boosted their price target on Rockwell Automation from $335.00 to $345.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. reduced their price target 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. Oppenheimer boosted their price objective on Rockwell Automation from $300.00 to $320.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. KeyCorp raised Rockwell Automation from a "sector weight" rating to an "overweight" rating and set a $345.00 price objective on the stock in a research note on Monday, December 9th. Finally, The Goldman Sachs Group boosted their price objective on Rockwell Automation from $257.00 to $290.00 and gave the stock a "sell" rating in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Rockwell Automation currently has an average rating of "Hold" and a consensus price target of $307.68.

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Insider Transactions at Rockwell Automation

In other news, VP Isaac Woods sold 895 shares of the company's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $274.72, for a total transaction of $245,874.40. Following the completion of the sale, the vice president now owns 1,198 shares in the company, valued at approximately $329,114.56. This represents a 42.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 sale, the senior vice president now owns 3,650 shares of the company's stock, valued at approximately $1,041,819.50. This trade represents a 25.22 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,352 shares of company stock worth $1,246,298. 0.68% of the stock is owned by corporate insiders.

Rockwell Automation Stock Down 1.5 %

NYSE:ROK traded down $3.97 during trading hours on Tuesday, hitting $258.02. 775,830 shares of the company's stock traded hands, compared to its average volume of 824,693. The stock's fifty day moving average price is $281.71 and its two-hundred day moving average price is $278.78. 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 twelve month low of $242.81 and a twelve month high of $308.70. The firm has a market cap of $29.18 billion, a P/E ratio of 32.13, a P/E/G ratio of 3.53 and a beta of 1.39.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its earnings results on Monday, February 10th. The industrial products company reported $1.83 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%. On average, research analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share 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 paid a dividend of $1.31 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $5.24 annualized dividend and a dividend yield of 2.03%. Rockwell Automation's dividend payout ratio (DPR) is presently 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.