Fisher Asset Management LLC Has $197.18 Million Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Fisher Asset Management LLC lifted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 689,929 shares of the industrial products company's stock after purchasing an additional 19,912 shares during the quarter. Fisher Asset Management LLC owned about 0.61% of Rockwell Automation worth $197,175,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ROK. Accredited Investors Inc. increased its position in Rockwell Automation by 162,058.5% in the 3rd quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company's stock valued at $318,227,000 after acquiring an additional 1,184,648 shares during the period. Charles Schwab Investment Management Inc. increased its position in Rockwell Automation by 33.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company's stock valued at $417,802,000 after acquiring an additional 390,784 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Rockwell Automation during the 4th quarter valued at $56,887,000. DAVENPORT & Co LLC increased its position in shares of Rockwell Automation by 27.9% during the 4th quarter. DAVENPORT & Co LLC now owns 408,336 shares of the industrial products company's stock valued at $116,682,000 after purchasing an additional 88,962 shares during the period. Finally, Truist Financial Corp increased its position in shares of Rockwell Automation by 229.5% during the 4th quarter. Truist Financial Corp now owns 102,347 shares of the industrial products company's stock valued at $29,250,000 after purchasing an additional 71,288 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

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Rockwell Automation Stock Up 2.2 %

NYSE ROK traded up $5.92 during trading on Wednesday, hitting $273.79. 744,139 shares of the company traded hands, compared to its average volume of 828,352. Rockwell Automation, Inc. has a 12 month low of $242.81 and a 12 month high of $308.70. The business has a fifty day simple moving average of $284.98 and a 200 day simple moving average of $278.70. 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 company has a market capitalization of $30.96 billion, a P/E ratio of 34.10, a PEG ratio of 3.53 and a beta of 1.39.

Rockwell Automation (NYSE:ROK - Get Free Report) last posted its earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, beating the consensus estimate 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 predict that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Tuesday, February 18th. Rockwell Automation's payout ratio is 65.26%.

Analyst Upgrades and Downgrades

ROK has been the topic of several research analyst reports. Robert W. Baird lifted their price target on Rockwell Automation from $305.00 to $315.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Citigroup lifted their price target on Rockwell Automation from $345.00 to $350.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. The Goldman Sachs Group lifted their price target on Rockwell Automation from $257.00 to $290.00 and gave the company a "sell" rating in a research report on Tuesday, February 11th. Barclays lifted their price target on Rockwell Automation from $285.00 to $300.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 11th. Finally, Loop Capital raised their price objective on Rockwell Automation from $260.00 to $280.00 and gave the stock a "hold" rating in a research note on Tuesday, February 25th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $307.55.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP Scott Genereux sold 279 shares of Rockwell Automation stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $296.13, for a total transaction of $82,620.27. Following the sale, the vice president now directly owns 2,891 shares of the company's stock, valued at approximately $856,111.83. The trade was a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Blake D. Moret sold 1,741 shares of Rockwell Automation stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $296.67, for a total value of $516,502.47. Following the sale, the chief executive officer now directly owns 80,309 shares in the company, valued at $23,825,271.03. The trade was a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,147 shares of company stock valued at $2,680,378. 0.68% of the stock is currently owned by corporate insiders.

Rockwell Automation 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.