Geode Capital Management LLC boosted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,734,430 shares of the industrial products company's stock after purchasing an additional 51,228 shares during the quarter. Geode Capital Management LLC owned 2.42% of Rockwell Automation worth $779,426,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of ROK. Tradewinds LLC. raised its position in shares of Rockwell Automation by 10.0% during the fourth quarter. Tradewinds LLC. now owns 20,036 shares of the industrial products company's stock valued at $6,077,000 after buying an additional 1,817 shares during the last quarter. HighPoint Advisor Group LLC raised its holdings in Rockwell Automation by 9.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 5,570 shares of the industrial products company's stock valued at $1,690,000 after acquiring an additional 499 shares in the last quarter. Rodgers Brothers Inc. raised its holdings in Rockwell Automation by 2.0% in the 4th quarter. Rodgers Brothers Inc. now owns 46,293 shares of the industrial products company's stock valued at $13,230,000 after acquiring an additional 913 shares in the last quarter. Seven Mile Advisory lifted its position in shares of Rockwell Automation by 7.2% in the 4th quarter. Seven Mile Advisory now owns 859 shares of the industrial products company's stock worth $245,000 after acquiring an additional 58 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in shares of Rockwell Automation by 102.3% during the 4th quarter. Alliancebernstein L.P. now owns 1,287,731 shares of the industrial products company's stock worth $368,021,000 after purchasing an additional 651,116 shares in the last quarter. 75.75% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other news, VP Terry L. Riesterer sold 850 shares of the company's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total transaction of $255,178.50. Following the transaction, the vice president now owns 1,633 shares of the company's stock, valued at $490,242.93. This represents a 34.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Isaac Woods sold 895 shares of the firm's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $274.72, for a total value of $245,874.40. Following the completion of the transaction, 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 4,352 shares of company stock valued at $1,246,298. 0.68% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of brokerages recently commented on ROK. Loop Capital upped their target price on Rockwell Automation from $260.00 to $280.00 and gave the company a "hold" rating in a research note on Tuesday, February 25th. The Goldman Sachs Group increased their price objective on shares of Rockwell Automation from $257.00 to $290.00 and gave the company a "sell" rating in a research note 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 research report on Monday, December 9th. Jefferies Financial Group raised shares of Rockwell Automation from a "hold" rating to a "buy" rating and increased their price target for the stock from $290.00 to $350.00 in a research report on Thursday, December 12th. Finally, HSBC raised Rockwell Automation from a "hold" rating to a "buy" rating and set a $355.00 price objective on the stock in a report on Wednesday, December 11th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $307.42.
Read Our Latest Research Report on ROK
Rockwell Automation Price Performance
Shares of NYSE:ROK traded down $11.91 during midday trading on Friday, reaching $227.25. The company's stock had a trading volume of 1,585,217 shares, compared to its average volume of 852,958. The business's fifty day simple moving average is $274.90 and its 200-day simple moving average is $278.24. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. Rockwell Automation, Inc. has a fifty-two week low of $218.78 and a fifty-two week high of $308.70. The company has a market capitalization of $25.70 billion, a P/E ratio of 28.30, a P/E/G ratio of 3.53 and a beta of 1.39.
Rockwell Automation (NYSE:ROK - Get Free Report) last posted its quarterly earnings data 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 net margin of 11.38% and a return on equity of 30.17%. As a group, equities research analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.
Rockwell Automation Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be given a $1.31 dividend. This represents a $5.24 annualized dividend and a yield of 2.31%. The ex-dividend date is Monday, May 19th. Rockwell Automation's dividend payout ratio (DPR) is presently 65.26%.
Rockwell Automation Company Profile
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Free Report)
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.
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