Granite Investment Partners LLC grew its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 37.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,326 shares of the industrial products company's stock after acquiring an additional 19,755 shares during the quarter. Rockwell Automation comprises 0.9% of Granite Investment Partners LLC's investment portfolio, making the stock its 28th largest position. Granite Investment Partners LLC owned about 0.06% of Rockwell Automation worth $20,670,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Lansdowne Partners UK LLP raised its position in shares of Rockwell Automation by 288.4% during the 4th quarter. Lansdowne Partners UK LLP now owns 6,129 shares of the industrial products company's stock valued at $1,752,000 after buying an additional 4,551 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in Rockwell Automation by 61.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 54,592 shares of the industrial products company's stock valued at $15,603,000 after purchasing an additional 20,751 shares in the last quarter. Sterling Capital Management LLC lifted its stake in Rockwell Automation by 964.4% during the fourth quarter. Sterling Capital Management LLC now owns 199,952 shares of the industrial products company's stock worth $57,144,000 after purchasing an additional 181,166 shares during the last quarter. Heritage Trust Co purchased a new position in shares of Rockwell Automation in the 4th quarter worth about $952,000. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Rockwell Automation by 0.5% during the 4th quarter. Treasurer of the State of North Carolina now owns 51,744 shares of the industrial products company's stock valued at $14,788,000 after buying an additional 240 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors.
Rockwell Automation Stock Up 1.5 %
Shares of ROK traded up $3.40 on Friday, reaching $231.51. The stock had a trading volume of 1,447,309 shares, compared to its average volume of 868,941. 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 12-month low of $215.00 and a 12-month high of $308.70. The firm has a market capitalization of $26.18 billion, a price-to-earnings ratio of 28.83, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. The company has a 50-day simple moving average of $264.46 and a 200-day simple moving average of $275.53.
Rockwell Automation (NYSE:ROK - Get Free Report) last announced 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 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 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 dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Monday, May 19th. Rockwell Automation's dividend payout ratio (DPR) is presently 65.26%.
Insider Buying and Selling at Rockwell Automation
In related news, SVP Matheus De A. G. Viera Bulho sold 293 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $257.68, for a total value of $75,500.24. Following the completion of the transaction, the senior vice president now directly owns 1,922 shares in the company, valued at $495,260.96. The trade was a 13.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tessa M. Myers sold 1,231 shares of the stock in a transaction on Friday, February 28th. The shares were 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 in the company, valued at approximately $1,041,819.50. This represents a 25.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,750 shares of company stock worth $1,075,923. 0.68% of the stock is owned by insiders.
Analyst Ratings Changes
A number of research analysts have commented on ROK shares. Morgan Stanley increased their price target on shares of Rockwell Automation from $335.00 to $345.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Loop Capital lifted their target price on shares of Rockwell Automation from $260.00 to $280.00 and gave the stock a "hold" rating in a research report on Tuesday, February 25th. Stephens upgraded shares of Rockwell Automation from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $275.00 to $350.00 in a research report on Thursday, January 16th. JPMorgan Chase & Co. decreased their price objective on Rockwell Automation from $248.00 to $201.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Finally, KeyCorp dropped their target price on Rockwell Automation from $345.00 to $275.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $297.11.
Get Our Latest Report on ROK
About Rockwell Automation
(
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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