Rockwell Automation, Inc. (NYSE:ROK) Shares Acquired by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC lifted its position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 280.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,229 shares of the industrial products company's stock after buying an additional 6,806 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC's holdings in Rockwell Automation were worth $2,638,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quantinno Capital Management LP increased its stake in Rockwell Automation by 66.0% during the 3rd quarter. Quantinno Capital Management LP now owns 2,137 shares of the industrial products company's stock worth $574,000 after buying an additional 850 shares during the period. Worldquant Millennium Advisors LLC acquired a new position in Rockwell Automation during the 3rd quarter worth $996,000. Wellington Management Group LLP increased its holdings in Rockwell Automation by 7.3% during the 3rd quarter. Wellington Management Group LLP now owns 789 shares of the industrial products company's stock worth $212,000 after purchasing an additional 54 shares during the period. Kovitz Investment Group Partners LLC boosted its stake in shares of Rockwell Automation by 20.5% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 10,227 shares of the industrial products company's stock valued at $2,746,000 after buying an additional 1,739 shares during the period. Finally, National Bank of Canada FI increased its stake in shares of Rockwell Automation by 92.2% during the third quarter. National Bank of Canada FI now owns 109,349 shares of the industrial products company's stock worth $29,356,000 after buying an additional 52,450 shares during the period. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

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Rockwell Automation Trading Down 0.5 %

Rockwell Automation stock traded down $1.16 during trading on Friday, hitting $229.01. The company's stock had a trading volume of 1,536,472 shares, compared to its average volume of 869,004. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. The stock has a market capitalization of $25.89 billion, a price-to-earnings ratio of 28.52, a P/E/G ratio of 3.53 and a beta of 1.39. The stock's fifty day moving average is $268.12 and its 200 day moving average is $276.67. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $308.70.

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

Rockwell Automation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be issued a dividend of $1.31 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $5.24 annualized dividend and a dividend yield of 2.29%. Rockwell Automation's payout ratio is 65.26%.

Insider Buying and Selling

In related news, VP Terry L. Riesterer sold 850 shares of the firm's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $300.21, for a total transaction of $255,178.50. Following the completion of the sale, the vice president now directly owns 1,633 shares of the company's stock, valued at approximately $490,242.93. This trade represents a 34.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Isaac Woods sold 876 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $284.03, for a total transaction of $248,810.28. Following the completion of the transaction, the vice president now directly owns 1,057 shares of the company's stock, valued at approximately $300,219.71. The trade was a 45.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,750 shares of company stock valued at $1,075,923. Company insiders own 0.68% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on ROK. JPMorgan Chase & Co. decreased their price target on Rockwell Automation from $248.00 to $201.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Citigroup boosted their price objective on Rockwell Automation from $345.00 to $350.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. The Goldman Sachs Group boosted 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 cut their price target on shares of Rockwell Automation from $280.00 to $260.00 and set an "equal weight" rating for the company in a report on Thursday. Finally, KeyCorp reduced 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 analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $300.63.

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.