Hel Ved Capital Management Ltd Takes Position in Rockwell Automation, Inc. (NYSE:ROK)

Hel Ved Capital Management Ltd purchased a new position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 36,600 shares of the industrial products company's stock, valued at approximately $10,460,000. Rockwell Automation comprises about 3.1% of Hel Ved Capital Management Ltd's portfolio, making the stock its 8th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MCF Advisors LLC lifted its holdings in Rockwell Automation by 95.8% in the 4th quarter. MCF Advisors LLC now owns 2,332 shares of the industrial products company's stock worth $667,000 after buying an additional 1,141 shares in the last quarter. Ameritas Advisory Services LLC grew its holdings in shares of Rockwell Automation by 99.1% during the fourth quarter. Ameritas Advisory Services LLC now owns 5,187 shares of the industrial products company's stock valued at $1,482,000 after purchasing an additional 2,582 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Rockwell Automation by 6.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 34,209 shares of the industrial products company's stock worth $9,184,000 after buying an additional 1,928 shares during the period. Nordea Investment Management AB lifted its position in Rockwell Automation by 5.9% in the 4th quarter. Nordea Investment Management AB now owns 462,537 shares of the industrial products company's stock valued at $132,554,000 after purchasing an additional 25,882 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Rockwell Automation by 7.3% during the third quarter. Wellington Management Group LLP now owns 789 shares of the industrial products company's stock worth $212,000 after buying an additional 54 shares during the period. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ROK shares. Stephens raised Rockwell Automation from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $275.00 to $350.00 in a research note on Thursday, January 16th. KeyCorp lowered their price target on Rockwell Automation from $345.00 to $275.00 and set an "overweight" rating for the company in a research note on Tuesday. Wells Fargo & Company upped their price target on Rockwell Automation from $315.00 to $337.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. cut their target price on shares of Rockwell Automation from $248.00 to $201.00 and set an "underweight" rating for the company in a research report on Tuesday. Finally, Citigroup increased their price objective on Rockwell Automation from $345.00 to $350.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Rockwell Automation currently has a consensus rating of "Hold" and an average price target of $300.63.

Rockwell Automation Stock Down 5.9 %

NYSE ROK traded down $14.24 on Thursday, reaching $228.19. The company had a trading volume of 546,612 shares, compared to its average volume of 916,065. Rockwell Automation, Inc. has a 52-week low of $215.00 and a 52-week high of $308.70. The stock has a market capitalization of $25.80 billion, a P/E ratio of 28.42, a P/E/G ratio of 3.53 and a beta of 1.39. The company's fifty day moving average is $269.77 and its 200 day moving average is $277.06. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72.

Rockwell Automation (NYSE:ROK - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share 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 anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Monday, May 19th. This represents a $5.24 annualized dividend and a yield of 2.30%. Rockwell Automation's dividend payout ratio (DPR) is presently 65.26%.

Insider Activity at Rockwell Automation

In other news, SVP Tessa M. Myers sold 1,231 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $285.43, for a total transaction of $351,364.33. Following the completion of the transaction, the senior vice president now directly owns 3,650 shares of the company's stock, valued at approximately $1,041,819.50. This represents a 25.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Isaac Woods sold 895 shares of the firm'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 of the company's stock, valued at $329,114.56. This trade represents a 42.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,645 shares of company stock valued at $1,321,798. Corporate insiders own 0.68% of the company's stock.

About Rockwell Automation

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.