Ilmarinen Mutual Pension Insurance Co Buys 7,000 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Ilmarinen Mutual Pension Insurance Co raised its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 58.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 19,000 shares of the industrial products company's stock after purchasing an additional 7,000 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in Rockwell Automation were worth $5,430,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Russell Investments Group Ltd. lifted its position in shares of Rockwell Automation by 6.6% during the fourth quarter. Russell Investments Group Ltd. now owns 34,990 shares of the industrial products company's stock valued at $9,998,000 after purchasing an additional 2,174 shares in the last quarter. Hemenway Trust Co LLC boosted its stake in shares of Rockwell Automation by 1.3% in the 4th quarter. Hemenway Trust Co LLC now owns 109,227 shares of the industrial products company's stock worth $31,216,000 after buying an additional 1,436 shares during the last quarter. Wedbush Securities Inc. grew its holdings in shares of Rockwell Automation by 3.3% in the fourth quarter. Wedbush Securities Inc. now owns 2,500 shares of the industrial products company's stock valued at $714,000 after acquiring an additional 81 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Rockwell Automation by 180.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 191,139 shares of the industrial products company's stock worth $54,626,000 after acquiring an additional 122,890 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its stake in Rockwell Automation by 280.9% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 9,229 shares of the industrial products company's stock valued at $2,638,000 after purchasing an additional 6,806 shares during the period. 75.75% of the stock is owned by hedge funds and other institutional investors.

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Rockwell Automation Price Performance

NYSE:ROK traded down $1.41 during trading hours on Friday, hitting $228.75. 552,427 shares of the company's stock traded hands, compared to its average volume of 866,420. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $308.70. The business's fifty day simple moving average is $268.95 and its two-hundred day simple moving average is $276.84. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. The firm has a market cap of $25.87 billion, a P/E ratio of 28.55, a P/E/G ratio of 3.53 and a beta of 1.39.

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

Rockwell Automation Announces Dividend

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 2.29%. Rockwell Automation's dividend payout ratio (DPR) is presently 65.26%.

Insider Activity at Rockwell Automation

In related news, VP Terry L. Riesterer sold 850 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total value of $255,178.50. Following the completion of the sale, the vice president now owns 1,633 shares in the company, valued at $490,242.93. The trade was a 34.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Scott Genereux sold 500 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $290.14, for a total transaction of $145,070.00. Following the transaction, the vice president now owns 1,905 shares in the company, valued at $552,716.70. The trade was a 20.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,750 shares of company stock valued at $1,075,923 over the last 90 days. 0.68% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on ROK. JPMorgan Chase & Co. lowered their price objective on shares of Rockwell Automation from $248.00 to $201.00 and set an "underweight" rating on the stock in a research report on Tuesday. Loop Capital upped their price objective on Rockwell Automation from $260.00 to $280.00 and gave the company a "hold" rating in a research note on Tuesday, February 25th. Morgan Stanley raised their target price on Rockwell Automation from $335.00 to $345.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. The Goldman Sachs Group upped 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. Finally, Wells Fargo & Company lifted their price objective on Rockwell Automation from $315.00 to $337.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $300.63.

Rockwell Automation Company 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.