Invesco Ltd. grew its holdings in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,417,323 shares of the industrial products company's stock after buying an additional 53,287 shares during the period. Invesco Ltd. owned 1.25% of Rockwell Automation worth $405,057,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in ROK. Polymer Capital Management US LLC acquired a new stake in Rockwell Automation during the 4th quarter valued at approximately $2,315,000. Cerity Partners LLC grew its stake in Rockwell Automation by 4.4% in the 4th quarter. Cerity Partners LLC now owns 31,974 shares of the industrial products company's stock valued at $9,048,000 after purchasing an additional 1,348 shares during the period. Ilmarinen Mutual Pension Insurance Co lifted its position in shares of Rockwell Automation by 58.3% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 19,000 shares of the industrial products company's stock worth $5,430,000 after acquiring an additional 7,000 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Rockwell Automation by 6.6% in the 4th quarter. Russell Investments Group Ltd. now owns 34,990 shares of the industrial products company's stock worth $9,998,000 after acquiring an additional 2,174 shares during the last quarter. Finally, Hemenway Trust Co LLC raised its stake in shares of Rockwell Automation by 1.3% during the fourth quarter. Hemenway Trust Co LLC now owns 109,227 shares of the industrial products company's stock worth $31,216,000 after acquiring an additional 1,436 shares in the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.
Rockwell Automation Price Performance
Shares of ROK traded up $3.15 during midday trading on Monday, reaching $232.53. The stock had a trading volume of 254,504 shares, compared to its average volume of 866,654. The company has a market capitalization of $26.29 billion, a P/E ratio of 28.96, a P/E/G ratio of 3.53 and a beta of 1.39. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. The firm's 50 day moving average price is $268.12 and its 200-day moving average price is $276.67. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $308.70.
Rockwell Automation (NYSE:ROK - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 EPS 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%. On average, analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.
Rockwell Automation Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be issued a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Monday, May 19th. Rockwell Automation's dividend payout ratio is 65.26%.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on ROK. Oppenheimer boosted their price objective on shares of Rockwell Automation from $300.00 to $320.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. KeyCorp lowered their price objective on Rockwell Automation from $345.00 to $275.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Citigroup lifted their target price on Rockwell Automation from $345.00 to $350.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Barclays decreased their price objective on Rockwell Automation from $280.00 to $260.00 and set an "equal weight" rating on the stock in a research report on Thursday. Finally, Robert W. Baird boosted their price objective on Rockwell Automation from $305.00 to $315.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Rockwell Automation presently has a consensus rating of "Hold" and a consensus target price of $300.63.
Read Our Latest Research Report on ROK
Insider Activity at Rockwell Automation
In other news, SVP Matheus De A. G. Viera Bulho sold 293 shares of Rockwell Automation stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $257.68, for a total transaction of $75,500.24. Following the completion of the sale, the senior vice president now owns 1,922 shares of the company's stock, valued at approximately $495,260.96. This trade represents a 13.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Terry L. Riesterer sold 850 shares of the 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 sale, the vice president now directly owns 1,633 shares in the company, valued at $490,242.93. This represents a 34.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,750 shares of company stock worth $1,075,923 over the last 90 days. Insiders own 0.68% of the company's stock.
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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