KLP Kapitalforvaltning AS Acquires New Position in Rockwell Automation, Inc. (NYSE:ROK)

KLP Kapitalforvaltning AS purchased a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 38,570 shares of the industrial products company's stock, valued at approximately $11,023,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Great Valley Advisor Group Inc. raised its position in Rockwell Automation by 2.2% in the third quarter. Great Valley Advisor Group Inc. now owns 1,928 shares of the industrial products company's stock valued at $518,000 after purchasing an additional 42 shares during the period. Cerity Partners LLC lifted its stake in Rockwell Automation by 2.3% during the 3rd quarter. Cerity Partners LLC now owns 30,626 shares of the industrial products company's stock worth $8,222,000 after acquiring an additional 676 shares in the last quarter. Larson Financial Group LLC grew its position in Rockwell Automation by 70.7% in the 3rd quarter. Larson Financial Group LLC now owns 601 shares of the industrial products company's stock valued at $161,000 after acquiring an additional 249 shares in the last quarter. Centaurus Financial Inc. lifted its position in shares of Rockwell Automation by 1.3% during the third quarter. Centaurus Financial Inc. now owns 6,994 shares of the industrial products company's stock worth $1,877,000 after purchasing an additional 91 shares in the last quarter. Finally, Summit Trail Advisors LLC boosted its position in Rockwell Automation by 6.4% in the 3rd quarter. Summit Trail Advisors LLC now owns 1,725 shares of the industrial products company's stock valued at $463,000 after buying an additional 103 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

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Rockwell Automation Trading Down 0.2 %

NYSE:ROK traded down $0.64 during mid-day trading on Thursday, reaching $268.64. The company's stock had a trading volume of 375,853 shares, compared to its average volume of 818,592. Rockwell Automation, Inc. has a twelve month low of $242.81 and a twelve month high of $308.70. The company's fifty day simple moving average is $279.76 and its two-hundred day simple moving average is $278.72. 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 stock has a market cap of $30.38 billion, a P/E ratio of 33.45, 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 results 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 net margin of 11.38% and a return on equity of 30.17%. On average, equities 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 was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were paid a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Tuesday, February 18th. Rockwell Automation's dividend payout ratio is presently 65.26%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Oppenheimer lifted their price target on shares of Rockwell Automation from $300.00 to $320.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Stephens raised Rockwell Automation from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $275.00 to $350.00 in a report on Thursday, January 16th. KeyCorp raised Rockwell Automation from a "sector weight" rating to an "overweight" rating and set a $345.00 target price on the stock in a research report on Monday, December 9th. Jefferies Financial Group upgraded shares of Rockwell Automation from a "hold" rating to a "buy" rating and increased their price target for the company from $290.00 to $350.00 in a research note on Thursday, December 12th. Finally, Citigroup increased their target price on shares of 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 assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Rockwell Automation currently has an average rating of "Hold" and an average price target of $307.42.

Insider Buying and Selling

In related news, VP Terry L. Riesterer sold 850 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total value of $255,178.50. Following the transaction, the vice president now owns 1,633 shares in the company, valued at approximately $490,242.93. The trade was a 34.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Isaac Woods sold 895 shares of Rockwell Automation stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $274.72, for a total value of $245,874.40. Following the sale, the vice president now owns 1,198 shares in the company, valued at $329,114.56. This 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 sold 4,352 shares of company stock valued at $1,246,298. Company insiders own 0.68% of the company's stock.

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.