Lbp Am Sa Takes $5.67 Million Position in Rockwell Automation, Inc. (NYSE:ROK)

LBP AM SA acquired a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 19,846 shares of the industrial products company's stock, valued at approximately $5,672,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ROK. Ashton Thomas Securities LLC bought a new position in shares of Rockwell Automation during the third quarter valued at about $26,000. West Oak Capital LLC grew its stake in shares of Rockwell Automation by 455.6% during the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company's stock valued at $29,000 after buying an additional 82 shares during the last quarter. Darwin Wealth Management LLC bought a new position in shares of Rockwell Automation during the third quarter valued at about $34,000. Bank of Jackson Hole Trust bought a new position in shares of Rockwell Automation during the fourth quarter valued at about $34,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Rockwell Automation during the fourth quarter valued at about $35,000. 75.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ROK shares. JPMorgan Chase & Co. reduced their price objective on Rockwell Automation from $245.00 to $240.00 and set an "underweight" rating on the stock in a research note on Wednesday, January 15th. Stephens upgraded Rockwell Automation from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $275.00 to $350.00 in a report on Thursday, January 16th. Loop Capital boosted their price target on Rockwell Automation from $260.00 to $280.00 and gave the company a "hold" rating in a report on Tuesday, February 25th. HSBC upgraded Rockwell Automation from a "hold" rating to a "buy" rating and set a $355.00 price target on the stock in a report on Wednesday, December 11th. Finally, Oppenheimer boosted their price target on Rockwell Automation from $300.00 to $320.00 and gave the company an "outperform" rating in a 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 given a buy rating to the stock. According to MarketBeat, Rockwell Automation presently has a consensus rating of "Hold" and an average target price of $307.68.

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Insider Transactions at Rockwell Automation

In related news, VP Isaac Woods sold 895 shares of the company's 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 transaction, the vice president now directly owns 1,198 shares of the company's stock, valued at approximately $329,114.56. This represents a 42.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Scott Genereux sold 500 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $290.14, for a total value of $145,070.00. Following the completion of the transaction, the vice president now directly owns 1,905 shares in the company, valued at $552,716.70. This trade represents 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 4,352 shares of company stock valued at $1,246,298 in the last ninety days. 0.68% of the stock is currently owned by corporate insiders.

Rockwell Automation Stock Up 0.8 %

Shares of ROK traded up $2.06 during mid-day trading on Wednesday, reaching $260.19. The company had a trading volume of 774,177 shares, compared to its average volume of 825,451. 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 firm has a 50-day moving average price of $281.24 and a 200 day moving average price of $278.68. Rockwell Automation, Inc. has a 52 week low of $242.81 and a 52 week high of $308.70. The company has a market capitalization of $29.42 billion, a price-to-earnings ratio of 32.40, a price-to-earnings-growth 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 analysts' consensus estimates 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, sell-side analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were given a $1.31 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.01%. Rockwell Automation's dividend payout ratio is currently 65.26%.

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.