Madison Investment Advisors LLC Invests $13.66 Million in Rockwell Automation, Inc. (NYSE:ROK)

Madison Investment Advisors LLC purchased a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 47,812 shares of the industrial products company's stock, valued at approximately $13,664,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. West Oak Capital LLC grew its stake in shares of Rockwell Automation by 455.6% in the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company's stock worth $29,000 after acquiring an additional 82 shares in the last quarter. Darwin Wealth Management LLC purchased a new stake in shares of Rockwell Automation during the 3rd quarter valued at $34,000. Bank of Jackson Hole Trust purchased a new position in shares of Rockwell Automation in the 4th quarter worth about $34,000. SBI Securities Co. Ltd. bought a new position in shares of Rockwell Automation during the 4th quarter valued at approximately $35,000. Finally, Knuff & Co LLC increased its stake in shares of Rockwell Automation by 41.0% during the 4th quarter. Knuff & Co LLC now owns 141 shares of the industrial products company's stock worth $40,000 after purchasing an additional 41 shares during the last quarter. 75.75% of the stock is owned by institutional investors.

Insider Buying and Selling at Rockwell Automation

In related news, VP Isaac Woods sold 895 shares of Rockwell Automation stock in a transaction on Friday, January 10th. The shares were sold at an average price of $274.72, for a total transaction of $245,874.40. Following the transaction, the vice president now owns 1,198 shares in the company, valued at approximately $329,114.56. The trade was a 42.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Tessa M. Myers sold 1,231 shares of Rockwell Automation stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $285.43, for a total transaction of $351,364.33. Following the sale, the senior vice president now owns 3,650 shares in the company, valued at $1,041,819.50. This represents a 25.22 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 4,352 shares of company stock worth $1,246,298. Insiders own 0.68% of the company's stock.

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Rockwell Automation Stock Down 1.4 %

NYSE ROK traded down $3.80 during trading on Wednesday, reaching $269.06. 769,192 shares of the company's stock were exchanged, compared to its average volume of 819,485. 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 company has a 50 day moving average price of $279.89 and a two-hundred day moving average price of $278.79. The stock has a market cap of $30.42 billion, a P/E ratio of 33.51, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a 1 year low of $242.81 and a 1 year high of $308.70.

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

Rockwell Automation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were given a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Tuesday, February 18th. Rockwell Automation's dividend payout ratio is presently 65.26%.

Analyst Ratings Changes

A number of research firms recently weighed in on ROK. BNP Paribas lowered shares of Rockwell Automation from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 11th. KeyCorp raised shares of Rockwell Automation from a "sector weight" rating to an "overweight" rating and set a $345.00 price target on the stock in a report on Monday, December 9th. JPMorgan Chase & Co. reduced their target price on Rockwell Automation from $245.00 to $240.00 and set an "underweight" rating for the company in a research report on Wednesday, January 15th. Oppenheimer lifted their price objective on shares of Rockwell Automation from $300.00 to $320.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Finally, Loop Capital increased their target price on Rockwell Automation from $260.00 to $280.00 and gave the company a "hold" rating in a report on Tuesday, February 25th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $307.42.

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.