Mirabella Financial Services LLP Purchases New Shares in Rockwell Automation, Inc. (NYSE:ROK)

Mirabella Financial Services LLP bought a new position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,580 shares of the industrial products company's stock, valued at approximately $452,000.

Other large investors also recently modified their holdings of the company. MML Investors Services LLC boosted its stake in shares of Rockwell Automation by 17.2% in the 4th quarter. MML Investors Services LLC now owns 6,394 shares of the industrial products company's stock valued at $1,827,000 after purchasing an additional 939 shares in the last quarter. Natixis bought a new stake in Rockwell Automation during the 4th quarter worth approximately $530,000. MetLife Investment Management LLC raised its stake in shares of Rockwell Automation by 1.2% during the fourth quarter. MetLife Investment Management LLC now owns 30,376 shares of the industrial products company's stock valued at $8,681,000 after acquiring an additional 371 shares during the last quarter. Ossiam grew its position in shares of Rockwell Automation by 482.1% in the 4th quarter. Ossiam now owns 1,560 shares of the industrial products company's stock valued at $446,000 after buying an additional 1,292 shares during the last quarter. Finally, Norinchukin Bank The raised its position in shares of Rockwell Automation by 3.9% during the fourth quarter. Norinchukin Bank The now owns 6,971 shares of the industrial products company's stock worth $1,992,000 after acquiring an additional 259 shares during the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ROK shares. Morgan Stanley increased their price target on Rockwell Automation from $335.00 to $345.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Loop Capital upped their price objective on shares of Rockwell Automation from $260.00 to $280.00 and gave the company a "hold" rating in a report on Tuesday, February 25th. KeyCorp decreased their target price on Rockwell Automation from $345.00 to $275.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. reduced their price target on shares of Rockwell Automation from $248.00 to $201.00 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. Finally, Stephens upgraded shares of Rockwell Automation from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $275.00 to $350.00 in a report on Thursday, January 16th. Three analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Rockwell Automation currently has a consensus rating of "Hold" and a consensus target price of $297.11.

Rockwell Automation Price Performance

NYSE:ROK traded down $0.29 during midday trading on Friday, hitting $248.25. The company had a trading volume of 511,442 shares, compared to its average volume of 869,365. The company has a market capitalization of $28.07 billion, a PE ratio of 30.92, a P/E/G ratio of 3.53 and a beta of 1.39. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 52-week low of $215.00 and a 52-week high of $308.70. The stock's fifty day moving average price is $258.20 and its 200-day moving average price is $274.49.

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 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%. As a group, research analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current 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 issued a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Monday, May 19th. Rockwell Automation's dividend payout ratio is presently 65.26%.

Insiders Place Their Bets

In other Rockwell Automation news, VP Terry L. Riesterer sold 850 shares of the company'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 transaction of $255,178.50. Following the completion of the transaction, the vice president now owns 1,633 shares of the company's stock, valued at $490,242.93. This represents a 34.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Scott Genereux sold 500 shares of Rockwell Automation stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $290.14, for a total value of $145,070.00. Following the completion of the sale, the vice president now owns 1,905 shares in the company, valued at approximately $552,716.70. This represents a 20.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,750 shares of company stock valued at $1,075,923 in the last ninety days. Company insiders own 0.68% of the company's stock.

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.