Rockwell Automation, Inc. (NYSE:ROK) Stock Position Raised by Mizuho Securities USA LLC

Mizuho Securities USA LLC increased its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 45.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,700 shares of the industrial products company's stock after buying an additional 3,342 shares during the quarter. Mizuho Securities USA LLC's holdings in Rockwell Automation were worth $3,058,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ROK. West Oak Capital LLC lifted its holdings in Rockwell Automation by 455.6% in 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 period. Bank of Jackson Hole Trust purchased a new stake in Rockwell Automation in the 4th quarter valued at $34,000. SBI Securities Co. Ltd. bought a new position in shares of Rockwell Automation during the fourth quarter valued at about $35,000. Flagship Wealth Advisors LLC purchased a new position in shares of Rockwell Automation in the 4th quarter worth approximately $38,000. Finally, Knuff & Co LLC grew its stake in Rockwell Automation by 41.0% in the 4th quarter. Knuff & Co LLC now owns 141 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 41 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation Stock Down 0.3 %

Shares of ROK stock traded down $0.78 during trading hours on Thursday, reaching $268.50. 1,025,053 shares of the stock were exchanged, compared to its average volume of 821,105. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. Rockwell Automation, Inc. has a 12-month low of $242.81 and a 12-month high of $308.70. The firm has a market capitalization of $30.36 billion, a P/E ratio of 33.44, a P/E/G ratio of 3.53 and a beta of 1.39. The business's fifty day moving average is $279.76 and its two-hundred day moving average is $278.72.

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Rockwell Automation (NYSE:ROK - Get Free Report) last announced its earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. As a group, research analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were issued a $1.31 dividend. This represents a $5.24 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Tuesday, February 18th. Rockwell Automation's dividend payout ratio (DPR) is 65.26%.

Insider Buying and Selling

In related news, VP Scott Genereux sold 500 shares of the company's stock in a transaction 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 sale, the vice president now directly owns 1,905 shares of the company's stock, valued at $552,716.70. This represents a 20.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Isaac Woods sold 876 shares of Rockwell Automation stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $284.03, for a total value of $248,810.28. Following the completion of the transaction, the vice president now owns 1,057 shares of the company's stock, valued at approximately $300,219.71. The trade was a 45.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,352 shares of company stock valued at $1,246,298. 0.68% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wells Fargo & Company raised their target price on Rockwell Automation from $315.00 to $337.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Barclays cut their target price on Rockwell Automation from $285.00 to $280.00 and set an "equal weight" rating for the company in a research note on Wednesday. The Goldman Sachs Group boosted their target price on Rockwell Automation from $257.00 to $290.00 and gave the company a "sell" rating in a research note on Tuesday, February 11th. Oppenheimer raised their price target 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, HSBC raised Rockwell Automation from a "hold" rating to a "buy" rating and set a $355.00 target price on the stock in a research note on Wednesday, December 11th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus 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.