Myriad Asset Management US LP Makes New Investment in Rockwell Automation, Inc. (NYSE:ROK)

Myriad Asset Management US LP purchased a new stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 5,778 shares of the industrial products company's stock, valued at approximately $1,651,000. Rockwell Automation comprises 1.1% of Myriad Asset Management US LP's holdings, making the stock its 26th largest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp increased its stake in shares of Rockwell Automation by 0.3% during the 3rd quarter. State Street Corp now owns 4,648,137 shares of the industrial products company's stock worth $1,247,839,000 after purchasing an additional 11,949 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Rockwell Automation by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,683,202 shares of the industrial products company's stock valued at $717,865,000 after purchasing an additional 14,040 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Rockwell Automation by 33.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company's stock valued at $417,802,000 after purchasing an additional 390,784 shares during the period. Accredited Investors Inc. boosted its holdings in Rockwell Automation by 162,058.5% in the 3rd quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company's stock valued at $318,227,000 after purchasing an additional 1,184,648 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Rockwell Automation by 6.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,811 shares of the industrial products company's stock worth $303,041,000 after acquiring an additional 67,684 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Rockwell Automation

In related news, CEO Blake D. Moret sold 26,700 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $298.63, for a total value of $7,973,421.00. Following the transaction, the chief executive officer now owns 78,115 shares of the company's stock, valued at approximately $23,327,482.45. This trade represents a 25.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Terry L. Riesterer sold 850 shares of the firm'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 directly owns 1,633 shares in the company, valued at approximately $490,242.93. The trade was a 34.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,240 shares of company stock valued at $10,800,555 in the last three months. 0.68% of the stock is currently owned by company insiders.

Rockwell Automation Price Performance

Rockwell Automation stock traded down $1.88 during mid-day trading on Wednesday, hitting $299.27. 662,028 shares of the company traded hands, compared to its average volume of 849,123. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $308.70. The stock has a market cap of $33.84 billion, a price-to-earnings ratio of 37.27, a price-to-earnings-growth ratio of 3.18 and a beta of 1.35. 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 stock has a fifty day moving average price of $286.32 and a 200-day moving average price of $276.50.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its quarterly earnings data 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 net margin of 11.38% and a return on equity of 30.17%. On average, equities analysts predict that Rockwell Automation, Inc. will post 9.28 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be given a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Tuesday, February 18th. Rockwell Automation's payout ratio is currently 65.26%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ROK shares. Barclays upped their price objective on shares of Rockwell Automation from $285.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. Robert W. Baird upped their price target on shares of Rockwell Automation from $305.00 to $315.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. decreased their price objective on shares of 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 increased their target price 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. Finally, Jefferies Financial Group raised shares of Rockwell Automation from a "hold" rating to a "buy" rating and raised their price objective for the company from $290.00 to $350.00 in a research note on Thursday, December 12th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $308.05.

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.