NewEdge Advisors LLC Grows Stock Holdings in Rockwell Automation, Inc. (NYSE:ROK)

NewEdge Advisors LLC raised its holdings in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 87.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,998 shares of the industrial products company's stock after purchasing an additional 16,296 shares during the period. NewEdge Advisors LLC's holdings in Rockwell Automation were worth $10,002,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Rockwell Automation by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 13,876,530 shares of the industrial products company's stock worth $3,965,774,000 after acquiring an additional 81,079 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Rockwell Automation by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 2,734,430 shares of the industrial products company's stock valued at $779,426,000 after acquiring an additional 51,228 shares during the last quarter. Amundi grew its holdings in shares of Rockwell Automation by 26.2% in the fourth quarter. Amundi now owns 2,073,594 shares of the industrial products company's stock valued at $580,095,000 after purchasing an additional 430,498 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Rockwell Automation by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,570,036 shares of the industrial products company's stock worth $448,701,000 after purchasing an additional 13,744 shares during the period. Finally, Invesco Ltd. boosted its holdings in Rockwell Automation by 3.9% in the 4th quarter. Invesco Ltd. now owns 1,417,323 shares of the industrial products company's stock valued at $405,057,000 after purchasing an additional 53,287 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other 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 transaction of $145,070.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Matheus De A. G. Viera Bulho sold 293 shares of Rockwell Automation stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $257.68, for a total value of $75,500.24. Following the transaction, the senior vice president now directly owns 1,922 shares of the company's stock, valued at approximately $495,260.96. This represents a 13.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,750 shares of company stock valued at $1,075,923. Insiders own 0.68% of the company's stock.

Analyst Ratings Changes

ROK has been the topic of several analyst reports. Loop Capital lifted their price target on shares of Rockwell Automation from $260.00 to $280.00 and gave the company a "hold" rating in a research report on Tuesday, February 25th. Morgan Stanley upped their price target on Rockwell Automation from $335.00 to $345.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Barclays cut their price objective on Rockwell Automation from $280.00 to $260.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. KeyCorp decreased their target price on shares of Rockwell Automation from $345.00 to $275.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Oppenheimer lifted their price target on shares of Rockwell Automation from $300.00 to $320.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $297.11.

Rockwell Automation Stock Up 3.1 %

NYSE ROK traded up $7.24 on Wednesday, hitting $241.66. 340,918 shares of the stock were exchanged, compared to its average volume of 867,355. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $308.70. The company has a 50-day moving average price of $260.22 and a 200-day moving average price of $274.86. The company has a market cap of $27.33 billion, a PE ratio of 30.09, a PEG 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 (NYSE:ROK - Get Free Report) last posted its earnings results on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. Sell-side analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be given a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Monday, May 19th. Rockwell Automation's dividend payout ratio (DPR) 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.