3,730 Shares in Rockwell Automation, Inc. (NYSE:ROK) Acquired by OFI Invest Asset Management

OFI Invest Asset Management acquired a new position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,730 shares of the industrial products company's stock, valued at approximately $1,029,000.

Several other hedge funds have also bought and sold shares of ROK. Prospera Financial Services Inc boosted its position in shares of Rockwell Automation by 0.9% in the 3rd quarter. Prospera Financial Services Inc now owns 4,033 shares of the industrial products company's stock worth $1,083,000 after purchasing an additional 37 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in Rockwell Automation by 0.9% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company's stock worth $1,199,000 after acquiring an additional 38 shares in the last quarter. Lake Street Advisors Group LLC grew its stake in shares of Rockwell Automation by 3.0% in the fourth quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company's stock worth $386,000 after acquiring an additional 39 shares during the last quarter. Fortitude Advisory Group L.L.C. increased its holdings in shares of Rockwell Automation by 3.8% during the fourth quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company's stock valued at $309,000 after acquiring an additional 40 shares in the last quarter. Finally, Great Valley Advisor Group Inc. raised its position in shares of Rockwell Automation by 2.2% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,928 shares of the industrial products company's stock worth $518,000 after purchasing an additional 42 shares during the last quarter. Institutional investors own 75.75% of the company's stock.

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Wall Street Analyst Weigh In

A number of analysts have weighed in on ROK shares. The Goldman Sachs Group raised their price objective on shares of Rockwell Automation from $257.00 to $290.00 and gave the company a "sell" rating in a research note on Tuesday, February 11th. Loop Capital boosted their price objective on shares of Rockwell Automation from $260.00 to $280.00 and gave the stock a "hold" rating in a report on Tuesday, February 25th. Morgan Stanley upped their price objective on Rockwell Automation from $335.00 to $345.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. UBS Group assumed coverage on Rockwell Automation in a report on Wednesday, November 13th. They issued a "neutral" rating and a $313.00 target price for the company. Finally, Barclays lowered their price target on Rockwell Automation from $300.00 to $285.00 and set an "equal weight" rating on the stock in a report on Monday. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $307.68.

Insiders Place Their Bets

In other news, VP Scott Genereux sold 500 shares of Rockwell Automation stock in a transaction dated Monday, March 3rd. The stock was 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 approximately $552,716.70. The trade was a 20.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Isaac Woods sold 895 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $274.72, for a total value of $245,874.40. Following the transaction, the vice president now directly owns 1,198 shares of the company's stock, valued at approximately $329,114.56. The trade was a 42.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,352 shares of company stock worth $1,246,298. Corporate insiders own 0.68% of the company's stock.

Rockwell Automation Stock Performance

NYSE ROK traded down $6.68 on Thursday, hitting $255.30. 599,437 shares of the company traded hands, compared to its average volume of 828,545. The business's 50 day moving average price is $283.06 and its 200-day moving average price is $278.81. Rockwell Automation, Inc. has a 52-week low of $242.81 and a 52-week high of $308.70. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $28.87 billion, a price-to-earnings ratio of 31.79, a P/E/G ratio of 3.53 and a beta of 1.39.

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 (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%. Equities analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were paid a $1.31 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a yield of 2.05%. Rockwell Automation's payout ratio is presently 65.26%.

Rockwell Automation 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.