Connor Clark & Lunn Investment Management Ltd. Raises Stake in Rockwell Automation, Inc. (NYSE:ROK)

Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 380.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,399 shares of the industrial products company's stock after acquiring an additional 5,066 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Rockwell Automation were worth $1,829,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ROK. West Oak Capital LLC raised its stake in Rockwell Automation by 455.6% during the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company's stock worth $29,000 after acquiring an additional 82 shares during the period. Darwin Wealth Management LLC bought a new stake in Rockwell Automation during the 3rd quarter worth approximately $34,000. Bank of Jackson Hole Trust bought a new stake in Rockwell Automation during the 4th quarter worth approximately $34,000. SBI Securities Co. Ltd. bought a new stake in Rockwell Automation during the 4th quarter worth approximately $35,000. Finally, Knuff & Co LLC raised its stake in Rockwell Automation by 41.0% during the 4th quarter. Knuff & Co LLC now owns 141 shares of the industrial products company's stock worth $40,000 after acquiring an additional 41 shares during the period. Institutional investors own 75.75% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ROK shares. Barclays cut their target price on shares of Rockwell Automation from $300.00 to $285.00 and set an "equal weight" rating for the company in a report on Monday, March 10th. Loop Capital raised their target price 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 raised shares of Rockwell Automation from a "sector weight" rating to an "overweight" rating and set a $345.00 target price for the company in a report on Monday, December 9th. Wells Fargo & Company raised their target price on shares of Rockwell Automation from $315.00 to $337.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. cut their target price on shares of Rockwell Automation from $245.00 to $240.00 and set an "underweight" rating for the company in a report on Wednesday, January 15th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $307.68.

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Insider Activity

In related news, VP Isaac Woods sold 876 shares of the company's 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 sale, the vice president now owns 1,057 shares in the company, valued at $300,219.71. This represents a 45.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Terry L. Riesterer sold 850 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $300.21, for a total value of $255,178.50. Following the completion of the sale, the vice president now owns 1,633 shares in the company, valued at approximately $490,242.93. This represents a 34.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,352 shares of company stock worth $1,246,298 over the last 90 days. 0.68% of the stock is currently owned by corporate insiders.

Rockwell Automation Stock Up 0.2 %

Shares of ROK stock traded up $0.58 on Friday, hitting $258.67. The stock had a trading volume of 1,197,349 shares, compared to its average volume of 817,976. The company has a market cap of $29.25 billion, a PE ratio of 32.21, 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. The business has a 50 day moving average price of $280.13 and a 200 day moving average price of $278.32. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $308.70.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its earnings results on Monday, February 10th. The industrial products company reported $1.83 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%. Research analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were issued a dividend of $1.31 per share. The ex-dividend date was Tuesday, February 18th. This represents a $5.24 annualized dividend and a dividend yield of 2.03%. Rockwell Automation's dividend payout ratio (DPR) is currently 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.