Rockwell Automation, Inc. (NYSE:ROK) Shares Acquired by Lansdowne Partners UK LLP

Lansdowne Partners UK LLP raised its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 288.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,129 shares of the industrial products company's stock after purchasing an additional 4,551 shares during the quarter. Rockwell Automation comprises 0.1% of Lansdowne Partners UK LLP's holdings, making the stock its 16th biggest position. Lansdowne Partners UK LLP's holdings in Rockwell Automation were worth $1,752,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Rockwell Automation in the 4th quarter valued at $284,177,000. Wellington Management Group LLP increased its holdings in shares of Rockwell Automation by 85,513.1% in the fourth quarter. Wellington Management Group LLP now owns 675,487 shares of the industrial products company's stock valued at $193,047,000 after purchasing an additional 674,698 shares during the period. Alliancebernstein L.P. raised its stake in shares of Rockwell Automation by 102.3% in the fourth quarter. Alliancebernstein L.P. now owns 1,287,731 shares of the industrial products company's stock worth $368,021,000 after purchasing an additional 651,116 shares during the last quarter. Amundi lifted its holdings in shares of Rockwell Automation by 26.2% during the fourth quarter. Amundi now owns 2,073,594 shares of the industrial products company's stock worth $580,095,000 after purchasing an additional 430,498 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in Rockwell Automation in the fourth quarter valued at approximately $56,887,000. Hedge funds and other institutional investors own 75.75% of the company's stock.

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Insider Transactions at Rockwell Automation

In other Rockwell Automation news, VP Terry L. Riesterer sold 850 shares of the 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 sale, the vice president now directly owns 1,633 shares of the company's stock, valued at approximately $490,242.93. This trade represents a 34.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Matheus De A. G. Viera Bulho sold 293 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $257.68, for a total value of $75,500.24. Following the completion of the transaction, the senior vice president now directly owns 1,922 shares in the company, valued at approximately $495,260.96. The trade was a 13.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,750 shares of company stock worth $1,075,923. Company insiders own 0.68% of the company's stock.

Rockwell Automation Stock Down 0.2 %

NYSE:ROK traded down $0.45 during midday trading on Tuesday, reaching $232.97. The company had a trading volume of 810,585 shares, compared to its average volume of 867,619. 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 firm has a market capitalization of $26.34 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 3.53 and a beta of 1.39. The stock's fifty day simple moving average is $266.68 and its 200-day simple moving average is $276.11. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $308.70.

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

Rockwell Automation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be issued a $1.31 dividend. The ex-dividend date is Monday, May 19th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.25%. Rockwell Automation's payout ratio is 65.26%.

Analysts Set New Price Targets

Several brokerages have commented on ROK. Barclays decreased their price objective on shares of Rockwell Automation from $280.00 to $260.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Wells Fargo & Company upped their price target 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. Robert W. Baird lifted their price objective on Rockwell Automation from $305.00 to $315.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Oppenheimer upped their target price on Rockwell Automation from $300.00 to $320.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Finally, Citigroup reduced their price target on Rockwell Automation from $350.00 to $283.00 and set a "buy" rating for the company in a research report on Monday. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $297.11.

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.