Rockwell Automation, Inc. (NYSE:ROK) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 28.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,037 shares of the industrial products company's stock after acquiring an additional 1,779 shares during the quarter. Tower Research Capital LLC TRC's holdings in Rockwell Automation were worth $2,297,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. West Oak Capital LLC lifted its stake in shares of 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 purchasing an additional 82 shares during the period. Bank of Jackson Hole Trust acquired a new position in Rockwell Automation in the fourth quarter valued at $34,000. SBI Securities Co. Ltd. purchased a new position in Rockwell Automation during the fourth quarter worth about $35,000. Flagship Wealth Advisors LLC acquired a new stake in Rockwell Automation in the 4th quarter worth about $38,000. Finally, Knuff & Co LLC grew its holdings in Rockwell Automation by 41.0% in the 4th quarter. Knuff & Co LLC now owns 141 shares of the industrial products company's stock valued at $40,000 after buying an additional 41 shares during the period. 75.75% of the stock is owned by hedge funds and other institutional investors.

Rockwell Automation Price Performance

ROK opened at $234.20 on Wednesday. Rockwell Automation, Inc. has a twelve month low of $215.00 and a twelve month high of $308.70. The firm has a market cap of $26.48 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 3.53 and a beta of 1.39. 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 fifty day simple moving average of $260.22 and a 200 day simple moving average of $274.86.

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

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be given a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Monday, May 19th. Rockwell Automation's payout ratio is 65.26%.

Insider Activity

In other news, VP Isaac Woods sold 876 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $284.03, for a total transaction of $248,810.28. Following the transaction, the vice president now owns 1,057 shares of the company's stock, valued at approximately $300,219.71. This trade represents a 45.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Terry L. Riesterer sold 850 shares of Rockwell Automation stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total value of $255,178.50. Following the completion of the transaction, the vice president now owns 1,633 shares of the company's stock, valued at $490,242.93. This trade represents a 34.23 % 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 worth $1,075,923. 0.68% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ROK shares. Oppenheimer raised their target price on shares of Rockwell Automation from $300.00 to $320.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Citigroup decreased their price target on shares of Rockwell Automation from $350.00 to $283.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Morgan Stanley boosted their price objective on shares of Rockwell Automation from $335.00 to $345.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. The Goldman Sachs Group increased their target price on Rockwell Automation from $257.00 to $290.00 and gave the stock a "sell" rating in a research report on Tuesday, February 11th. Finally, Barclays lowered their price target 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. Three analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Rockwell Automation presently has an average rating of "Hold" and a consensus price target of $297.11.

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.

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