CANADA LIFE ASSURANCE Co Acquires 7,359 Shares of Rockwell Automation, Inc. (NYSE:ROK)

CANADA LIFE ASSURANCE Co boosted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 154,727 shares of the industrial products company's stock after buying an additional 7,359 shares during the period. CANADA LIFE ASSURANCE Co owned 0.14% of Rockwell Automation worth $44,223,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. West Oak Capital LLC boosted its position in shares of Rockwell Automation by 455.6% during the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company's stock worth $29,000 after buying an additional 82 shares during the period. Bank of Jackson Hole Trust purchased a new position in shares of Rockwell Automation in the 4th quarter valued at about $34,000. SBI Securities Co. Ltd. purchased a new stake in shares of Rockwell Automation during the 4th quarter worth approximately $35,000. Flagship Wealth Advisors LLC acquired a new position in Rockwell Automation in the fourth quarter valued at $38,000. Finally, Knuff & Co LLC grew 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 buying an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company's stock.

Insider Activity

In other Rockwell Automation news, SVP Matheus De A. G. Viera Bulho sold 293 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $257.68, for a total transaction of $75,500.24. Following the completion of the sale, the senior vice president now directly owns 1,922 shares in the company, valued at approximately $495,260.96. This trade represents a 13.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Scott Genereux sold 500 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 1,905 shares in the company, valued at approximately $552,716.70. This represents a 20.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,750 shares of company stock worth $1,075,923. Insiders own 0.68% of the company's stock.

Rockwell Automation Stock Performance

Shares of Rockwell Automation stock traded up $7.81 during trading on Thursday, hitting $247.64. 209,335 shares of the stock were exchanged, compared to its average volume of 942,235. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $308.70. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. The stock has a market cap of $28.00 billion, a PE ratio of 30.84, a P/E/G ratio of 3.53 and a beta of 1.39. The stock's fifty day moving average is $259.12 and its 200 day moving average is $274.62.

Rockwell Automation (NYSE:ROK - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share 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%. As a group, sell-side analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be paid a $1.31 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $5.24 annualized dividend and a dividend yield of 2.12%. Rockwell Automation's dividend payout ratio is currently 65.26%.

Wall Street Analysts Forecast Growth

ROK has been the subject of several analyst reports. Robert W. Baird upped their price target on Rockwell Automation from $305.00 to $315.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Barclays reduced their price objective on Rockwell Automation from $280.00 to $260.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. The Goldman Sachs Group raised their price objective on shares of Rockwell Automation from $257.00 to $290.00 and gave the stock a "sell" rating in a research note on Tuesday, February 11th. BNP Paribas raised shares of Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. Finally, KeyCorp decreased their price objective on Rockwell Automation from $345.00 to $275.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price 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.