Rockwell Automation, Inc. (NYSE:ROK) Shares Bought by Ossiam

Ossiam lifted its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 482.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,560 shares of the industrial products company's stock after purchasing an additional 1,292 shares during the quarter. Ossiam's holdings in Rockwell Automation were worth $446,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. West Oak Capital LLC grew its holdings in Rockwell Automation by 455.6% in the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company's stock valued at $29,000 after buying an additional 82 shares during the period. Bank of Jackson Hole Trust acquired a new stake in shares of Rockwell Automation in the fourth quarter worth approximately $34,000. SBI Securities Co. Ltd. purchased a new stake in Rockwell Automation in the fourth quarter valued at approximately $35,000. Flagship Wealth Advisors LLC acquired a new position in Rockwell Automation during the fourth quarter worth approximately $38,000. Finally, Knuff & Co LLC raised its stake in Rockwell Automation by 41.0% during the fourth quarter. Knuff & Co LLC now owns 141 shares of the industrial products company's stock worth $40,000 after purchasing an additional 41 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ROK has been the subject of several research reports. Citigroup dropped their price objective on Rockwell Automation from $350.00 to $283.00 and set a "buy" rating for the company in a report on Monday, April 14th. KeyCorp dropped their price target on Rockwell Automation from $345.00 to $275.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group lifted their price objective on Rockwell Automation from $257.00 to $290.00 and gave the company a "sell" rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. dropped their target price on shares of Rockwell Automation from $248.00 to $201.00 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. Finally, Loop Capital lifted their price target on shares of Rockwell Automation from $260.00 to $280.00 and gave the company a "hold" rating in a research report on Tuesday, February 25th. 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 given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $297.11.

Insider Buying and Selling

In other news, VP Terry L. Riesterer sold 850 shares of Rockwell Automation stock in a transaction dated 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 transaction, the vice president now directly owns 1,633 shares of the company's stock, valued at approximately $490,242.93. The trade was a 34.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Matheus De A. G. Viera Bulho sold 293 shares of the 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 sale, the senior vice president now owns 1,922 shares in the company, valued at approximately $495,260.96. This trade represents a 13.23 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,750 shares of company stock worth $1,075,923. Corporate insiders own 0.68% of the company's stock.

Rockwell Automation Trading Up 3.2 %

Shares of ROK opened at $234.20 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $308.70. The stock has a 50-day moving average price of $260.22 and a 200 day moving average price of $274.86. The company has a market capitalization of $26.48 billion, a P/E ratio of 29.17, a P/E/G ratio of 3.53 and a beta of 1.39.

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

Rockwell Automation Dividend Announcement

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

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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