Truist Financial Corp Has $29.25 Million Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Truist Financial Corp grew its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 229.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,347 shares of the industrial products company's stock after buying an additional 71,288 shares during the period. Truist Financial Corp owned 0.09% of Rockwell Automation worth $29,250,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Gladstone Institutional Advisory LLC increased its stake in shares of Rockwell Automation by 33.2% during the third quarter. Gladstone Institutional Advisory LLC now owns 1,377 shares of the industrial products company's stock valued at $370,000 after acquiring an additional 343 shares during the period. MCF Advisors LLC grew its position in Rockwell Automation by 95.8% in the fourth quarter. MCF Advisors LLC now owns 2,332 shares of the industrial products company's stock worth $667,000 after buying an additional 1,141 shares during the last quarter. Ameritas Advisory Services LLC grew its position in Rockwell Automation by 99.1% in the fourth quarter. Ameritas Advisory Services LLC now owns 5,187 shares of the industrial products company's stock worth $1,482,000 after buying an additional 2,582 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Rockwell Automation in the third quarter worth approximately $912,000. Finally, Nomura Asset Management Co. Ltd. grew its position in Rockwell Automation by 6.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 34,209 shares of the industrial products company's stock worth $9,184,000 after buying an additional 1,928 shares during the last quarter. Institutional investors own 75.75% of the company's stock.

Insider Buying and Selling

In related news, VP Isaac Woods sold 895 shares of Rockwell Automation stock in a transaction on Friday, January 10th. The shares were sold at an average price of $274.72, for a total value of $245,874.40. Following the transaction, the vice president now owns 1,198 shares in the company, valued at $329,114.56. This trade represents a 42.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James P. Keane sold 2,000 shares of Rockwell Automation stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $296.00, for a total transaction of $592,000.00. Following the completion of the transaction, the director now owns 11,518 shares in the company, valued at $3,409,328. This trade represents a 14.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,240 shares of company stock worth $10,800,555 in the last quarter. 0.68% of the stock is currently owned by company insiders.

Rockwell Automation Stock Down 2.7 %

Shares of ROK stock traded down $8.23 on Friday, hitting $294.95. The company's stock had a trading volume of 1,113,483 shares, compared to its average volume of 858,529. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $308.70. The firm's fifty day moving average price is $286.35 and its 200-day moving average price is $276.84. The stock has a market capitalization of $33.35 billion, a price-to-earnings ratio of 36.73, a P/E/G ratio of 3.49 and a beta of 1.35.

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

Rockwell Automation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be issued a $1.31 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $5.24 annualized dividend and a yield of 1.78%. Rockwell Automation's dividend payout ratio (DPR) is presently 65.26%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ROK. Jefferies Financial Group upgraded shares of Rockwell Automation from a "hold" rating to a "buy" rating and lifted their price target for the stock from $290.00 to $350.00 in a research report on Thursday, December 12th. Robert W. Baird lifted their price target on shares of Rockwell Automation from $305.00 to $315.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. decreased their price target on shares of Rockwell Automation from $245.00 to $240.00 and set an "underweight" rating on the stock in a research report on Wednesday, January 15th. Citigroup lifted their price target on shares of Rockwell Automation from $345.00 to $350.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Finally, Barclays lifted their price target on shares of Rockwell Automation from $285.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Rockwell Automation currently has an average rating of "Hold" and a consensus price target of $308.05.

Rockwell Automation Company 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.