Rockwell Automation, Inc. (NYSE:ROK) Stock Position Raised by Natixis Advisors LLC

Natixis Advisors LLC raised its stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 97.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,961 shares of the industrial products company's stock after purchasing an additional 59,203 shares during the quarter. Natixis Advisors LLC owned about 0.11% of Rockwell Automation worth $32,205,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CreativeOne Wealth LLC increased its holdings in Rockwell Automation by 3.0% during the 1st quarter. CreativeOne Wealth LLC now owns 1,277 shares of the industrial products company's stock worth $372,000 after purchasing an additional 37 shares during the last quarter. Mather Group LLC. raised its stake in Rockwell Automation by 5.9% during the second quarter. Mather Group LLC. now owns 680 shares of the industrial products company's stock valued at $198,000 after buying an additional 38 shares in the last quarter. Pure Financial Advisors LLC grew its position in shares of Rockwell Automation by 2.7% in the 2nd quarter. Pure Financial Advisors LLC now owns 1,613 shares of the industrial products company's stock worth $444,000 after acquiring an additional 42 shares in the last quarter. Pitcairn Co. increased its holdings in shares of Rockwell Automation by 4.2% in the 1st quarter. Pitcairn Co. now owns 1,096 shares of the industrial products company's stock valued at $319,000 after acquiring an additional 44 shares during the last quarter. Finally, Hancock Whitney Corp lifted its stake in Rockwell Automation by 2.5% during the first quarter. Hancock Whitney Corp now owns 1,805 shares of the industrial products company's stock worth $526,000 after purchasing an additional 44 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Wells Fargo & Company increased their target price on shares of Rockwell Automation from $293.00 to $305.00 and gave the stock an "overweight" rating in a report on Monday, October 7th. Barclays raised their target price on shares of Rockwell Automation from $245.00 to $255.00 and gave the stock an "underweight" rating in a report on Friday, November 8th. Robert W. Baird raised their price target on Rockwell Automation from $280.00 to $290.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Mizuho upped their price objective on Rockwell Automation from $245.00 to $270.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Finally, UBS Group began coverage on shares of Rockwell Automation in a research report on Wednesday, November 13th. They set a "neutral" rating and a $313.00 price target for the company. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $286.13.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, SVP Veena M. Lakkundi sold 579 shares of the business's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $266.86, for a total transaction of $154,511.94. Following the sale, the senior vice president now directly owns 4,576 shares of the company's stock, valued at $1,221,151.36. The trade was a 11.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.68% of the stock is owned by insiders.

Rockwell Automation Price Performance

Shares of ROK stock traded down $1.70 during mid-day trading on Monday, hitting $283.13. 950,848 shares of the stock traded hands, compared to its average volume of 884,195. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.17 and a current ratio of 1.08. The firm has a market cap of $31.97 billion, a price-to-earnings ratio of 34.32, a price-to-earnings-growth ratio of 2.95 and a beta of 1.36. The company's 50-day simple moving average is $269.16 and its 200-day simple moving average is $266.82. Rockwell Automation, Inc. has a twelve month low of $242.81 and a twelve month high of $312.76.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The industrial products company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.40 by $0.07. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. The firm had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $2.06 billion. During the same period in the previous year, the business earned $3.64 earnings per share. Rockwell Automation's revenue for the quarter was down 20.6% compared to the same quarter last year. As a group, equities research analysts expect that Rockwell Automation, Inc. will post 9.54 earnings per share for the current year.

Rockwell Automation Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 18th will be issued a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.85%. This is a boost from Rockwell Automation's previous quarterly dividend of $1.25. The ex-dividend date is Monday, November 18th. Rockwell Automation's payout ratio is presently 60.39%.

Rockwell Automation announced that its board has initiated a share repurchase program on Thursday, September 5th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the industrial products company to buy up to 3.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

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.