O Shaughnessy Asset Management LLC Buys 1,686 Shares of Rockwell Automation, Inc. (NYSE:ROK)

O Shaughnessy Asset Management LLC lifted its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 33.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,785 shares of the industrial products company's stock after acquiring an additional 1,686 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Rockwell Automation were worth $1,939,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. West Oak Capital LLC lifted 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 worth $29,000 after buying an additional 82 shares in the last quarter. Bank of Jackson Hole Trust acquired a new stake in shares of Rockwell Automation in the 4th quarter valued at about $34,000. SBI Securities Co. Ltd. acquired a new stake in shares of Rockwell Automation in the 4th quarter valued at about $35,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Rockwell Automation in the 4th quarter valued at about $38,000. Finally, Knuff & Co LLC raised its stake in shares of 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 purchasing an additional 41 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Insiders Place Their Bets

In other Rockwell Automation news, VP Terry L. Riesterer sold 850 shares of Rockwell Automation stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $300.21, for a total transaction of $255,178.50. Following the transaction, the vice president now directly owns 1,633 shares of the company's stock, valued at $490,242.93. The trade was a 34.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Matheus De A. G. Viera Bulho sold 293 shares of the business'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 transaction, the senior vice president now directly owns 1,922 shares in the company, valued at $495,260.96. This trade represents a 13.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,645 shares of company stock valued at $1,321,798 in the last three months. 0.68% of the stock is currently owned by insiders.

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Wall Street Analyst Weigh In

ROK has been the topic of several analyst reports. KeyCorp dropped their price target on shares of Rockwell Automation from $345.00 to $275.00 and set an "overweight" rating on the stock in a research note on Tuesday. Stephens upgraded shares of Rockwell Automation from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $275.00 to $350.00 in a research note on Thursday, January 16th. Morgan Stanley raised their price target 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. Citigroup raised their price objective on shares of Rockwell Automation from $345.00 to $350.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Rockwell Automation from $248.00 to $201.00 and set an "underweight" rating on the stock in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Rockwell Automation has a consensus rating of "Hold" and an average price target of $301.68.

Rockwell Automation Trading Down 4.5 %

Shares of NYSE:ROK traded down $10.90 during mid-day trading on Thursday, hitting $231.53. The company had a trading volume of 253,712 shares, compared to its average volume of 862,499. The firm has a fifty day moving average price of $269.77 and a 200 day moving average price of $277.06. The company has a market capitalization of $26.18 billion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. 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 one year low of $215.00 and a one year high of $308.70.

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 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%. As a group, research analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be issued a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Monday, May 19th. Rockwell Automation's dividend 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.