Arrowstreet Capital Limited Partnership Cuts Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

Arrowstreet Capital Limited Partnership lowered its position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 29.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,812 shares of the industrial products company's stock after selling 11,806 shares during the period. Arrowstreet Capital Limited Partnership's holdings in Rockwell Automation were worth $7,948,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Rockwell Automation by 0.9% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,775 shares of the industrial products company's stock valued at $1,079,000 after buying an additional 33 shares during the period. Whittier Trust Co. lifted its holdings in Rockwell Automation by 1.9% in the fourth quarter. Whittier Trust Co. now owns 1,896 shares of the industrial products company's stock valued at $542,000 after acquiring an additional 35 shares during the period. Bank Pictet & Cie Europe AG lifted its holdings in Rockwell Automation by 0.9% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company's stock valued at $1,199,000 after acquiring an additional 38 shares during the period. Lake Street Advisors Group LLC boosted its position in shares of Rockwell Automation by 3.0% during the 4th quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company's stock worth $386,000 after purchasing an additional 39 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. grew its stake in shares of Rockwell Automation by 3.8% during the 4th quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company's stock worth $309,000 after purchasing an additional 40 shares during the period. Hedge funds and other institutional investors own 75.75% of the company's stock.

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Wall Street Analysts Forecast Growth

ROK has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Rockwell Automation from $248.00 to $201.00 and set an "underweight" rating on the stock in a report on Tuesday. Barclays decreased their price target on Rockwell Automation from $280.00 to $260.00 and set an "equal weight" rating on the stock in a research note on Thursday. KeyCorp dropped their price objective on Rockwell Automation from $345.00 to $275.00 and set an "overweight" rating for the company in a research note on Tuesday. Morgan Stanley boosted their target price on Rockwell Automation from $335.00 to $345.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Finally, BNP Paribas upgraded Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Rockwell Automation presently has an average rating of "Hold" and a consensus price target of $300.63.

Insider Activity

In other news, VP Isaac Woods sold 876 shares of the company's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $284.03, for a total transaction of $248,810.28. Following the completion of the sale, the vice president now directly owns 1,057 shares in the company, valued at $300,219.71. This represents a 45.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Matheus De A. G. Viera Bulho sold 293 shares of Rockwell Automation stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $257.68, for a total value of $75,500.24. Following the completion of the transaction, the senior vice president now owns 1,922 shares in the company, valued at $495,260.96. The trade was a 13.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,750 shares of company stock valued at $1,075,923 in the last 90 days. 0.68% of the stock is currently owned by insiders.

Rockwell Automation Trading Down 0.5 %

NYSE ROK traded down $1.16 during mid-day trading on Friday, reaching $229.01. 1,536,472 shares of the stock were exchanged, compared to its average volume of 870,011. The stock has a market capitalization of $25.89 billion, a PE ratio of 28.52, a PEG ratio of 3.53 and a beta of 1.39. 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 1-year low of $215.00 and a 1-year high of $308.70. The business's fifty day simple moving average is $268.12 and its 200 day simple moving average is $276.64.

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 (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. On average, research analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be issued a $1.31 dividend. This represents a $5.24 annualized dividend and a yield of 2.29%. The ex-dividend date is Monday, May 19th. Rockwell Automation's dividend payout ratio (DPR) is 65.26%.

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.