Rockwell Automation, Inc. (NYSE:ROK) Stake Cut by Boston Family Office LLC

Boston Family Office LLC cut its position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 77,626 shares of the industrial products company's stock after selling 5,218 shares during the quarter. Rockwell Automation accounts for 1.5% of Boston Family Office LLC's investment portfolio, making the stock its 22nd biggest holding. Boston Family Office LLC owned approximately 0.07% of Rockwell Automation worth $22,185,000 at the end of the most recent quarter.

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

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Rockwell Automation Price Performance

NYSE ROK traded down $11.91 on Friday, reaching $227.25. 1,572,437 shares of the stock traded hands, compared to its average volume of 853,232. Rockwell Automation, Inc. has a 12 month low of $218.78 and a 12 month high of $308.70. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. The firm's fifty day simple moving average is $276.11 and its 200 day simple moving average is $278.48. The company has a market cap of $25.70 billion, a price-to-earnings ratio of 28.30, a P/E/G ratio of 3.53 and a beta of 1.39.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its earnings results 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 return on equity of 30.17% and a net margin of 11.38%. As a group, research analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be issued a $1.31 dividend. The ex-dividend date is Monday, May 19th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.31%. Rockwell Automation's payout ratio is currently 65.26%.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, VP Isaac Woods sold 895 shares of the firm's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $274.72, for a total value of $245,874.40. Following the completion of the transaction, the vice president now directly owns 1,198 shares in the company, valued at $329,114.56. This trade represents a 42.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Scott Genereux sold 500 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $290.14, for a total transaction of $145,070.00. Following the sale, the vice president now owns 1,905 shares in the company, valued at $552,716.70. This represents a 20.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,352 shares of company stock valued at $1,246,298 over the last ninety days. Insiders own 0.68% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. BNP Paribas lowered Rockwell Automation from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 11th. Morgan Stanley lifted their price target on shares of Rockwell Automation from $335.00 to $345.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Loop Capital boosted their price objective on Rockwell Automation from $260.00 to $280.00 and gave the company a "hold" rating in a report on Tuesday, February 25th. Oppenheimer lifted their price objective on shares of Rockwell Automation from $300.00 to $320.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. decreased their target price on Rockwell Automation from $245.00 to $240.00 and set an "underweight" rating for the company in a research note on Wednesday, January 15th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $307.42.

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.