Rockwell Automation, Inc. (NYSE:ROK) Stock Holdings Decreased by Rhumbline Advisers

Rhumbline Advisers lowered its position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 210,854 shares of the industrial products company's stock after selling 5,429 shares during the period. Rhumbline Advisers owned approximately 0.19% of Rockwell Automation worth $60,260,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Accredited Investors Inc. grew its holdings in Rockwell Automation by 162,058.5% in the third quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company's stock valued at $318,227,000 after purchasing an additional 1,184,648 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Rockwell Automation by 29,591.7% in the 3rd quarter. International Assets Investment Management LLC now owns 936,178 shares of the industrial products company's stock worth $251,326,000 after buying an additional 933,025 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Rockwell Automation by 33.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company's stock worth $417,802,000 after buying an additional 390,784 shares in the last quarter. DAVENPORT & Co LLC grew its stake in Rockwell Automation by 27.9% in the 4th quarter. DAVENPORT & Co LLC now owns 408,336 shares of the industrial products company's stock valued at $116,682,000 after acquiring an additional 88,962 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Rockwell Automation by 6.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,811 shares of the industrial products company's stock worth $303,041,000 after acquiring an additional 67,684 shares during the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Rockwell Automation Trading Up 1.2 %

Shares of NYSE:ROK traded up $3.55 during trading on Thursday, reaching $302.89. 904,350 shares of the stock were exchanged, compared to its average volume of 850,795. The firm's 50-day moving average price is $286.35 and its 200 day moving average price is $276.66. The firm has a market cap of $34.25 billion, a price-to-earnings ratio of 37.72, a price-to-earnings-growth ratio of 3.23 and a beta of 1.35. Rockwell Automation, Inc. has a 12-month low of $242.81 and a 12-month high of $308.70. 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 (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, topping 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%. On average, sell-side analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be given a $1.31 dividend. This represents a $5.24 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Tuesday, February 18th. Rockwell Automation's dividend payout ratio (DPR) is presently 65.26%.

Analyst Upgrades and Downgrades

ROK has been the subject of a number of recent research reports. Morgan Stanley raised their price objective 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. JPMorgan Chase & Co. lowered their target price on Rockwell Automation from $245.00 to $240.00 and set an "underweight" rating on the stock in a report on Wednesday, January 15th. Citigroup boosted their price target on Rockwell Automation from $345.00 to $350.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. BNP Paribas downgraded Rockwell Automation from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 11th. Finally, HSBC upgraded Rockwell Automation from a "hold" rating to a "buy" rating and set a $355.00 price objective for the company in a research report on Wednesday, December 11th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $308.05.

Insiders Place Their Bets

In other news, CEO Blake D. Moret sold 26,700 shares of Rockwell Automation stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $298.63, for a total transaction of $7,973,421.00. Following the sale, the chief executive officer now owns 78,115 shares in the company, valued at $23,327,482.45. This trade represents a 25.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Terry L. Riesterer sold 850 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was 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 in the company, valued at approximately $490,242.93. The trade was a 34.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,240 shares of company stock worth $10,800,555 over the last quarter. 0.68% of the stock is owned by corporate insiders.

Rockwell Automation 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.