Rockwell Automation, Inc. (NYSE:ROK) Shares Purchased by Aviva PLC

Aviva PLC grew its stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 231.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,363 shares of the industrial products company's stock after acquiring an additional 47,708 shares during the period. Aviva PLC owned 0.06% of Rockwell Automation worth $19,537,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. West Oak Capital LLC increased its holdings in Rockwell Automation by 455.6% in the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company's stock valued at $29,000 after buying an additional 82 shares in the last quarter. Bank of Jackson Hole Trust acquired a new position in shares of Rockwell Automation in the 4th quarter valued at $34,000. SBI Securities Co. Ltd. acquired a new position in Rockwell Automation in the 4th quarter valued at about $35,000. Flagship Wealth Advisors LLC purchased a new position in Rockwell Automation during the fourth quarter worth about $38,000. Finally, Knuff & Co LLC lifted its stake in shares of Rockwell Automation by 41.0% in the fourth 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 during the period. Institutional investors own 75.75% of the company's stock.

Insider Transactions at Rockwell Automation

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 transaction, the vice president now directly owns 1,057 shares of the company's stock, valued at approximately $300,219.71. This represents a 45.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Matheus De A. G. Viera Bulho sold 293 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $257.68, for a total transaction of $75,500.24. Following the sale, the senior vice president now directly owns 1,922 shares in the company, valued at approximately $495,260.96. This represents a 13.23 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,750 shares of company stock worth $1,075,923. 0.68% of the stock is currently owned by insiders.

Remove Ads

Wall Street Analyst Weigh In

A number of analysts have issued reports on ROK shares. Stephens raised Rockwell Automation from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $275.00 to $350.00 in a research note on Thursday, January 16th. JPMorgan Chase & Co. dropped 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, April 8th. Barclays cut their price target on shares of Rockwell Automation from $280.00 to $260.00 and set an "equal weight" rating for the company in a report on Thursday. BNP Paribas raised Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. Finally, Wells Fargo & Company increased their price objective on Rockwell Automation from $315.00 to $337.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $300.63.

Rockwell Automation Stock Performance

NYSE:ROK traded down $1.16 during mid-day trading on Friday, reaching $229.01. The company's stock had a trading volume of 1,536,472 shares, compared to its average volume of 869,004. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $308.70. The stock has a market cap of $25.89 billion, a P/E ratio of 28.52, a PEG ratio of 3.53 and a beta of 1.39. The firm's fifty day moving average price is $268.12 and its two-hundred day moving average price is $276.67.

Rockwell Automation (NYSE:ROK - Get Free Report) last released its earnings results 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, equities analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be paid a dividend of $1.31 per share. The ex-dividend date is Monday, May 19th. This represents a $5.24 annualized dividend and a yield of 2.29%. Rockwell Automation's payout ratio is currently 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.