Russell Investments Group Ltd. Increases Stock Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Russell Investments Group Ltd. lifted its position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 6.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 34,990 shares of the industrial products company's stock after acquiring an additional 2,174 shares during the quarter. Russell Investments Group Ltd.'s holdings in Rockwell Automation were worth $9,998,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. West Oak Capital LLC boosted its position in Rockwell Automation by 455.6% during the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company's stock worth $29,000 after purchasing an additional 82 shares during the period. Bank of Jackson Hole Trust purchased a new stake in shares of Rockwell Automation during the 4th quarter valued at approximately $34,000. SBI Securities Co. Ltd. bought a new position in Rockwell Automation in the 4th quarter worth approximately $35,000. Flagship Wealth Advisors LLC purchased a new position in Rockwell Automation in the 4th quarter valued at approximately $38,000. Finally, Knuff & Co LLC raised its holdings in Rockwell Automation by 41.0% during the 4th quarter. Knuff & Co LLC now owns 141 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 41 shares during the period. Hedge funds and other institutional investors own 75.75% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Barclays reduced their price target on Rockwell Automation from $280.00 to $260.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Robert W. Baird upped their price target on Rockwell Automation from $305.00 to $315.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. BNP Paribas upgraded shares of Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 9th. Citigroup reduced their price objective on shares of Rockwell Automation from $350.00 to $283.00 and set a "buy" rating for the company in a research note on Monday. Finally, Stephens upgraded shares of Rockwell Automation from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $275.00 to $350.00 in a research note on Thursday, January 16th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Rockwell Automation currently has an average rating of "Hold" and a consensus price target of $297.11.

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Rockwell Automation Price Performance

Shares of ROK stock traded down $0.45 during trading hours on Tuesday, hitting $232.97. 810,585 shares of the company's stock were exchanged, compared to its average volume of 869,698. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $308.70. The company has a market capitalization of $26.34 billion, a PE ratio of 29.01, a PEG ratio of 3.53 and a beta of 1.39. The business's 50 day simple moving average is $267.39 and its 200-day simple moving average is $276.41. 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 (NYSE:ROK - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share 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, equities research analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be given a dividend of $1.31 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $5.24 annualized dividend and a yield of 2.25%. Rockwell Automation's payout ratio is 65.26%.

Insiders Place Their Bets

In other Rockwell Automation news, VP Scott Genereux sold 500 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $290.14, for a total value of $145,070.00. Following the transaction, the vice president now owns 1,905 shares in the company, valued at approximately $552,716.70. The trade was a 20.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Terry L. Riesterer sold 850 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total transaction of $255,178.50. Following the sale, the vice president now owns 1,633 shares of the company's stock, valued at approximately $490,242.93. This represents a 34.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,750 shares of company stock valued at $1,075,923 in the last ninety days. Company insiders own 0.68% of the company's stock.

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.