Schroder Investment Management Group Has $4.14 Million Position in Rockwell Automation, Inc. (NYSE:ROK)

Schroder Investment Management Group boosted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 14.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,478 shares of the industrial products company's stock after buying an additional 1,872 shares during the quarter. Schroder Investment Management Group's holdings in Rockwell Automation were worth $4,135,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. L & S Advisors Inc bought a new stake in Rockwell Automation during the 4th quarter worth approximately $7,067,000. Allianz SE purchased a new position in Rockwell Automation during the 4th quarter valued at about $1,638,000. Allstate Corp purchased a new position in shares of Rockwell Automation during the 4th quarter worth approximately $978,000. DnB Asset Management AS lifted its position in Rockwell Automation by 56.2% in the 4th quarter. DnB Asset Management AS now owns 48,200 shares of the industrial products company's stock valued at $13,775,000 after acquiring an additional 17,336 shares in the last quarter. Finally, Alerus Financial NA bought a new position in shares of Rockwell Automation during the 4th quarter valued at $5,470,000. 75.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ROK shares. Stephens raised shares of Rockwell Automation from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $275.00 to $350.00 in a report on Thursday, January 16th. The Goldman Sachs Group lifted their price target on shares of Rockwell Automation from $257.00 to $290.00 and gave the stock a "sell" rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. decreased their target price on shares of Rockwell Automation from $248.00 to $201.00 and set an "underweight" rating for the company in a research report on Tuesday. Loop Capital lifted their price objective on shares of Rockwell Automation from $260.00 to $280.00 and gave the company a "hold" rating in a report on Tuesday, February 25th. Finally, Barclays dropped their price objective on shares of Rockwell Automation from $285.00 to $280.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, Rockwell Automation has a consensus rating of "Hold" and a consensus price target of $301.68.

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Insider Activity

In other Rockwell Automation news, 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 transaction of $75,500.24. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Terry L. Riesterer sold 850 shares of Rockwell Automation 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 sale, the vice president now owns 1,633 shares in the company, valued at $490,242.93. This represents a 34.23 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,645 shares of company stock worth $1,321,798. Corporate insiders own 0.68% of the company's stock.

Rockwell Automation Price Performance

NYSE:ROK traded down $10.49 during mid-day trading on Thursday, hitting $231.94. 253,712 shares of the company's stock traded hands, compared to its average volume of 862,499. The company has a market cap of $26.23 billion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year 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. The firm's 50 day simple moving average is $269.77 and its 200 day simple moving average is $277.06.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. Sell-side analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be given a $1.31 dividend. The ex-dividend date is Monday, May 19th. This represents a $5.24 dividend on an annualized basis and a yield of 2.26%. Rockwell Automation's dividend payout ratio is presently 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.