Scotia Capital Inc. Acquires 1,542 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Scotia Capital Inc. increased its position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,106 shares of the industrial products company's stock after buying an additional 1,542 shares during the quarter. Scotia Capital Inc.'s holdings in Rockwell Automation were worth $6,604,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ROK. West Oak Capital LLC raised its holdings in shares of 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 purchasing an additional 82 shares during the last quarter. Bank of Jackson Hole Trust bought a new stake in Rockwell Automation during the 4th quarter worth about $34,000. SBI Securities Co. Ltd. bought a new position in shares of Rockwell Automation in the 4th quarter valued at about $35,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Rockwell Automation in the fourth quarter valued at about $38,000. Finally, Knuff & Co LLC raised its holdings in Rockwell Automation by 41.0% during the fourth quarter. Knuff & Co LLC now owns 141 shares of the industrial products company's stock worth $40,000 after acquiring an additional 41 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. The Goldman Sachs Group raised their price target on Rockwell Automation from $257.00 to $290.00 and gave the company a "sell" rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. lowered their target price 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. Stephens raised shares of Rockwell Automation from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $275.00 to $350.00 in a research report on Thursday, January 16th. Wells Fargo & Company lifted their price objective on shares of Rockwell Automation from $315.00 to $337.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Finally, BNP Paribas raised shares of Rockwell Automation from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Rockwell Automation presently has an average rating of "Hold" and a consensus target price of $297.11.

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Rockwell Automation Stock Performance

NYSE ROK traded down $0.45 on Tuesday, reaching $232.97. The stock had a trading volume of 810,585 shares, compared to its average volume of 867,619. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. The company has a market cap of $26.34 billion, a P/E ratio of 29.01, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. The firm has a fifty day moving average of $267.39 and a two-hundred day moving average of $276.41. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $308.70.

Rockwell Automation (NYSE:ROK - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, beating 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 EPS for the current year.

Rockwell Automation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders 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 dividend yield of 2.25%. Rockwell Automation's payout ratio is 65.26%.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, VP Isaac Woods sold 876 shares of Rockwell Automation stock in a transaction on Friday, February 28th. The stock was sold at an average price of $284.03, for a total value of $248,810.28. Following the completion of the transaction, the vice president now directly owns 1,057 shares of the company's stock, valued at $300,219.71. The trade was a 45.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Matheus De A. G. Viera Bulho sold 293 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $257.68, for a total value 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 trade represents a 13.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,750 shares of company stock worth $1,075,923. 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.