Sei Investments Co. Increases Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

Sei Investments Co. boosted its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 18.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 110,452 shares of the industrial products company's stock after purchasing an additional 17,491 shares during the period. Sei Investments Co. owned approximately 0.10% of Rockwell Automation worth $31,566,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of ROK. Whittier Trust Co. grew its holdings in shares of Rockwell Automation by 1.9% during the fourth quarter. Whittier Trust Co. now owns 1,896 shares of the industrial products company's stock worth $542,000 after buying an additional 35 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its position in Rockwell Automation by 0.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company's stock worth $1,199,000 after acquiring an additional 38 shares during the period. Lake Street Advisors Group LLC grew its stake in shares of Rockwell Automation by 3.0% in the 4th quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company's stock valued at $386,000 after purchasing an additional 39 shares during the last quarter. Fortitude Advisory Group L.L.C. increased its holdings in shares of Rockwell Automation by 3.8% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company's stock valued at $309,000 after purchasing an additional 40 shares during the period. Finally, Knuff & Co LLC raised its stake in shares of 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 purchasing an additional 41 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity at Rockwell Automation

In related news, VP Terry L. Riesterer sold 850 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $300.21, for a total transaction of $255,178.50. Following the completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Isaac Woods sold 895 shares of Rockwell Automation stock in a transaction on Friday, January 10th. The shares were sold at an average price of $274.72, for a total value of $245,874.40. Following the completion of the transaction, the vice president now owns 1,198 shares in the company, valued at $329,114.56. The trade was a 42.76 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,352 shares of company stock worth $1,246,298. 0.68% of the stock is currently owned by insiders.

Rockwell Automation Price Performance

Shares of ROK traded down $9.86 during trading hours on Friday, reaching $258.22. 987,837 shares of the company traded hands, compared to its average volume of 846,610. The stock has a market capitalization of $29.20 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. The stock has a fifty day simple moving average of $278.93 and a 200 day simple moving average of $278.76. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $308.70. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72.

Rockwell Automation (NYSE:ROK - Get Free Report) last released its quarterly 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 net margin of 11.38% and a return on equity of 30.17%. As a group, research analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were issued a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Tuesday, February 18th. Rockwell Automation's dividend payout ratio (DPR) is 65.26%.

Analysts Set New Price Targets

Several research firms have recently commented on ROK. Wells Fargo & Company raised their target price on shares of Rockwell Automation from $315.00 to $337.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Morgan Stanley lifted their price target on Rockwell Automation from $335.00 to $345.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Citigroup increased their price objective on Rockwell Automation from $345.00 to $350.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Loop Capital boosted their target price on shares of Rockwell Automation from $260.00 to $280.00 and gave the stock a "hold" rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Rockwell Automation from $245.00 to $240.00 and set an "underweight" rating on the stock in a research note on Wednesday, January 15th. Three 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. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $307.42.

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.