Sompo Asset Management Co. Ltd. Sells 2,072 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Sompo Asset Management Co. Ltd. reduced its position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 6.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 31,681 shares of the industrial products company's stock after selling 2,072 shares during the period. Rockwell Automation accounts for approximately 1.5% of Sompo Asset Management Co. Ltd.'s investment portfolio, making the stock its 13th largest holding. Sompo Asset Management Co. Ltd.'s holdings in Rockwell Automation were worth $9,054,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. West Oak Capital LLC boosted its stake in shares of Rockwell Automation by 455.6% in the 4th 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 position in Rockwell Automation in the fourth quarter valued at approximately $34,000. SBI Securities Co. Ltd. acquired a new stake in Rockwell Automation during the 4th quarter worth $35,000. Flagship Wealth Advisors LLC acquired a new position in shares of Rockwell Automation in the 4th quarter valued at $38,000. Finally, Knuff & Co LLC boosted its position in shares of Rockwell Automation by 41.0% in the 4th 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. Institutional investors and hedge funds own 75.75% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Robert W. Baird raised their target price on Rockwell Automation from $305.00 to $315.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. KeyCorp decreased their price objective on shares of Rockwell Automation from $345.00 to $275.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company increased their target price on shares of Rockwell Automation from $315.00 to $337.00 and gave the stock an "overweight" rating in a 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. Finally, Barclays reduced their target price on Rockwell Automation from $280.00 to $260.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Three investment 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. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $297.11.

Rockwell Automation Price Performance

Rockwell Automation stock opened at $234.20 on Wednesday. The firm has a market cap of $26.48 billion, a PE ratio of 29.17, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $308.70. 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 stock's fifty day moving average price is $260.22 and its two-hundred day moving average price is $274.86.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be given a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Monday, May 19th. Rockwell Automation's dividend payout ratio is presently 65.26%.

Insiders Place Their Bets

In other news, VP Isaac Woods sold 876 shares of Rockwell Automation stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $284.03, for a total transaction of $248,810.28. Following the sale, the vice president now directly owns 1,057 shares of the company's stock, valued at approximately $300,219.71. This trade represents a 45.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Matheus De A. G. Viera Bulho sold 293 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 1,922 shares of the company's stock, valued at approximately $495,260.96. This trade represents a 13.23 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,750 shares of company stock valued at $1,075,923. 0.68% of the stock is currently owned by corporate insiders.

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.

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