Terra Alpha Investments LLC Makes New Investment in Rockwell Automation, Inc. (NYSE:ROK)

Terra Alpha Investments LLC bought a new stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,544 shares of the industrial products company's stock, valued at approximately $1,584,000. Rockwell Automation comprises about 1.6% of Terra Alpha Investments LLC's holdings, making the stock its 25th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of ROK. West Oak Capital LLC increased its stake 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 worth $29,000 after acquiring an additional 82 shares during the period. Darwin Wealth Management LLC purchased a new stake in Rockwell Automation in the third quarter valued at $34,000. Bank of Jackson Hole Trust acquired a new stake in Rockwell Automation during the 4th quarter worth about $34,000. SBI Securities Co. Ltd. purchased a new position in shares of Rockwell Automation during the 4th quarter valued at about $35,000. Finally, Knuff & Co LLC lifted its holdings 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 valued at $40,000 after buying an additional 41 shares during the period. Institutional investors and hedge funds own 75.75% of the company's stock.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, VP Scott Genereux sold 500 shares of Rockwell Automation stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $290.14, for a total transaction of $145,070.00. Following the transaction, the vice president now directly owns 1,905 shares of the company's stock, valued at $552,716.70. The trade was a 20.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Isaac Woods sold 895 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $274.72, for a total transaction of $245,874.40. Following the completion of the sale, the vice president now directly owns 1,198 shares of the company's stock, valued at approximately $329,114.56. This trade represents a 42.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,352 shares of company stock worth $1,246,298 in the last quarter. Company insiders own 0.68% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ROK. BNP Paribas downgraded Rockwell Automation from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 11th. HSBC upgraded shares of Rockwell Automation from a "hold" rating to a "buy" rating and set a $355.00 target price for the company in a research note on Wednesday, December 11th. Wells Fargo & Company raised their price target 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. The Goldman Sachs Group upped their price objective on shares of Rockwell Automation from $257.00 to $290.00 and gave the stock a "sell" rating in a research report on Tuesday, February 11th. Finally, Jefferies Financial Group upgraded Rockwell Automation from a "hold" rating to a "buy" rating and lifted their price target for the company from $290.00 to $350.00 in a research note on Thursday, December 12th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Rockwell Automation currently has an average rating of "Hold" and a consensus target price of $307.68.

Rockwell Automation Price Performance

ROK traded up $0.58 on Friday, reaching $258.67. 1,197,349 shares of the company's stock were exchanged, compared to its average volume of 819,707. Rockwell Automation, Inc. has a twelve month low of $242.81 and a twelve month high of $308.70. The stock has a market cap of $29.25 billion, a PE ratio of 32.21, a P/E/G ratio of 3.53 and a beta of 1.39. 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 $280.42 and its 200-day moving average price is $278.41.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its 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 return on equity of 30.17% and a net margin of 11.38%. 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 was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were paid a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Tuesday, February 18th. Rockwell Automation's dividend payout ratio (DPR) is presently 65.26%.

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.