Thematics Asset Management Sells 10,007 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Thematics Asset Management reduced its position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 17.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 48,251 shares of the industrial products company's stock after selling 10,007 shares during the period. Thematics Asset Management's holdings in Rockwell Automation were worth $13,790,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ROK. Vanguard Group Inc. grew its position in shares of Rockwell Automation by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 13,876,530 shares of the industrial products company's stock worth $3,965,774,000 after buying an additional 81,079 shares during the period. Geode Capital Management LLC lifted its stake in shares of Rockwell Automation by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 2,734,430 shares of the industrial products company's stock valued at $779,426,000 after purchasing an additional 51,228 shares during the period. Amundi boosted its position in shares of Rockwell Automation by 26.2% in the 4th quarter. Amundi now owns 2,073,594 shares of the industrial products company's stock worth $580,095,000 after purchasing an additional 430,498 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Rockwell Automation by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,570,036 shares of the industrial products company's stock valued at $448,701,000 after purchasing an additional 13,744 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Rockwell Automation by 3.9% during the fourth quarter. Invesco Ltd. now owns 1,417,323 shares of the industrial products company's stock worth $405,057,000 after buying an additional 53,287 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Robert W. Baird increased their target price on shares of Rockwell Automation from $305.00 to $315.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Wells Fargo & Company boosted their price objective on Rockwell Automation from $315.00 to $337.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Barclays reduced their price target on shares of Rockwell Automation from $280.00 to $260.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Morgan Stanley upped their target price on shares of Rockwell Automation from $335.00 to $345.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Finally, Loop Capital upped their price objective on Rockwell Automation from $260.00 to $280.00 and gave the stock a "hold" rating in a research report on Tuesday, February 25th. Three analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Rockwell Automation presently has an average rating of "Hold" and a consensus target price of $297.11.

Insider Activity at Rockwell Automation

In other news, VP Terry L. Riesterer sold 850 shares of the business's 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 completion of the transaction, the vice president now owns 1,633 shares of the company's stock, valued at approximately $490,242.93. The trade was a 34.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Matheus De A. G. Viera Bulho sold 293 shares of Rockwell Automation 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 sale, the senior vice president now directly owns 1,922 shares in the company, valued at $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. Insiders sold a total of 3,750 shares of company stock valued at $1,075,923 over the last quarter. 0.68% of the stock is owned by corporate insiders.

Rockwell Automation Stock Performance

Shares of Rockwell Automation stock traded up $8.81 on Thursday, hitting $248.64. The stock had a trading volume of 692,729 shares, compared to its average volume of 869,720. The business's 50 day moving average is $259.12 and its two-hundred day moving average is $274.62. The stock has a market cap of $28.11 billion, a price-to-earnings ratio of 30.96, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a twelve month low of $215.00 and a twelve month 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 announced its earnings results 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%. Analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Dividend Announcement

The business also recently declared 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. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Monday, May 19th. Rockwell Automation's payout ratio is currently 65.26%.

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.