Rockwell Automation, Inc. (NYSE:ROK) Shares Purchased by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. lifted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,995 shares of the industrial products company's stock after buying an additional 1,065 shares during the period. Tocqueville Asset Management L.P. owned approximately 0.06% of Rockwell Automation worth $20,861,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Flagship Wealth Advisors LLC acquired a new stake in shares of Rockwell Automation in the fourth quarter worth $38,000. Terra Alpha Investments LLC acquired a new position in shares of Rockwell Automation in the 4th quarter valued at about $1,584,000. Signaturefd LLC boosted its stake in shares of Rockwell Automation by 5.3% in the fourth quarter. Signaturefd LLC now owns 2,492 shares of the industrial products company's stock worth $712,000 after buying an additional 126 shares during the last quarter. Parallel Advisors LLC grew its holdings in Rockwell Automation by 7.4% during the fourth quarter. Parallel Advisors LLC now owns 1,470 shares of the industrial products company's stock worth $420,000 after acquiring an additional 101 shares during the period. Finally, Cibc World Markets Corp grew its stake in shares of Rockwell Automation by 15.4% during the 4th quarter. Cibc World Markets Corp now owns 17,816 shares of the industrial products company's stock worth $5,092,000 after purchasing an additional 2,373 shares during the period. Hedge funds and other institutional investors own 75.75% of the company's stock.

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Rockwell Automation Trading Up 0.2 %

NYSE: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 842,750. The firm has a market capitalization of $29.25 billion, a price-to-earnings ratio of 32.21, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a 52-week low of $242.81 and a 52-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. The business has a fifty day moving average of $280.42 and a 200-day moving average of $278.41.

Rockwell Automation (NYSE:ROK - Get Free Report) last released 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%. As a group, analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently commented on ROK shares. Jefferies Financial Group upgraded shares of Rockwell Automation from a "hold" rating to a "buy" rating and raised their price target for the company from $290.00 to $350.00 in a research report on Thursday, December 12th. Stephens raised Rockwell Automation from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $275.00 to $350.00 in a report on Thursday, January 16th. Barclays decreased their price objective on shares of Rockwell Automation from $300.00 to $285.00 and set an "equal weight" rating on the stock in a report on Monday, March 10th. Morgan Stanley lifted their price target on Rockwell Automation from $335.00 to $345.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Finally, Robert W. Baird boosted their price target on shares of Rockwell Automation from $305.00 to $315.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Rockwell Automation has a consensus rating of "Hold" and an average target price of $307.68.

Insider Buying and Selling at Rockwell Automation

In related news, VP Scott Genereux sold 500 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $290.14, for a total transaction of $145,070.00. Following the completion of the transaction, the vice president now owns 1,905 shares in the company, valued at approximately $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 SEC, which is accessible through the SEC website. Also, SVP Tessa M. Myers sold 1,231 shares of the firm's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $285.43, for a total value of $351,364.33. Following the completion of the sale, the senior vice president now owns 3,650 shares in the company, valued at approximately $1,041,819.50. This represents a 25.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,352 shares of company stock valued at $1,246,298 in the last quarter. Corporate 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.