Rockwell Automation, Inc. (NYSE:ROK) Holdings Trimmed by Trillium Asset Management LLC

Trillium Asset Management LLC lowered its position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 3.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 65,028 shares of the industrial products company's stock after selling 2,499 shares during the quarter. Trillium Asset Management LLC owned about 0.06% of Rockwell Automation worth $18,584,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. West Oak Capital LLC grew its holdings in shares of Rockwell Automation by 455.6% during the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company's stock worth $29,000 after purchasing an additional 82 shares during the period. Bank of Jackson Hole Trust purchased a new position in Rockwell Automation in the 4th quarter worth approximately $34,000. SBI Securities Co. Ltd. purchased a new position in Rockwell Automation in the 4th quarter worth approximately $35,000. Darwin Wealth Management LLC purchased a new position in Rockwell Automation in the 3rd quarter worth approximately $34,000. Finally, Flagship Wealth Advisors LLC purchased a new position in Rockwell Automation in the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 75.75% of the company's stock.

Insiders Place Their Bets

In other news, VP Isaac Woods sold 895 shares of the stock in a transaction on Friday, January 10th. The stock was 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 of the company's stock, valued at approximately $329,114.56. This represents a 42.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Tessa M. Myers sold 1,231 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $285.43, for a total value of $351,364.33. Following the completion of the transaction, the senior vice president now directly owns 3,650 shares of the company's stock, valued at approximately $1,041,819.50. The trade was a 25.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,352 shares of company stock valued at $1,246,298 over the last three months. Company insiders own 0.68% of the company's stock.

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Analyst Ratings Changes

A number of research firms have weighed in on ROK. KeyCorp upgraded Rockwell Automation from a "sector weight" rating to an "overweight" rating and set a $345.00 price target for the company in a report on Monday, December 9th. Loop Capital upped their price target on Rockwell Automation from $260.00 to $280.00 and gave the stock a "hold" rating in a report on Tuesday, February 25th. Citigroup upped their price target on Rockwell Automation from $345.00 to $350.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. cut their target price on Rockwell Automation from $245.00 to $240.00 and set an "underweight" rating on the stock in a research report on Wednesday, January 15th. Finally, Barclays cut their target price on Rockwell Automation from $300.00 to $285.00 and set an "equal weight" rating on the stock in a research report on Monday, March 10th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $307.68.

Rockwell Automation Stock Performance

Shares of ROK stock traded up $0.58 on Friday, hitting $258.67. 1,197,349 shares of the stock traded hands, compared to its average volume of 816,644. 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 company has a market capitalization of $29.25 billion, a PE ratio of 32.21, a PEG ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a 1-year low of $242.81 and a 1-year high of $308.70. The company's fifty day moving average is $280.13 and its 200 day moving average is $278.43.

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%. On average, equities research analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal 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 given a $1.31 dividend. This represents a $5.24 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Tuesday, February 18th. Rockwell Automation's dividend payout ratio is presently 65.26%.

Rockwell Automation Company 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.