Wellington Management Group LLP Acquires 674,698 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Wellington Management Group LLP increased its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 85,513.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 675,487 shares of the industrial products company's stock after acquiring an additional 674,698 shares during the quarter. Wellington Management Group LLP owned approximately 0.60% of Rockwell Automation worth $193,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. West Oak Capital LLC boosted its holdings in shares of Rockwell Automation by 455.6% during the fourth 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 stake in Rockwell Automation in the 4th quarter worth approximately $34,000. SBI Securities Co. Ltd. bought a new stake in shares of Rockwell Automation in the 4th quarter worth approximately $35,000. Flagship Wealth Advisors LLC purchased a new position in shares of Rockwell Automation during the fourth quarter valued at approximately $38,000. Finally, Knuff & Co LLC raised its holdings in shares of Rockwell Automation by 41.0% during the fourth quarter. Knuff & Co LLC now owns 141 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 41 shares in the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Scott Genereux sold 500 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $290.14, for a total value of $145,070.00. Following the transaction, the vice president now owns 1,905 shares in the company, valued at $552,716.70. This represents a 20.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Terry L. Riesterer sold 850 shares of Rockwell Automation 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 transaction, the vice president now owns 1,633 shares in the company, valued at $490,242.93. This represents a 34.23 % 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 in the last ninety days. 0.68% of the stock is currently owned by company insiders.

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Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. KeyCorp raised shares of Rockwell Automation from a "sector weight" rating to an "overweight" rating and set a $345.00 price objective on the stock in a research report on Monday, December 9th. HSBC upgraded shares of Rockwell Automation from a "hold" rating to a "buy" rating and set a $355.00 price target on the stock in a research report on Wednesday, December 11th. Wells Fargo & Company raised their price objective 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. Robert W. Baird upped 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. Finally, Barclays lowered their target price on Rockwell Automation from $285.00 to $280.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. 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 company. Based on data from MarketBeat, Rockwell Automation presently has a consensus rating of "Hold" and a consensus price target of $307.42.

Rockwell Automation Stock Down 5.0 %

Shares of ROK stock traded down $11.91 during mid-day trading on Friday, hitting $227.25. The company's stock had a trading volume of 1,585,217 shares, compared to its average volume of 852,958. The stock has a market cap of $25.70 billion, a price-to-earnings ratio of 28.30, a PEG ratio of 3.53 and a beta of 1.39. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. Rockwell Automation, Inc. has a 52-week low of $218.78 and a 52-week high of $308.70. The business has a 50-day moving average price of $274.90 and a 200 day moving average price of $278.24.

Rockwell Automation (NYSE:ROK - Get Free Report) last posted its earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. Research analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be paid a dividend of $1.31 per share. The ex-dividend date is Monday, May 19th. This represents a $5.24 dividend on an annualized basis and a yield of 2.31%. Rockwell Automation's dividend payout ratio 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.