Rockwell Automation, Inc. (NYSE:ROK) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 249,119 shares of the industrial products company's stock after buying an additional 11,066 shares during the period. Wells Fargo & Company MN owned approximately 0.22% of Rockwell Automation worth $71,196,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ROK. West Oak Capital LLC raised its stake in shares of Rockwell Automation by 455.6% in the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 82 shares during the period. Bank of Jackson Hole Trust purchased a new stake in Rockwell Automation in the fourth quarter valued at approximately $34,000. SBI Securities Co. Ltd. acquired a new position in Rockwell Automation during the fourth quarter worth $35,000. Flagship Wealth Advisors LLC acquired a new position in Rockwell Automation during the fourth quarter worth $38,000. Finally, Knuff & Co LLC boosted its position 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 worth $40,000 after buying an additional 41 shares during the period. Institutional investors and hedge funds own 75.75% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ROK shares. Citigroup increased their target price on Rockwell Automation from $345.00 to $350.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. BNP Paribas raised shares of Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 9th. Wells Fargo & Company lifted their price objective on shares of Rockwell Automation from $315.00 to $337.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Oppenheimer raised their price target on shares of Rockwell Automation from $300.00 to $320.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Finally, Morgan Stanley increased their price objective on Rockwell Automation from $335.00 to $345.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Rockwell Automation currently has a consensus rating of "Hold" and a consensus price target of $300.63.

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Rockwell Automation Stock Performance

Shares of NYSE ROK traded up $4.20 during midday trading on Monday, reaching $233.58. 179,088 shares of the company were exchanged, compared to its average volume of 866,411. The stock has a fifty day simple moving average of $268.12 and a 200 day simple moving average of $276.67. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $308.70. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The stock has a market cap of $26.41 billion, a P/E ratio of 29.09, a PEG ratio of 3.53 and a beta of 1.39.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its earnings results on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, topping 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%. On average, research analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 2.24%. Rockwell Automation's dividend payout ratio is currently 65.26%.

Insider Activity

In related news, VP Scott Genereux sold 500 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $290.14, for a total value of $145,070.00. Following the completion of the sale, the vice president now directly owns 1,905 shares in the company, valued at approximately $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 accessible through the SEC website. Also, SVP Matheus De A. G. Viera Bulho sold 293 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $257.68, for a total value of $75,500.24. Following the transaction, the senior vice president now owns 1,922 shares in the company, valued at approximately $495,260.96. This represents a 13.23 % decrease in their position. 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. Company insiders own 0.68% of the company's stock.

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.