WIM INVESTMENT MANAGEMENT Ltd boosted its position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 65.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,950 shares of the industrial products company's stock after acquiring an additional 15,750 shares during the period. Rockwell Automation accounts for about 3.9% of WIM INVESTMENT MANAGEMENT Ltd's holdings, making the stock its 7th biggest position. WIM INVESTMENT MANAGEMENT Ltd's holdings in Rockwell Automation were worth $11,417,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its holdings in shares of Rockwell Automation by 14.0% in the 3rd quarter. Empowered Funds LLC now owns 6,938 shares of the industrial products company's stock worth $1,863,000 after acquiring an additional 851 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of Rockwell Automation in the third quarter worth approximately $537,000. Prospera Financial Services Inc lifted its holdings in shares of Rockwell Automation by 0.9% in the third quarter. Prospera Financial Services Inc now owns 4,033 shares of the industrial products company's stock valued at $1,083,000 after purchasing an additional 37 shares in the last quarter. SouthState Corp boosted its position in shares of Rockwell Automation by 6.6% during the third quarter. SouthState Corp now owns 46,684 shares of the industrial products company's stock valued at $12,533,000 after buying an additional 2,887 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Rockwell Automation during the third quarter valued at approximately $4,966,000. Institutional investors and hedge funds own 75.75% of the company's stock.
Rockwell Automation Stock Performance
Shares of NYSE:ROK traded up $0.58 during midday trading on Friday, reaching $258.67. 1,197,349 shares of the company traded hands, compared to its average volume of 816,644. The firm's fifty day moving average price is $280.13 and its two-hundred day moving average price is $278.43. 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. 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, Inc. has a 12 month low of $242.81 and a 12 month high of $308.70.
Rockwell Automation (NYSE:ROK - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, beating 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 analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.
Rockwell Automation Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were issued 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 payout ratio is 65.26%.
Insider Buying and Selling at Rockwell Automation
In related news, VP Isaac Woods sold 895 shares of Rockwell Automation stock in a transaction on Friday, January 10th. The stock was sold at an average price of $274.72, for a total transaction of $245,874.40. Following the completion of the sale, the vice president now owns 1,198 shares of the company's stock, valued at approximately $329,114.56. This trade represents a 42.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tessa M. Myers sold 1,231 shares of the company's stock in a transaction dated 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 owns 3,650 shares in the company, valued at $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 sold a total of 4,352 shares of company stock valued at $1,246,298 in the last three months. Company insiders own 0.68% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on ROK. The Goldman Sachs Group upped their target price on Rockwell Automation from $257.00 to $290.00 and gave the company a "sell" rating in a report on Tuesday, February 11th. Robert W. Baird upped their price objective on Rockwell Automation from $305.00 to $315.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Stephens upgraded Rockwell Automation from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $275.00 to $350.00 in a research note on Thursday, January 16th. BNP Paribas lowered shares of Rockwell Automation from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 11th. Finally, Morgan Stanley raised their price objective on shares of Rockwell Automation from $335.00 to $345.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Three 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, Rockwell Automation has a consensus rating of "Hold" and an average price target of $307.68.
Read Our Latest Research Report on ROK
Rockwell Automation Company Profile
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Free Report)
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.
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