World Investment Advisors Invests $670,000 in Rockwell Automation, Inc. (NYSE:ROK)

World Investment Advisors purchased a new position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,343 shares of the industrial products company's stock, valued at approximately $670,000.

Other hedge funds have also made changes to their positions in the company. Integrated Wealth Concepts LLC grew its holdings in Rockwell Automation by 2.5% in the third quarter. Integrated Wealth Concepts LLC now owns 6,012 shares of the industrial products company's stock valued at $1,614,000 after purchasing an additional 149 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Rockwell Automation during the 3rd quarter valued at $8,909,000. Royal London Asset Management Ltd. increased its holdings in shares of Rockwell Automation by 3.2% during the 3rd quarter. Royal London Asset Management Ltd. now owns 47,115 shares of the industrial products company's stock worth $12,648,000 after buying an additional 1,483 shares during the last quarter. Quantinno Capital Management LP raised its position in shares of Rockwell Automation by 66.0% in the 3rd quarter. Quantinno Capital Management LP now owns 2,137 shares of the industrial products company's stock worth $574,000 after buying an additional 850 shares during the period. Finally, Worldquant Millennium Advisors LLC acquired a new position in Rockwell Automation in the third quarter valued at $996,000. Institutional investors and hedge funds own 75.75% of the company's stock.

Rockwell Automation Stock Down 0.5 %

Shares of Rockwell Automation stock traded down $1.16 during trading on Friday, reaching $229.01. The company had a trading volume of 1,536,472 shares, compared to its average volume of 870,015. The company has a market cap of $25.89 billion, a price-to-earnings ratio of 28.52, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $308.70. The firm's fifty day moving average is $268.12 and its 200-day moving average is $276.64. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08.

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Rockwell Automation (NYSE:ROK - Get Free Report) last released its earnings results on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, topping analysts' consensus estimates 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, analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be given a $1.31 dividend. The ex-dividend date is Monday, May 19th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.29%. Rockwell Automation's payout ratio is currently 65.26%.

Analyst Ratings Changes

Several brokerages have commented on ROK. Loop Capital upped their price target on Rockwell Automation from $260.00 to $280.00 and gave the stock a "hold" rating in a research note on Tuesday, February 25th. BNP Paribas raised shares of Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. KeyCorp cut their price objective on Rockwell Automation from $345.00 to $275.00 and set an "overweight" rating on the stock in a research report on Tuesday. Oppenheimer upped their target price on Rockwell Automation from $300.00 to $320.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Finally, Stephens upgraded Rockwell Automation from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $275.00 to $350.00 in a research note on Thursday, January 16th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Rockwell Automation has an average rating of "Hold" and a consensus price target of $300.63.

Insider Activity

In related news, VP Terry L. Riesterer sold 850 shares of Rockwell Automation stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $300.21, for a total value of $255,178.50. Following the sale, the vice president now directly owns 1,633 shares in the company, valued at $490,242.93. This trade represents a 34.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Matheus De A. G. Viera Bulho sold 293 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $257.68, for a total transaction of $75,500.24. Following the completion of the transaction, the senior vice president now owns 1,922 shares of the company's stock, valued at approximately $495,260.96. This trade represents a 13.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 3,750 shares of company stock valued at $1,075,923. Company insiders own 0.68% of the company's stock.

Rockwell Automation 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.