Rockwell Automation, Inc. (NYSE:ROK) Stake Raised by Quantinno Capital Management LP

Quantinno Capital Management LP increased its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 98.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,240 shares of the industrial products company’s stock after buying an additional 2,103 shares during the quarter. Quantinno Capital Management LP’s holdings in Rockwell Automation were worth $1,212,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROK. Ballentine Partners LLC raised its holdings in Rockwell Automation by 20.9% during the fourth quarter. Ballentine Partners LLC now owns 1,907 shares of the industrial products company’s stock worth $545,000 after purchasing an additional 330 shares in the last quarter. Atomi Financial Group Inc. raised its holdings in Rockwell Automation by 23.6% during the fourth quarter. Atomi Financial Group Inc. now owns 1,372 shares of the industrial products company’s stock worth $392,000 after purchasing an additional 262 shares in the last quarter. Daymark Wealth Partners LLC raised its holdings in Rockwell Automation by 1.6% during the fourth quarter. Daymark Wealth Partners LLC now owns 3,295 shares of the industrial products company’s stock worth $942,000 after purchasing an additional 53 shares in the last quarter. Marathon Strategic Advisors LLC bought a new stake in Rockwell Automation during the fourth quarter worth approximately $429,000. Finally, Bill Few Associates Inc. raised its holdings in Rockwell Automation by 1.4% during the fourth quarter. Bill Few Associates Inc. now owns 13,863 shares of the industrial products company’s stock worth $3,962,000 after purchasing an additional 186 shares in the last quarter. Institutional investors own 75.75% of the company’s stock.

Insider Transactions at Rockwell Automation

In other news, VP Terry L. Riesterer sold 2,500 shares of the company’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $304.13, for a total value of $760,325.00. Following the transaction, the vice president now directly owns 1,033 shares of the company’s stock, valued at approximately $314,166.29. This represents a 70.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Tessa M. Myers sold 1,231 shares of the company’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $285.43, for a total transaction of $351,364.33. Following the completion of the transaction, the senior vice president now directly owns 3,650 shares in the company, valued at $1,041,819.50. This trade represents a 25.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,839 shares of company stock valued at $2,014,256. 0.68% of the stock is owned by insiders.

Rockwell Automation Stock Up 1.5%

NYSE:ROK opened at $306.20 on Friday. The firm has a market capitalization of $34.51 billion, a price-to-earnings ratio of 38.13, a PEG ratio of 3.53 and a beta of 1.32. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $310.78. 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 business’s fifty day moving average price is $259.06 and its 200 day moving average price is $276.10.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.36. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.97 billion. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. Rockwell Automation’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.50 earnings per share. On average, sell-side analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be paid a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Monday, May 19th. Rockwell Automation’s dividend payout ratio (DPR) is presently 65.99%.

Analysts Set New Price Targets

Several equities research analysts recently commented on ROK shares. Oppenheimer boosted their target price on Rockwell Automation from $258.00 to $304.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Citigroup lifted their price target on shares of Rockwell Automation from $283.00 to $327.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. TD Cowen upgraded shares of Rockwell Automation from a “sell” rating to a “hold” rating and set a $275.00 price target on the stock in a research report on Friday, May 9th. KeyCorp lifted their price target on shares of Rockwell Automation from $275.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Rockwell Automation from $271.00 to $299.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Rockwell Automation has a consensus rating of “Moderate Buy” and an average price target of $310.37.

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.