Los Angeles Capital Management LLC Takes $232,000 Position in Rockwell Automation, Inc. (NYSE:ROK)

Los Angeles Capital Management LLC acquired a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK – Get Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 900 shares of the industrial products company’s stock, valued at approximately $232,000.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Rockwell Automation by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 13,495,152 shares of the industrial products company’s stock valued at $2,902,943,000 after acquiring an additional 40,192 shares in the last quarter. Alecta Tjanstepension Omsesidigt boosted its holdings in shares of Rockwell Automation by 1.2% during the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 3,013,365 shares of the industrial products company’s stock valued at $776,092,000 after acquiring an additional 35,100 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Rockwell Automation by 104.1% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 1,498,756 shares of the industrial products company’s stock valued at $322,398,000 after acquiring an additional 764,385 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Rockwell Automation by 2.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,082,189 shares of the industrial products company’s stock valued at $215,691,000 after acquiring an additional 26,780 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its holdings in shares of Rockwell Automation by 0.9% during the 3rd quarter. King Luther Capital Management Corp now owns 574,992 shares of the industrial products company’s stock valued at $123,687,000 after acquiring an additional 5,309 shares in the last quarter. Institutional investors and hedge funds own 77.66% of the company’s stock.

Insiders Place Their Bets

In other Rockwell Automation news, VP Isaac Woods sold 100 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $294.33, for a total transaction of $29,433.00. Following the completion of the sale, the vice president now directly owns 452 shares of the company’s stock, valued at approximately $133,037.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Nicholas C. Gangestad sold 1,975 shares of the business’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $294.25, for a total value of $581,143.75. Following the transaction, the chief financial officer now owns 7,757 shares in the company, valued at approximately $2,282,497.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Isaac Woods sold 100 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $294.33, for a total value of $29,433.00. Following the completion of the transaction, the vice president now owns 452 shares in the company, valued at approximately $133,037.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,809 shares of company stock valued at $1,680,379. Corporate insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

ROK has been the topic of several recent research reports. Morgan Stanley reaffirmed an “overweight” rating and set a $335.00 target price on shares of Rockwell Automation in a report on Tuesday, February 14th. The Goldman Sachs Group lifted their target price on Rockwell Automation from $238.00 to $272.00 and gave the stock a “sell” rating in a report on Friday, January 27th. Robert W. Baird lifted their target price on Rockwell Automation from $285.00 to $292.00 and gave the stock an “outperform” rating in a report on Friday, January 27th. Mizuho lifted their target price on Rockwell Automation from $260.00 to $270.00 in a report on Friday, April 28th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Rockwell Automation from $272.00 to $273.00 and gave the stock a “hold” rating in a report on Wednesday, April 12th. Four analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $265.88.

Rockwell Automation Stock Performance

Shares of Rockwell Automation stock opened at $283.42 on Friday. Rockwell Automation, Inc. has a one year low of $190.08 and a one year high of $309.36. The firm has a market capitalization of $32.56 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 2.04 and a beta of 1.42. The business has a 50-day simple moving average of $283.07 and a 200 day simple moving average of $272.78. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.08 and a quick ratio of 0.73.

Rockwell Automation (NYSE:ROK – Get Rating) last issued its earnings results on Thursday, April 27th. The industrial products company reported $3.01 EPS for the quarter, beating analysts’ consensus estimates of $2.60 by $0.41. Rockwell Automation had a return on equity of 42.15% and a net margin of 15.82%. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the company posted $1.66 EPS. The firm’s revenue was up 25.8% compared to the same quarter last year. On average, research analysts anticipate that Rockwell Automation, Inc. will post 12.06 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 12th. Shareholders of record on Monday, May 15th will be issued a dividend of $1.18 per share. This represents a $4.72 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Friday, May 12th. Rockwell Automation’s dividend payout ratio is currently 41.55%.

Rockwell Automation Company Profile

(Get Rating)

Rockwell Automation, Inc engages in the provision of industrial automation and information services. It operates through the following segments: Intelligent Devices, Software and Control, and Lifecycle Services. The Intelligent Devices segment combines a portfolio of smart products that create the foundation of an agile, resilient, and sustainable production system.