Mutual of America Capital Management LLC Decreases Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

Mutual of America Capital Management LLC lowered its stake in Rockwell Automation, Inc. (NYSE:ROK) by 4.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 15,387 shares of the industrial products company’s stock after selling 729 shares during the period. Mutual of America Capital Management LLC’s holdings in Rockwell Automation were worth $4,777,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ROK. Bruce G. Allen Investments LLC purchased a new position in Rockwell Automation during the 4th quarter valued at about $27,000. OFI Invest Asset Management purchased a new position in Rockwell Automation during the 3rd quarter valued at about $26,000. Provence Wealth Management Group purchased a new position in Rockwell Automation during the 3rd quarter valued at about $27,000. BluePath Capital Management LLC purchased a new position in Rockwell Automation during the 3rd quarter valued at about $29,000. Finally, Clear Street Markets LLC purchased a new position in Rockwell Automation during the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ROK. Mizuho reduced their price target on Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating on the stock in a report on Thursday, February 1st. Citigroup reduced their price target on Rockwell Automation from $330.00 to $322.00 and set a “buy” rating on the stock in a report on Monday, April 8th. Berenberg Bank restated a “hold” rating and set a $290.00 price target (down previously from $330.00) on shares of Rockwell Automation in a report on Wednesday, March 6th. Barclays reduced their target price on Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating on the stock in a report on Tuesday, April 2nd. Finally, Oppenheimer reduced their target price on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Rockwell Automation currently has a consensus rating of “Hold” and an average price target of $310.08.

Insider Activity at Rockwell Automation

In related news, VP Brian A. Shepherd sold 637 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $262.87, for a total value of $167,448.19. Following the transaction, the vice president now directly owns 5,088 shares of the company’s stock, valued at approximately $1,337,482.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Rockwell Automation news, CEO Blake D. Moret acquired 3,500 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average cost of $283.64 per share, with a total value of $992,740.00. Following the transaction, the chief executive officer now owns 77,215 shares of the company’s stock, valued at approximately $21,901,262.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Brian A. Shepherd sold 637 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $262.87, for a total value of $167,448.19. Following the completion of the transaction, the vice president now directly owns 5,088 shares in the company, valued at $1,337,482.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,877 shares of company stock valued at $5,058,772. 0.68% of the stock is owned by corporate insiders.

Rockwell Automation Stock Performance

Shares of ROK opened at $285.90 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 0.76. The business’s 50 day moving average price is $282.62 and its 200-day moving average price is $284.41. Rockwell Automation, Inc. has a 52 week low of $252.11 and a 52 week high of $348.52. The stock has a market cap of $32.76 billion, a P/E ratio of 27.20, a P/E/G ratio of 2.86 and a beta of 1.43.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.58). Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the prior year, the firm earned $2.46 earnings per share. Equities research analysts anticipate that Rockwell Automation, Inc. will post 12.03 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 Monday, June 10th. Stockholders of record on Monday, May 13th will be given a $1.25 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.75%. Rockwell Automation’s dividend payout ratio is currently 47.57%.

About Rockwell Automation

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.