Rockwell Automation, Inc. (NYSE:ROK) Shares Bought by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. raised its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 18.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,453 shares of the industrial products company’s stock after purchasing an additional 226 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Rockwell Automation were worth $451,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ROK. International Assets Investment Management LLC boosted its holdings in shares of Rockwell Automation by 33,600.1% in the fourth quarter. International Assets Investment Management LLC now owns 295,213 shares of the industrial products company’s stock worth $91,658,000 after buying an additional 294,337 shares during the period. Massachusetts Financial Services Co. MA grew its position in Rockwell Automation by 9.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,908,119 shares of the industrial products company’s stock worth $545,474,000 after purchasing an additional 172,577 shares in the last quarter. TimesSquare Capital Management LLC acquired a new stake in Rockwell Automation during the 3rd quarter valued at $38,275,000. Nordea Investment Management AB lifted its holdings in shares of Rockwell Automation by 35.6% in the third quarter. Nordea Investment Management AB now owns 484,438 shares of the industrial products company’s stock valued at $139,247,000 after purchasing an additional 127,303 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in shares of Rockwell Automation by 1,294.7% in the third quarter. Qube Research & Technologies Ltd now owns 127,891 shares of the industrial products company’s stock worth $36,560,000 after buying an additional 118,721 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Stock Performance

ROK opened at $274.05 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.25. The company has a market cap of $31.40 billion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 2.77 and a beta of 1.43. The stock has a 50-day moving average of $282.09 and a 200-day moving average of $283.03. Rockwell Automation, Inc. has a 52-week low of $252.11 and a 52-week high of $348.52.

Rockwell Automation Announces Dividend

The company 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. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Friday, May 10th. Rockwell Automation’s dividend payout ratio is 47.57%.

Insider Transactions at Rockwell Automation

In related news, VP Isaac Woods sold 150 shares of Rockwell Automation stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $287.59, for a total value of $43,138.50. Following the transaction, the vice president now owns 1,199 shares in the company, valued at approximately $344,820.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Rebecca W. House sold 13,900 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $283.02, for a total value of $3,933,978.00. Following the sale, the senior vice president now owns 8,482 shares in the company, valued at $2,400,575.64. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Isaac Woods sold 150 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $287.59, for a total transaction of $43,138.50. Following the transaction, the vice president now owns 1,199 shares of the company’s stock, valued at $344,820.41. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,240 shares of company stock worth $4,891,324. 0.68% of the stock is owned by insiders.

Analyst Ratings Changes

ROK has been the subject of several research analyst reports. Wells Fargo & Company reduced their price objective on Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating for the company in a research note on Thursday, February 1st. Citigroup reduced their price target on shares of Rockwell Automation from $330.00 to $322.00 and set a “buy” rating for the company in a research report on Monday, April 8th. Oppenheimer lowered their price objective on shares of Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, February 1st. Barclays cut their target price on shares of Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating for the company in a research report on Tuesday, April 2nd. Finally, Berenberg Bank restated a “hold” rating and set a $290.00 price target (down from $330.00) on shares of Rockwell Automation in a report on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $310.08.

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.