Ossiam Boosts Stake in Rockwell Automation, Inc. (NYSE:ROK)

Ossiam boosted its stake in shares of Rockwell Automation, Inc. (NYSE:ROKFree Report) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,784 shares of the industrial products company’s stock after buying an additional 90 shares during the period. Ossiam’s holdings in Rockwell Automation were worth $1,485,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Patrick M Sweeney & Associates Inc. purchased a new stake in Rockwell Automation during the fourth quarter worth $380,000. Sequoia Financial Advisors LLC increased its position in shares of Rockwell Automation by 676.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 32,156 shares of the industrial products company’s stock worth $9,984,000 after purchasing an additional 28,016 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of Rockwell Automation by 0.9% during the third quarter. Mercer Global Advisors Inc. ADV now owns 11,423 shares of the industrial products company’s stock worth $3,266,000 after purchasing an additional 97 shares in the last quarter. Carnegie Capital Asset Management LLC increased its position in shares of Rockwell Automation by 5.0% during the fourth quarter. Carnegie Capital Asset Management LLC now owns 85,551 shares of the industrial products company’s stock worth $26,562,000 after purchasing an additional 4,093 shares in the last quarter. Finally, Lincoln National Corp increased its position in shares of Rockwell Automation by 76.5% during the fourth quarter. Lincoln National Corp now owns 3,111 shares of the industrial products company’s stock worth $966,000 after purchasing an additional 1,348 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Rockwell Automation Trading Down 0.3 %

ROK stock opened at $255.16 on Tuesday. The company’s 50-day simple moving average is $271.41 and its 200-day simple moving average is $283.01. The company has a quick ratio of 0.74, a current ratio of 1.11 and a debt-to-equity ratio of 0.69. Rockwell Automation, Inc. has a 52-week low of $251.28 and a 52-week high of $348.52. The firm has a market cap of $29.09 billion, a P/E ratio of 24.94, a PEG ratio of 4.00 and a beta of 1.38.

Rockwell Automation (NYSE:ROKGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.35. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.05 billion. Rockwell Automation had a net margin of 13.19% and a return on equity of 34.83%. Rockwell Automation’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period last year, the company posted $3.01 EPS. As a group, equities analysts forecast that Rockwell Automation, Inc. will post 10.14 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th will be issued a dividend of $1.25 per share. The ex-dividend date is Monday, August 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.96%. Rockwell Automation’s dividend payout ratio is currently 48.88%.

Insider Transactions at Rockwell Automation

In related news, SVP Cyril Perducat sold 659 shares of Rockwell Automation stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $260.11, for a total value of $171,412.49. Following the completion of the sale, the senior vice president now owns 4,630 shares in the company, valued at approximately $1,204,309.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Rockwell Automation news, SVP Cyril Perducat sold 659 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $260.11, for a total value of $171,412.49. Following the completion of the transaction, the senior vice president now owns 4,630 shares in the company, valued at $1,204,309.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Tessa M. Myers sold 248 shares of the business’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $256.37, for a total transaction of $63,579.76. Following the transaction, the senior vice president now owns 4,246 shares of the company’s stock, valued at approximately $1,088,547.02. The disclosure for this sale can be found here. Insiders sold 1,671 shares of company stock worth $438,754 in the last 90 days. Insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Mizuho reduced their price target on Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Loop Capital cut their target price on Rockwell Automation from $300.00 to $290.00 and set a “hold” rating on the stock in a research report on Tuesday, May 14th. Citigroup cut their target price on Rockwell Automation from $322.00 to $316.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Wells Fargo & Company cut their target price on Rockwell Automation from $320.00 to $312.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. Finally, Berenberg Bank reissued a “hold” rating and issued a $290.00 target price (down from $330.00) on shares of Rockwell Automation in a research report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, Rockwell Automation has a consensus rating of “Hold” and a consensus price target of $307.21.

View Our Latest Stock Analysis on ROK

Rockwell Automation Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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