Terra Alpha Investments LLC Takes $1.58 Million Position in Rockwell Automation, Inc. (NYSE:ROK)

Terra Alpha Investments LLC acquired a new stake in Rockwell Automation, Inc. (NYSE:ROK) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 5,544 shares of the industrial products company’s stock, valued at approximately $1,584,000. Rockwell Automation accounts for about 1.6% of Terra Alpha Investments LLC’s investment portfolio, making the stock its 25th largest holding.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ROK. State Street Corp boosted its stake in shares of Rockwell Automation by 0.3% in the third quarter. State Street Corp now owns 4,648,137 shares of the industrial products company’s stock valued at $1,247,839,000 after buying an additional 11,949 shares during the period. Geode Capital Management LLC lifted its position in shares of Rockwell Automation by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,683,202 shares of the industrial products company’s stock valued at $717,865,000 after acquiring an additional 14,040 shares during the period. Amundi lifted its position in shares of Rockwell Automation by 26.2% during the 4th quarter. Amundi now owns 2,073,594 shares of the industrial products company’s stock valued at $580,095,000 after acquiring an additional 430,498 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Rockwell Automation by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,570,036 shares of the industrial products company’s stock worth $448,701,000 after purchasing an additional 13,744 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Rockwell Automation by 6.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,811 shares of the industrial products company’s stock worth $303,041,000 after purchasing an additional 67,684 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Transactions at Rockwell Automation

In related news, VP Terry L. Riesterer sold 850 shares of Rockwell Automation stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $300.21, for a total transaction of $255,178.50. Following the completion of the transaction, the vice president now owns 1,633 shares of the company’s stock, valued at $490,242.93. This trade represents a 34.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tessa M. Myers sold 1,231 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $285.43, for a total transaction of $351,364.33. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders sold 4,352 shares of company stock worth $1,246,298 over the last ninety days. 0.68% of the stock is owned by insiders.

Rockwell Automation Stock Up 1.9 %

NYSE:ROK opened at $260.09 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $308.70. The firm’s 50 day simple moving average is $282.10 and its 200 day simple moving average is $278.81. The company has a market cap of $29.41 billion, a PE ratio of 32.39, a P/E/G ratio of 3.53 and a beta of 1.39.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. On average, research analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were paid a $1.31 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $5.24 annualized dividend and a dividend yield of 2.01%. Rockwell Automation’s payout ratio is 65.26%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 15th. Morgan Stanley upped their price target on shares of Rockwell Automation from $335.00 to $345.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. BNP Paribas cut shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Barclays cut their target price on Rockwell Automation from $300.00 to $285.00 and set an “equal weight” rating for the company in a research note on Monday, March 10th. Finally, Oppenheimer raised their target price on Rockwell Automation from $300.00 to $320.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Rockwell Automation presently has an average rating of “Hold” and a consensus target price of $307.68.

Rockwell Automation 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.