Commerce Bank Has $11.64 Million Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Commerce Bank trimmed its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 26.4% during the fourth quarter, HoldingsChannel reports. The fund owned 40,710 shares of the industrial products company’s stock after selling 14,588 shares during the period. Commerce Bank’s holdings in Rockwell Automation were worth $11,635,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in shares of Rockwell Automation by 7.3% in the third quarter. Wellington Management Group LLP now owns 789 shares of the industrial products company’s stock valued at $212,000 after purchasing an additional 54 shares in the last quarter. Virtu Financial LLC bought a new stake in Rockwell Automation in the 3rd quarter valued at approximately $1,348,000. Wilmington Savings Fund Society FSB acquired a new position in Rockwell Automation during the 3rd quarter worth approximately $464,000. Tidal Investments LLC grew its stake in shares of Rockwell Automation by 4.3% during the 3rd quarter. Tidal Investments LLC now owns 8,404 shares of the industrial products company’s stock worth $2,256,000 after acquiring an additional 350 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Rockwell Automation by 5.8% in the third quarter. Principal Financial Group Inc. now owns 204,679 shares of the industrial products company’s stock valued at $54,948,000 after purchasing an additional 11,161 shares during the last quarter. 75.75% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, VP Terry L. Riesterer sold 850 shares of the stock in a transaction that occurred 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 sale, the vice president now owns 1,633 shares in the company, valued at approximately $490,242.93. This trade represents a 34.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Isaac Woods sold 876 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $284.03, for a total transaction of $248,810.28. Following the transaction, the vice president now owns 1,057 shares of the company’s stock, valued at approximately $300,219.71. This represents a 45.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,750 shares of company stock worth $1,075,923 in the last 90 days. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Price Performance

Shares of NYSE ROK opened at $231.51 on Friday. The business’s 50 day moving average is $263.01 and its 200-day moving average is $275.29. The firm has a market cap of $26.18 billion, a P/E ratio of 28.83, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $308.70. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72.

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

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be given a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Monday, May 19th. Rockwell Automation’s dividend payout ratio is currently 65.26%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Loop Capital raised their target price on shares of Rockwell Automation from $260.00 to $280.00 and gave the company a “hold” rating in a research report on Tuesday, February 25th. Morgan Stanley raised their price objective on Rockwell Automation from $335.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. The Goldman Sachs Group upped their target price on Rockwell Automation from $257.00 to $290.00 and gave the stock a “sell” rating in a report on Tuesday, February 11th. Barclays decreased their price target on Rockwell Automation from $280.00 to $260.00 and set an “equal weight” rating for the company in a research note on Thursday, April 10th. Finally, Robert W. Baird upped their price objective on Rockwell Automation from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Rockwell Automation presently has a consensus rating of “Hold” and an average target price of $297.11.

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.