Norinchukin Bank The Acquires 259 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Norinchukin Bank The boosted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,971 shares of the industrial products company’s stock after purchasing an additional 259 shares during the quarter. Norinchukin Bank The’s holdings in Rockwell Automation were worth $1,992,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ROK. West Oak Capital LLC grew its holdings in shares of Rockwell Automation by 455.6% during the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 82 shares in the last quarter. Bank of Jackson Hole Trust acquired a new position in Rockwell Automation during the fourth quarter worth $34,000. SBI Securities Co. Ltd. acquired a new stake in shares of Rockwell Automation in the 4th quarter valued at $35,000. Flagship Wealth Advisors LLC bought a new stake in shares of Rockwell Automation in the 4th quarter worth about $38,000. Finally, Knuff & Co LLC increased its position in shares of Rockwell Automation by 41.0% during the 4th quarter. Knuff & Co LLC now owns 141 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 41 shares in the last quarter. 75.75% of the stock is owned by institutional investors.

Rockwell Automation Stock Up 1.5 %

Shares of NYSE:ROK opened at $231.51 on Monday. The company has a 50 day moving average price of $263.01 and a two-hundred day moving average price of $275.43. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. The company has a market capitalization of $26.18 billion, a PE ratio of 28.83, a PEG ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $308.70.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, beating 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%. Analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be issued a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Monday, May 19th. Rockwell Automation’s dividend payout ratio (DPR) is presently 65.26%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Citigroup decreased their price objective on shares of Rockwell Automation from $350.00 to $283.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Robert W. Baird lifted their price target on Rockwell Automation from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. decreased their price target on shares of Rockwell Automation from $248.00 to $201.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 8th. Loop Capital increased their price objective on Rockwell Automation from $260.00 to $280.00 and gave the company a “hold” rating in a research report on Tuesday, February 25th. Finally, BNP Paribas upgraded Rockwell Automation from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 9th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Rockwell Automation presently has an average rating of “Hold” and a consensus target price of $297.11.

Insider Activity at Rockwell Automation

In related news, VP Isaac Woods sold 876 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $284.03, for a total value of $248,810.28. Following the completion of the transaction, the vice president now directly owns 1,057 shares of the company’s stock, valued at approximately $300,219.71. This represents a 45.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tessa M. Myers sold 1,231 shares of Rockwell Automation stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $285.43, for a total value of $351,364.33. Following the completion of the sale, the senior vice president now directly owns 3,650 shares in the company, valued at $1,041,819.50. This represents a 25.22 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 3,750 shares of company stock worth $1,075,923. 0.68% of the stock is owned by company insiders.

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.