GAM Holding AG Sells 632 Shares of Rockwell Automation, Inc. (NYSE:ROK)

GAM Holding AG lowered its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 6.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,714 shares of the industrial products company’s stock after selling 632 shares during the quarter. GAM Holding AG’s holdings in Rockwell Automation were worth $2,490,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp raised its holdings in Rockwell Automation by 0.3% during 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 in the last quarter. Geode Capital Management LLC increased its holdings 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 last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Rockwell Automation by 33.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company’s stock valued at $417,802,000 after acquiring an additional 390,784 shares in the last quarter. Accredited Investors Inc. lifted its holdings in Rockwell Automation by 162,058.5% in the 3rd quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company’s stock worth $318,227,000 after purchasing an additional 1,184,648 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Rockwell Automation by 6.4% during 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 Buying and Selling at Rockwell Automation

In other Rockwell Automation news, CEO Blake D. Moret sold 26,700 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $298.63, for a total transaction of $7,973,421.00. Following the sale, the chief executive officer now directly owns 78,115 shares of the company’s stock, valued at approximately $23,327,482.45. This represents a 25.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Scott Genereux sold 279 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $296.13, for a total transaction of $82,620.27. Following the sale, the vice president now directly owns 2,891 shares of the company’s stock, valued at approximately $856,111.83. The trade was a 8.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,240 shares of company stock worth $10,800,555 over the last three months. Company insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ROK shares. The Goldman Sachs Group lifted their price target on shares of Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a research report on Tuesday, February 11th. Jefferies Financial Group upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and lifted their target price for the stock from $290.00 to $350.00 in a report on Thursday, December 12th. UBS Group began coverage on shares of Rockwell Automation in a report on Wednesday, November 13th. They set a “neutral” rating and a $313.00 price target for the company. Oppenheimer lifted their price objective on Rockwell Automation from $300.00 to $320.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Finally, Citigroup increased their target price on Rockwell Automation from $345.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $308.05.

Rockwell Automation Price Performance

NYSE:ROK opened at $294.81 on Tuesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 1.08. The company has a 50-day moving average of $286.25 and a 200-day moving average of $275.95. Rockwell Automation, Inc. has a 52 week low of $242.81 and a 52 week high of $308.70. The company has a market capitalization of $33.32 billion, a price-to-earnings ratio of 35.61, a PEG ratio of 2.89 and a beta of 1.35.

Rockwell Automation (NYSE:ROK) last announced 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 11.53% and a return on equity of 30.42%. As a group, equities research analysts anticipate that Rockwell Automation, Inc. will post 9.32 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be paid a $1.31 dividend. This represents a $5.24 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Tuesday, February 18th. Rockwell Automation’s dividend payout ratio is 63.29%.

About Rockwell Automation

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.