City State Bank Grows Holdings in Rockwell Automation, Inc. (NYSE:ROK)

City State Bank boosted its holdings in shares of Rockwell Automation, Inc. (NYSE:ROKFree Report) by 37.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 730 shares of the industrial products company’s stock after purchasing an additional 200 shares during the period. City State Bank’s holdings in Rockwell Automation were worth $213,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. International Assets Investment Management LLC grew its position in Rockwell Automation by 33,600.1% in the 4th quarter. International Assets Investment Management LLC now owns 295,213 shares of the industrial products company’s stock valued at $91,658,000 after buying an additional 294,337 shares during the last quarter. Public Employees Retirement Association of Colorado increased its stake in shares of Rockwell Automation by 2,932.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 246,217 shares of the industrial products company’s stock worth $76,445,000 after acquiring an additional 238,097 shares during the period. Kodai Capital Management LP purchased a new position in Rockwell Automation during the fourth quarter worth about $43,222,000. TimesSquare Capital Management LLC acquired a new stake in Rockwell Automation in the third quarter valued at about $38,275,000. Finally, Qube Research & Technologies Ltd boosted its holdings in Rockwell Automation by 1,294.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 127,891 shares of the industrial products company’s stock valued at $36,560,000 after purchasing an additional 118,721 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ROK shares. Loop Capital cut their target price on Rockwell Automation from $300.00 to $290.00 and set a “hold” rating for the company in a research note on Tuesday, May 14th. Wells Fargo & Company reduced their target price on Rockwell Automation from $320.00 to $312.00 and set an “overweight” rating for the company in a report on Wednesday, May 8th. Robert W. Baird lowered their price target on shares of Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $254.00 price target on shares of Rockwell Automation in a report on Thursday, March 21st. Finally, Barclays decreased their price objective on shares of Rockwell Automation from $260.00 to $250.00 and set an “underweight” rating on the stock in a report on Tuesday, June 4th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $307.21.

Get Our Latest Stock Report on ROK

Rockwell Automation Price Performance

Shares of Rockwell Automation stock traded down $2.00 during trading on Friday, hitting $258.52. 2,069,316 shares of the company were exchanged, compared to its average volume of 711,797. Rockwell Automation, Inc. has a fifty-two week low of $249.00 and a fifty-two week high of $348.52. The stock has a market capitalization of $29.47 billion, a price-to-earnings ratio of 25.27, a P/E/G ratio of 4.07 and a beta of 1.37. The firm has a 50 day moving average price of $267.22 and a 200 day moving average price of $281.98. 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 (NYSE:ROKGet Free Report) last announced its earnings results on Wednesday, May 8th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.35. Rockwell Automation had a net margin of 13.19% and a return on equity of 34.83%. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter last year, the business earned $3.01 earnings per share. Rockwell Automation’s revenue was down 6.6% compared to the same quarter last year. On average, equities analysts expect that Rockwell Automation, Inc. will post 10.14 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Monday, August 12th. Rockwell Automation’s dividend payout ratio is currently 48.88%.

Insider Activity at Rockwell Automation

In related news, SVP Tessa M. Myers sold 528 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $253.78, for a total value of $133,995.84. Following the completion of the sale, the senior vice president now directly owns 3,718 shares in the company, valued at approximately $943,554.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Rockwell Automation news, SVP Tessa M. Myers sold 528 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $253.78, for a total transaction of $133,995.84. Following the completion of the transaction, the senior vice president now directly owns 3,718 shares of the company’s stock, valued at approximately $943,554.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John M. Miller sold 467 shares of Rockwell Automation stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $273.27, for a total transaction of $127,617.09. Following the sale, the vice president now owns 4,800 shares in the company, valued at $1,311,696. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,199 shares of company stock worth $572,750. 0.68% of the stock is owned by insiders.

Rockwell Automation Company 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.

See Also

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

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