Desjardins Global Asset Management Inc. Has $483,000 Position in Rockwell Automation, Inc. (NYSE:ROK)

Desjardins Global Asset Management Inc. lowered its position in Rockwell Automation, Inc. (NYSE:ROK) by 37.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,556 shares of the industrial products company’s stock after selling 913 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Rockwell Automation were worth $483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Valeo Financial Advisors LLC increased its position in Rockwell Automation by 1.9% during the 4th quarter. Valeo Financial Advisors LLC now owns 1,915 shares of the industrial products company’s stock valued at $595,000 after purchasing an additional 35 shares during the period. Bison Wealth LLC increased its position in Rockwell Automation by 3.3% during the 4th quarter. Bison Wealth LLC now owns 1,168 shares of the industrial products company’s stock valued at $363,000 after purchasing an additional 37 shares during the period. Cohen Lawrence B increased its position in Rockwell Automation by 0.5% during the 3rd quarter. Cohen Lawrence B now owns 8,319 shares of the industrial products company’s stock valued at $2,378,000 after purchasing an additional 38 shares during the period. Raleigh Capital Management Inc. increased its position in Rockwell Automation by 24.2% during the 3rd quarter. Raleigh Capital Management Inc. now owns 195 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 38 shares during the period. Finally, Cottage Street Advisors LLC increased its position in Rockwell Automation by 3.8% during the 4th quarter. Cottage Street Advisors LLC now owns 1,038 shares of the industrial products company’s stock valued at $319,000 after purchasing an additional 38 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Activity

In related news, CEO Blake D. Moret purchased 3,500 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were purchased at an average cost of $283.64 per share, for a total transaction of $992,740.00. Following the completion of the transaction, the chief executive officer now directly owns 77,215 shares in the company, valued at approximately $21,901,262.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Blake D. Moret purchased 3,500 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were purchased at an average cost of $283.64 per share, for a total transaction of $992,740.00. Following the completion of the transaction, the chief executive officer now directly owns 77,215 shares in the company, valued at approximately $21,901,262.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Isaac Woods sold 150 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $287.59, for a total value of $43,138.50. Following the sale, the vice president now owns 1,199 shares in the company, valued at $344,820.41. The disclosure for this sale can be found here. Insiders have sold a total of 17,877 shares of company stock worth $5,058,772 over the last ninety days. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Trading Down 1.0 %

Shares of Rockwell Automation stock opened at $278.65 on Thursday. Rockwell Automation, Inc. has a 52-week low of $252.11 and a 52-week high of $348.52. The stock’s 50-day simple moving average is $283.24 and its 200 day simple moving average is $284.34. The stock has a market capitalization of $31.93 billion, a P/E ratio of 26.51, a P/E/G ratio of 2.83 and a beta of 1.43. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.25.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.58). Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the prior year, the firm posted $2.46 earnings per share. As a group, research analysts anticipate that Rockwell Automation, Inc. will post 12.03 EPS for the current year.

Rockwell Automation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Friday, May 10th. Rockwell Automation’s dividend payout ratio is currently 47.57%.

Analyst Ratings Changes

A number of analysts have weighed in on ROK shares. Berenberg Bank reissued a “hold” rating and set a $290.00 target price (down previously from $330.00) on shares of Rockwell Automation in a research report on Wednesday, March 6th. Mizuho reduced their price objective on shares of Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating for the company in a research report on Thursday, February 1st. Oppenheimer reduced their price objective on shares of Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, February 1st. Citigroup reduced their price objective on shares of Rockwell Automation from $330.00 to $322.00 and set a “buy” rating for the company in a research report on Monday, April 8th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $254.00 target price on shares of Rockwell Automation in a report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Rockwell Automation currently has a consensus rating of “Hold” and a consensus target price of $310.08.

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.