Taylor Financial Group Inc. Buys New Stake in Rockwell Automation, Inc. (NYSE:ROK)

Taylor Financial Group Inc. bought a new stake in Rockwell Automation, Inc. (NYSE:ROKFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,923 shares of the industrial products company’s stock, valued at approximately $597,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ROK. International Assets Investment Management LLC grew its holdings in shares of Rockwell Automation by 33,600.1% in the fourth quarter. International Assets Investment Management LLC now owns 295,213 shares of the industrial products company’s stock valued at $91,658,000 after purchasing an additional 294,337 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in 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 buying an additional 238,097 shares during the period. Kodai Capital Management LP purchased a new position in Rockwell Automation during the fourth quarter worth $43,222,000. TimesSquare Capital Management LLC purchased a new position in Rockwell Automation during the third quarter worth $38,275,000. Finally, Nordea Investment Management AB boosted its stake in Rockwell Automation by 35.6% during the third quarter. Nordea Investment Management AB now owns 484,438 shares of the industrial products company’s stock worth $139,247,000 after buying an additional 127,303 shares during the period. 75.75% of the stock is owned by hedge funds and other institutional investors.

Rockwell Automation Stock Down 2.4 %

Shares of ROK stock traded down $6.33 during trading hours on Friday, reaching $254.39. 740,726 shares of the company’s stock were exchanged, compared to its average volume of 976,034. The stock’s fifty day moving average price is $270.24 and its two-hundred day moving average price is $282.59. The stock has a market cap of $29.00 billion, a PE ratio of 24.65, a PEG ratio of 4.10 and a beta of 1.37. Rockwell Automation, Inc. has a 1 year low of $249.00 and a 1 year high of $348.52. The company has a current ratio of 1.11, a quick ratio of 0.74 and a debt-to-equity ratio of 0.69.

Rockwell Automation (NYSE:ROKGet Free Report) last issued its earnings results on Wednesday, May 8th. The industrial products company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.35. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.05 billion. Rockwell Automation had a return on equity of 34.83% and a net margin of 13.19%. Rockwell Automation’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.01 earnings per share. Research analysts predict that Rockwell Automation, Inc. will post 10.14 EPS for the current year.

Rockwell Automation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 12th will be given a $1.25 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $5.00 dividend on an annualized basis and a yield of 1.97%. Rockwell Automation’s dividend payout ratio is currently 48.88%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Berenberg Bank restated a “hold” rating and issued a $290.00 price objective (down from $330.00) on shares of Rockwell Automation in a report on Wednesday, March 6th. Citigroup reduced their target price on shares of Rockwell Automation from $322.00 to $316.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Robert W. Baird reduced their target price on shares of Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. Barclays reduced their target price on shares of Rockwell Automation from $260.00 to $250.00 and set an “underweight” rating for the company in a report on Tuesday, June 4th. Finally, Wells Fargo & Company reduced their target price on shares of Rockwell Automation from $320.00 to $312.00 and set an “overweight” rating for the company in a report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Rockwell Automation has an average rating of “Hold” and a consensus price target of $307.21.

View Our Latest Analysis on ROK

Insider Activity at Rockwell Automation

In other Rockwell Automation news, VP John M. Miller sold 467 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $273.27, for a total value of $127,617.09. Following the completion of the transaction, the vice president now directly owns 4,800 shares of the company’s stock, valued at $1,311,696. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Rockwell Automation news, VP John M. Miller sold 467 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $273.27, for a total value of $127,617.09. Following the completion of the transaction, the vice president now directly owns 4,800 shares of the company’s stock, valued at $1,311,696. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Cyril Perducat sold 659 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $260.11, for a total value of $171,412.49. Following the completion of the transaction, the senior vice president now directly owns 4,630 shares of the company’s stock, valued at $1,204,309.30. The disclosure for this sale can be found here. Insiders have sold a total of 2,199 shares of company stock worth $572,750 over the last quarter. Insiders own 0.68% of the company’s stock.

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.

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

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