ExodusPoint Capital Management LP Trims Position in Rockwell Automation, Inc. (NYSE:ROK)

ExodusPoint Capital Management LP cut its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 58.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,323 shares of the industrial products company’s stock after selling 60,051 shares during the period. ExodusPoint Capital Management LP’s holdings in Rockwell Automation were worth $14,273,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ROK. Neo Ivy Capital Management purchased a new stake in Rockwell Automation in the second quarter worth $29,000. Clear Street Markets LLC purchased a new stake in Rockwell Automation in the fourth quarter worth $30,000. First Manhattan Co. grew its stake in Rockwell Automation by 150.0% in the fourth quarter. First Manhattan Co. now owns 125 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 75 shares during the period. GPS Wealth Strategies Group LLC grew its stake in Rockwell Automation by 62.9% in the second quarter. GPS Wealth Strategies Group LLC now owns 101 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 39 shares during the period. Finally, Delta Asset Management LLC TN purchased a new stake in Rockwell Automation in the second quarter worth $34,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Rockwell Automation Trading Down 1.5 %

Shares of NYSE:ROK opened at $271.12 on Tuesday. The company has a market cap of $31.09 billion, a P/E ratio of 22.67, a PEG ratio of 2.07 and a beta of 1.46. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.46 and a quick ratio of 1.04. Rockwell Automation, Inc. has a 1 year low of $248.71 and a 1 year high of $348.52. The stock’s fifty day moving average price is $276.64 and its 200-day moving average price is $296.34.

Rockwell Automation Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be issued a $1.25 dividend. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.18. The ex-dividend date is Friday, November 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.84%. Rockwell Automation’s dividend payout ratio is currently 41.81%.

Wall Street Analyst Weigh In

ROK has been the topic of several recent research reports. Stephens reaffirmed an “equal weight” rating and issued a $350.00 price target on shares of Rockwell Automation in a research note on Friday, November 3rd. Morgan Stanley boosted their target price on Rockwell Automation from $340.00 to $345.00 and gave the stock an “overweight” rating in a report on Wednesday, August 2nd. Mizuho dropped their target price on Rockwell Automation from $270.00 to $265.00 and set a “neutral” rating on the stock in a report on Friday, November 3rd. Bank of America dropped their target price on Rockwell Automation from $375.00 to $335.00 in a report on Wednesday, August 2nd. Finally, StockNews.com initiated coverage on Rockwell Automation in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Rockwell Automation presently has a consensus rating of “Hold” and an average price target of $299.20.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP Isaac Woods sold 113 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $285.43, for a total value of $32,253.59. Following the transaction, the vice president now owns 827 shares of the company’s stock, valued at $236,050.61. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Rockwell Automation news, VP Isaac Woods sold 113 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $285.43, for a total value of $32,253.59. Following the completion of the sale, the vice president now owns 827 shares in the company, valued at $236,050.61. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Veena M. Lakkundi sold 597 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $257.14, for a total value of $153,512.58. Following the completion of the sale, the senior vice president now owns 2,805 shares of the company’s stock, valued at approximately $721,277.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,150 shares of company stock valued at $311,281. 0.64% 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.