Mitsubishi UFJ Trust & Banking Corp Sells 3,445 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Mitsubishi UFJ Trust & Banking Corp trimmed its stake in shares of Rockwell Automation, Inc. (NYSE:ROKFree Report) by 4.6% during the 3rd quarter, Holdings Channel reports. The fund owned 70,898 shares of the industrial products company’s stock after selling 3,445 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Rockwell Automation were worth $20,268,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ROK. Markel Corp grew its holdings in Rockwell Automation by 1.3% in the first quarter. Markel Corp now owns 152,900 shares of the industrial products company’s stock valued at $42,816,000 after purchasing an additional 2,000 shares during the period. Sei Investments Co. grew its holdings in Rockwell Automation by 10.3% in the first quarter. Sei Investments Co. now owns 57,480 shares of the industrial products company’s stock valued at $16,221,000 after purchasing an additional 5,386 shares during the period. Prudential PLC acquired a new stake in Rockwell Automation in the first quarter valued at approximately $642,000. Sequoia Financial Advisors LLC grew its holdings in Rockwell Automation by 3.0% in the first quarter. Sequoia Financial Advisors LLC now owns 3,649 shares of the industrial products company’s stock valued at $1,021,000 after purchasing an additional 107 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Rockwell Automation by 0.9% in the first quarter. Vanguard Group Inc. now owns 11,472,877 shares of the industrial products company’s stock valued at $3,212,750,000 after purchasing an additional 106,641 shares during the period. 80.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Rockwell Automation

In related news, CEO Blake D. Moret sold 6,644 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $279.68, for a total value of $1,858,193.92. Following the sale, the chief executive officer now owns 73,715 shares in the company, valued at approximately $20,616,611.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Blake D. Moret sold 1,143 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $278.73, for a total transaction of $318,588.39. Following the completion of the transaction, the chief executive officer now directly owns 65,848 shares of the company’s stock, valued at approximately $18,353,813.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Blake D. Moret sold 6,644 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $279.68, for a total value of $1,858,193.92. Following the transaction, the chief executive officer now directly owns 73,715 shares of the company’s stock, valued at $20,616,611.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,386 shares of company stock worth $2,892,850. 0.68% of the stock is currently owned by company insiders.

Rockwell Automation Price Performance

NYSE:ROK opened at $283.50 on Monday. Rockwell Automation, Inc. has a 52 week low of $252.11 and a 52 week high of $348.52. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $32.49 billion, a P/E ratio of 26.97, a P/E/G ratio of 2.62 and a beta of 1.42. The stock’s fifty day moving average is $295.26 and its two-hundred day moving average is $289.65.

Rockwell Automation (NYSE:ROKGet Free Report) last posted its earnings results on Wednesday, January 31st. The industrial products company reported $2.04 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 business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the prior year, the firm earned $2.46 EPS. Equities analysts expect that Rockwell Automation, Inc. will post 12.42 EPS for the current year.

Rockwell Automation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Tuesday, February 20th will be given a $1.25 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $5.00 dividend on an annualized basis and a yield of 1.76%. Rockwell Automation’s dividend payout ratio is currently 47.57%.

Wall Street Analysts Forecast Growth

ROK has been the topic of a number of research analyst reports. Oppenheimer lowered their price target on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, February 1st. Citigroup lowered their price target on Rockwell Automation from $351.00 to $330.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. UBS Group raised Rockwell Automation from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $305.00 to $360.00 in a research note on Wednesday, January 3rd. 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. Finally, Mizuho lowered their price target on Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating on the stock in a research note on Thursday, February 1st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $307.92.

View Our Latest Report on Rockwell Automation

Rockwell Automation 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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