Ossiam Grows Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Ossiam increased its position in shares of Rockwell Automation, Inc. (NYSE:ROKFree Report) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,784 shares of the industrial products company’s stock after buying an additional 90 shares during the period. Ossiam’s holdings in Rockwell Automation were worth $1,485,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Rockwell Automation by 2.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,752,223 shares of the industrial products company’s stock worth $786,778,000 after buying an additional 70,272 shares during the period. Northern Trust Corp increased its stake in Rockwell Automation by 3.2% during the 3rd quarter. Northern Trust Corp now owns 1,399,076 shares of the industrial products company’s stock worth $399,954,000 after buying an additional 43,992 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Rockwell Automation by 0.3% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 900,626 shares of the industrial products company’s stock worth $279,626,000 after buying an additional 2,736 shares during the period. Dimensional Fund Advisors LP grew its holdings in Rockwell Automation by 3.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 678,442 shares of the industrial products company’s stock worth $210,644,000 after acquiring an additional 19,656 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Rockwell Automation by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 645,485 shares of the industrial products company’s stock worth $200,410,000 after acquiring an additional 35,070 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ROK. Citigroup decreased their price objective 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. Wells Fargo & Company decreased their price objective 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. Robert W. Baird decreased their price objective 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. Loop Capital decreased their price objective on shares of Rockwell Automation from $300.00 to $290.00 and set a “hold” rating for the company in a report on Tuesday, May 14th. Finally, Barclays decreased their price target 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. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Rockwell Automation presently has a consensus rating of “Hold” and a consensus target price of $307.21.

Read Our Latest Research Report on ROK

Rockwell Automation Stock Down 0.3 %

ROK stock opened at $255.16 on Tuesday. Rockwell Automation, Inc. has a 52 week low of $251.28 and a 52 week high of $348.52. The company has a market capitalization of $29.09 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 4.00 and a beta of 1.38. The firm’s 50-day moving average is $271.41 and its two-hundred day moving average is $283.01. 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 released its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $2.50 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 company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the previous year, the firm earned $3.01 EPS. Rockwell Automation’s revenue was down 6.6% on a year-over-year basis. On average, analysts forecast 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 given a dividend of $1.25 per share. The ex-dividend date is Monday, August 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.96%. Rockwell Automation’s dividend payout ratio (DPR) is 48.88%.

Insiders Place Their Bets

In related news, SVP Tessa M. Myers sold 248 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $256.37, for a total value of $63,579.76. Following the sale, the senior vice president now directly owns 4,246 shares in the company, valued at approximately $1,088,547.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Isaac Woods sold 297 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $256.38, for a total value of $76,144.86. Following the sale, the vice president now directly owns 1,833 shares in the company, valued at approximately $469,944.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tessa M. Myers sold 248 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $256.37, for a total transaction of $63,579.76. Following the completion of the sale, the senior vice president now owns 4,246 shares in the company, valued at $1,088,547.02. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,671 shares of company stock worth $438,754. 0.68% of the stock is owned by corporate insiders.

About Rockwell Automation

(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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