Rockwell Automation, Inc. (NYSE:ROK) Shares Acquired by TD Private Client Wealth LLC

TD Private Client Wealth LLC increased its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 33.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,525 shares of the industrial products company’s stock after acquiring an additional 382 shares during the quarter. TD Private Client Wealth LLC’s holdings in Rockwell Automation were worth $436,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Monetta Financial Services Inc. purchased a new stake in Rockwell Automation in the 4th quarter valued at about $800,000. Whittier Trust Co. grew its holdings in Rockwell Automation by 1.9% in the fourth quarter. Whittier Trust Co. now owns 1,896 shares of the industrial products company’s stock valued at $542,000 after purchasing an additional 35 shares during the period. Teacher Retirement System of Texas increased its position in Rockwell Automation by 39.1% during the fourth quarter. Teacher Retirement System of Texas now owns 1,063 shares of the industrial products company’s stock worth $304,000 after purchasing an additional 299 shares during the last quarter. Royal London Asset Management Ltd. raised its stake in Rockwell Automation by 3.1% during the fourth quarter. Royal London Asset Management Ltd. now owns 48,567 shares of the industrial products company’s stock worth $13,880,000 after purchasing an additional 1,452 shares during the period. Finally, WIM INVESTMENT MANAGEMENT Ltd boosted its holdings in shares of Rockwell Automation by 65.1% in the 4th quarter. WIM INVESTMENT MANAGEMENT Ltd now owns 39,950 shares of the industrial products company’s stock valued at $11,417,000 after purchasing an additional 15,750 shares during the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Stephens raised Rockwell Automation from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $275.00 to $350.00 in a research report on Thursday, January 16th. Oppenheimer lifted their price objective on Rockwell Automation from $300.00 to $320.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. BNP Paribas downgraded shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Citigroup lifted their price target on shares of Rockwell Automation from $345.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, KeyCorp raised shares of Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price objective for the company in a research report on Monday, December 9th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $307.68.

Rockwell Automation Trading Up 3.7 %

ROK opened at $268.25 on Tuesday. Rockwell Automation, Inc. has a 12-month low of $242.81 and a 12-month high of $308.70. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. The stock has a market capitalization of $30.33 billion, a PE ratio of 33.41, a P/E/G ratio of 3.53 and a beta of 1.39. The firm’s fifty day moving average price is $279.98 and its 200 day moving average price is $278.67.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. As a group, research analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were issued a $1.31 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.95%. Rockwell Automation’s dividend payout ratio (DPR) is 65.26%.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, VP Isaac Woods sold 895 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $274.72, for a total value of $245,874.40. Following the transaction, the vice president now owns 1,198 shares of the company’s stock, valued at $329,114.56. This trade represents a 42.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Tessa M. Myers sold 1,231 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $285.43, for a total value of $351,364.33. Following the transaction, the senior vice president now directly owns 3,650 shares of the company’s stock, valued at $1,041,819.50. This trade represents a 25.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,352 shares of company stock valued at $1,246,298. Corporate insiders own 0.68% of the company’s stock.

About Rockwell Automation

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.