Treasurer of the State of North Carolina Purchases 240 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Treasurer of the State of North Carolina increased its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 51,744 shares of the industrial products company’s stock after buying an additional 240 shares during the period. Treasurer of the State of North Carolina’s holdings in Rockwell Automation were worth $14,788,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. West Oak Capital LLC grew its stake in Rockwell Automation by 455.6% in the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 82 shares during the period. Bank of Jackson Hole Trust purchased a new position in shares of Rockwell Automation in the 4th quarter worth about $34,000. SBI Securities Co. Ltd. purchased a new position in shares of Rockwell Automation in the 4th quarter worth about $35,000. Flagship Wealth Advisors LLC bought a new position in Rockwell Automation during the fourth quarter valued at about $38,000. Finally, Knuff & Co LLC increased its holdings in Rockwell Automation by 41.0% during the fourth quarter. Knuff & Co LLC now owns 141 shares of the industrial products company’s stock worth $40,000 after buying an additional 41 shares during the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Morgan Stanley increased their target price on shares of Rockwell Automation from $335.00 to $345.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Citigroup raised their target price on Rockwell Automation from $345.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Oppenheimer upped their price target on Rockwell Automation from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Stephens raised Rockwell Automation from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $275.00 to $350.00 in a report on Thursday, January 16th. Finally, The Goldman Sachs Group upped their price objective on shares of Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a report on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $300.63.

Rockwell Automation Stock Down 0.5 %

Shares of NYSE:ROK opened at $229.01 on Friday. The company has a market cap of $25.89 billion, a price-to-earnings ratio of 28.52, a PEG ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $308.70. The firm has a fifty day moving average price of $268.12 and a two-hundred day moving average price of $276.64. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72.

Rockwell Automation (NYSE:ROK) last posted its 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 return on equity of 30.17% and a net margin of 11.38%. Analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be paid a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Monday, May 19th. Rockwell Automation’s dividend payout ratio is currently 65.26%.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, SVP Tessa M. Myers sold 1,231 shares of Rockwell Automation stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $285.43, for a total transaction of $351,364.33. Following the completion of the sale, the senior vice president now owns 3,650 shares of the company’s stock, valued at $1,041,819.50. The trade was a 25.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Terry L. Riesterer sold 850 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total value of $255,178.50. Following the completion of the transaction, the vice president now owns 1,633 shares of the company’s stock, valued at $490,242.93. The trade was a 34.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,750 shares of company stock worth $1,075,923 over the last three months. 0.68% of the stock is owned by 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.