Rockwell Automation, Inc. (NYSE:ROK) Stock Position Lifted by Norinchukin Bank The

Norinchukin Bank The lifted its position in Rockwell Automation, Inc. (NYSE:ROK) by 3.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,971 shares of the industrial products company’s stock after acquiring an additional 259 shares during the quarter. Norinchukin Bank The’s holdings in Rockwell Automation were worth $1,992,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Rockwell Automation by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 13,876,530 shares of the industrial products company’s stock valued at $3,965,774,000 after purchasing an additional 81,079 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Rockwell Automation by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 2,734,430 shares of the industrial products company’s stock valued at $779,426,000 after buying an additional 51,228 shares during the last quarter. Amundi raised its stake in Rockwell Automation by 26.2% during the fourth quarter. Amundi now owns 2,073,594 shares of the industrial products company’s stock worth $580,095,000 after acquiring an additional 430,498 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Rockwell Automation by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,570,036 shares of the industrial products company’s stock worth $448,701,000 after acquiring an additional 13,744 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Rockwell Automation by 3.9% in the fourth quarter. Invesco Ltd. now owns 1,417,323 shares of the industrial products company’s stock valued at $405,057,000 after acquiring an additional 53,287 shares during the period. 75.75% of the stock is currently owned by institutional investors.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, VP Terry L. Riesterer sold 850 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $300.21, for a total value of $255,178.50. Following the completion of the sale, the vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Tessa M. Myers sold 1,231 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $285.43, for a total transaction of $351,364.33. Following the transaction, the senior vice president now directly owns 3,650 shares in the company, valued at $1,041,819.50. The trade was a 25.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,750 shares of company stock valued at $1,075,923. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Up 1.5 %

Shares of Rockwell Automation stock opened at $231.51 on Monday. The stock’s fifty day moving average is $263.01 and its 200-day moving average is $275.43. The firm has a market capitalization of $26.18 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $308.70. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share 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%. Equities analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be paid a dividend of $1.31 per share. The ex-dividend date is Monday, May 19th. This represents a $5.24 annualized dividend and a yield of 2.26%. Rockwell Automation’s dividend payout ratio (DPR) is presently 65.26%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wells Fargo & Company raised their price target on Rockwell Automation from $315.00 to $337.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Barclays reduced their price target on shares of Rockwell Automation from $280.00 to $260.00 and set an “equal weight” rating for the company in a report on Thursday, April 10th. JPMorgan Chase & Co. cut their price objective on shares of Rockwell Automation from $248.00 to $201.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 8th. BNP Paribas upgraded shares of Rockwell Automation from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 9th. Finally, Robert W. Baird lifted their price target on Rockwell Automation from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Rockwell Automation presently has an average rating of “Hold” and an average target price of $297.11.

Rockwell Automation 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.