3,113 Shares in Rockwell Automation, Inc. (NYSE:ROK) Bought by Seven Eight Capital LP

Seven Eight Capital LP purchased a new position in shares of Rockwell Automation, Inc. (NYSE:ROKFree Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,113 shares of the industrial products company’s stock, valued at approximately $890,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new stake in Rockwell Automation during the 3rd quarter worth $26,000. Provence Wealth Management Group purchased a new stake in Rockwell Automation during the 3rd quarter worth $27,000. Delta Asset Management LLC TN bought a new stake in shares of Rockwell Automation in the 2nd quarter worth about $34,000. BluePath Capital Management LLC bought a new stake in shares of Rockwell Automation in the 3rd quarter worth about $29,000. Finally, Clear Street Markets LLC bought a new stake in shares of Rockwell Automation in the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Activity at Rockwell Automation

In related news, VP Scott Genereux sold 500 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $290.00, for a total value of $145,000.00. Following the completion of the sale, the vice president now owns 2,383 shares in the company, valued at approximately $691,070. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Rockwell Automation news, VP Scott Genereux sold 500 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $290.00, for a total value of $145,000.00. Following the transaction, the vice president now owns 2,383 shares in the company, valued at approximately $691,070. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Brian A. Shepherd sold 637 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $262.87, for a total transaction of $167,448.19. Following the completion of the transaction, the vice president now owns 5,088 shares in the company, valued at approximately $1,337,482.56. The disclosure for this sale can be found here. Insiders sold a total of 25,497 shares of company stock valued at $7,189,971 over the last ninety days. Insiders own 0.68% of the company’s stock.

Rockwell Automation Trading Up 1.0 %

Rockwell Automation stock opened at $294.07 on Friday. The firm has a 50 day simple moving average of $290.03 and a 200-day simple moving average of $286.75. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.25 and a quick ratio of 0.80. The stock has a market capitalization of $33.70 billion, a PE ratio of 27.98, a price-to-earnings-growth ratio of 2.70 and a beta of 1.43. Rockwell Automation, Inc. has a 12-month low of $252.11 and a 12-month high of $348.52.

Rockwell Automation (NYSE:ROKGet Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by ($0.58). The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.08 billion. Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. During the same quarter last year, the business earned $2.46 earnings per share. As a group, equities research analysts expect that Rockwell Automation, Inc. will post 12.36 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Tuesday, February 20th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Friday, February 16th. Rockwell Automation’s dividend payout ratio is presently 47.57%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Rockwell Automation from $262.00 to $230.00 and set an “underweight” rating for the company in a research report on Friday, February 2nd. Citigroup dropped their target price on shares of Rockwell Automation from $351.00 to $330.00 and set a “buy” rating for the company in a research report on Thursday, February 1st. Wells Fargo & Company dropped their target price on shares of Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating for the company in a research report on Thursday, February 1st. Oppenheimer dropped their target price on shares of Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, February 1st. Finally, UBS Group raised shares of Rockwell Automation from a “neutral” rating to a “buy” rating and lifted their price target for the company from $305.00 to $360.00 in a report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $306.64.

Get Our Latest Report on ROK

Rockwell Automation Company 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.

See Also

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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