Rockwell Automation, Inc. (NYSE:ROK) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC raised its holdings in Rockwell Automation, Inc. (NYSE:ROKFree Report) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 579,012 shares of the industrial products company’s stock after purchasing an additional 23,074 shares during the period. Fisher Asset Management LLC owned about 0.51% of Rockwell Automation worth $179,772,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Provence Wealth Management Group purchased a new position in Rockwell Automation in the 3rd quarter valued at about $27,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Rockwell Automation in the fourth quarter worth approximately $27,000. Security National Bank purchased a new stake in shares of Rockwell Automation during the fourth quarter worth approximately $40,000. Fortitude Family Office LLC acquired a new position in Rockwell Automation in the 4th quarter valued at $46,000. Finally, Cape Investment Advisory Inc. purchased a new position in Rockwell Automation in the 4th quarter valued at $54,000. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Rockwell Automation Trading Down 2.4 %

Shares of ROK traded down $6.33 during trading on Friday, reaching $254.39. 741,059 shares of the company traded hands, compared to its average volume of 718,507. The stock has a 50-day simple moving average of $269.74 and a 200-day simple moving average of $282.65. The stock has a market cap of $29.00 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 3.97 and a beta of 1.37. Rockwell Automation, Inc. has a twelve month low of $249.00 and a twelve month high of $348.52. The company has a quick ratio of 0.74, a current ratio of 1.11 and a debt-to-equity ratio of 0.69.

Rockwell Automation (NYSE:ROKGet Free Report) last posted its earnings results on Wednesday, May 8th. The industrial products company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.35. Rockwell Automation had a net margin of 13.19% and a return on equity of 34.83%. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter last year, the firm earned $3.01 EPS. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, analysts anticipate that Rockwell Automation, Inc. will post 10.14 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders 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 annualized dividend and a dividend yield of 1.97%. Rockwell Automation’s dividend payout ratio is presently 48.88%.

Wall Street Analysts Forecast Growth

ROK has been the subject of a number of research reports. Robert W. Baird dropped their target price 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. Wells Fargo & Company cut 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. JPMorgan Chase & Co. restated an “underweight” rating and issued a $254.00 price target on shares of Rockwell Automation in a research report on Thursday, March 21st. Loop Capital reduced their price objective on Rockwell Automation from $300.00 to $290.00 and set a “hold” rating on the stock in a research report on Tuesday, May 14th. Finally, Berenberg Bank restated a “hold” rating and issued a $290.00 target price (down from $330.00) on shares of Rockwell Automation in a report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $307.21.

View Our Latest Stock Report on ROK

Insider Activity

In other Rockwell Automation news, VP John M. Miller sold 467 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $273.27, for a total value of $127,617.09. Following the completion of the transaction, the vice president now owns 4,800 shares in the company, valued at $1,311,696. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, SVP Cyril Perducat sold 659 shares of Rockwell Automation stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $260.11, for a total transaction of $171,412.49. Following the completion of the sale, the senior vice president now directly owns 4,630 shares of the company’s stock, valued at approximately $1,204,309.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP John M. Miller sold 467 shares of the stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $273.27, for a total value of $127,617.09. Following the completion of the transaction, the vice president now directly owns 4,800 shares in the company, valued at approximately $1,311,696. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,199 shares of company stock valued at $572,750. 0.68% of the stock is currently owned by company insiders.

Rockwell Automation 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.

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

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