Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd reduced its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,981 shares of the industrial products company’s stock after selling 88 shares during the period. Gulf International Bank UK Ltd’s holdings in Rockwell Automation were worth $2,566,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ROK. Ashton Thomas Securities LLC acquired a new position in shares of Rockwell Automation during the 3rd quarter worth approximately $26,000. West Oak Capital LLC boosted its holdings in shares of Rockwell Automation by 455.6% during the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 82 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Rockwell Automation during the 3rd quarter worth approximately $34,000. Bank of Jackson Hole Trust acquired a new position in shares of Rockwell Automation during the 4th quarter worth approximately $34,000. Finally, Asset Planning Inc acquired a new position in shares of Rockwell Automation during the 4th quarter worth approximately $49,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Loop Capital boosted their target price on Rockwell Automation from $260.00 to $280.00 and gave the stock a “hold” rating in a report on Tuesday. BNP Paribas cut Rockwell Automation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 11th. Morgan Stanley upped their price objective on Rockwell Automation from $335.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. KeyCorp upgraded Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price objective on the stock in a report on Monday, December 9th. Finally, Citigroup upped their price objective on Rockwell Automation from $345.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $307.55.

Rockwell Automation Stock Up 1.1 %

Shares of NYSE ROK opened at $287.51 on Friday. The firm has a market cap of $32.51 billion, a price-to-earnings ratio of 35.80, a PEG ratio of 3.53 and a beta of 1.35. 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, Inc. has a 52-week low of $242.81 and a 52-week high of $308.70. The business’s 50 day moving average is $286.05 and its two-hundred day moving average is $278.35.

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 analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. Research analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be given a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Tuesday, February 18th. Rockwell Automation’s dividend payout ratio is currently 65.26%.

Insider Transactions at Rockwell Automation

In other news, SVP Matheus De A. G. Viera Bulho sold 1,304 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $299.61, for a total transaction of $390,691.44. Following the sale, the senior vice president now owns 1,059 shares of the company’s stock, valued at approximately $317,286.99. This represents a 55.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Blake D. Moret sold 1,741 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $296.67, for a total value of $516,502.47. Following the completion of the transaction, the chief executive officer now directly owns 80,309 shares in the company, valued at $23,825,271.03. This trade represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,540 shares of company stock valued at $1,935,134. 0.68% of the stock is currently owned by company insiders.

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.