Mitsubishi UFJ Trust & Banking Corp Sells 3,921 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 6.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 55,990 shares of the industrial products company’s stock after selling 3,921 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Rockwell Automation were worth $16,001,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. West Oak Capital LLC raised its stake in 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 buying an additional 82 shares during the period. Bank of Jackson Hole Trust bought a new stake in shares of Rockwell Automation during the fourth quarter valued at approximately $34,000. SBI Securities Co. Ltd. acquired a new position in shares of Rockwell Automation during the fourth quarter worth approximately $35,000. Flagship Wealth Advisors LLC bought a new position in shares of Rockwell Automation in the 4th quarter worth $38,000. Finally, Knuff & Co LLC grew its position in Rockwell Automation by 41.0% in the 4th quarter. Knuff & Co LLC now owns 141 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 41 shares during the period. Institutional investors own 75.75% of the company’s stock.

Insider Buying and Selling at Rockwell Automation

In related news, SVP Tessa M. Myers sold 1,231 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $285.43, for a total value of $351,364.33. Following the completion of the transaction, the senior vice president now directly owns 3,650 shares of the company’s stock, valued at approximately $1,041,819.50. This trade represents a 25.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Isaac Woods sold 895 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $274.72, for a total transaction of $245,874.40. Following the sale, the vice president now directly owns 1,198 shares in the company, valued at $329,114.56. The trade was a 42.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,352 shares of company stock valued at $1,246,298 over the last three months. 0.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Robert W. Baird upped their price objective on shares of Rockwell Automation from $305.00 to $315.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. BNP Paribas lowered shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 11th. Loop Capital lifted their price target on Rockwell Automation from $260.00 to $280.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. HSBC raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price objective for the company in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. cut their target price on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $307.42.

Rockwell Automation Stock Down 3.7 %

ROK opened at $258.22 on Friday. The company’s 50-day moving average price is $278.93 and its two-hundred day moving average price is $278.64. 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 twelve month low of $242.81 and a twelve month high of $308.70. The stock has a market cap of $29.20 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 3.53 and a beta of 1.39.

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

Rockwell Automation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were issued a $1.31 dividend. This represents a $5.24 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Tuesday, February 18th. Rockwell Automation’s dividend payout ratio (DPR) is currently 65.26%.

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.