Rockwell Automation, Inc. (NYSE:ROK) Stock Position Decreased by McGuire Investment Group LLC

McGuire Investment Group LLC trimmed its stake in Rockwell Automation, Inc. (NYSE:ROK) by 0.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,807 shares of the industrial products company’s stock after selling 64 shares during the quarter. McGuire Investment Group LLC’s holdings in Rockwell Automation were worth $4,084,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Rockwell Automation by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 13,876,530 shares of the industrial products company’s stock worth $3,965,774,000 after purchasing an additional 81,079 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Rockwell Automation by 6.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,115,280 shares of the industrial products company’s stock worth $2,033,476,000 after acquiring an additional 432,934 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Rockwell Automation by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 2,734,430 shares of the industrial products company’s stock valued at $779,426,000 after acquiring an additional 51,228 shares during the period. Amundi raised its holdings in shares of Rockwell Automation by 26.2% during the fourth quarter. Amundi now owns 2,073,594 shares of the industrial products company’s stock valued at $580,095,000 after acquiring an additional 430,498 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Rockwell Automation by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,570,036 shares of the industrial products company’s stock valued at $448,701,000 after acquiring an additional 13,744 shares in the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on ROK. Wells Fargo & Company boosted their target price on shares of Rockwell Automation from $265.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Oppenheimer upped their price target on Rockwell Automation from $258.00 to $304.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. raised their price objective on Rockwell Automation from $271.00 to $299.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Loop Capital upped their target price on Rockwell Automation from $280.00 to $290.00 and gave the company a “hold” rating in a report on Thursday, May 15th. Finally, Barclays raised shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $283.00 to $350.00 in a research report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $317.79.

Rockwell Automation Stock Up 1.2%

ROK stock opened at $330.03 on Friday. The firm has a market cap of $37.20 billion, a PE ratio of 41.57, a PEG ratio of 3.83 and a beta of 1.38. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $331.27. The company has a fifty day simple moving average of $297.84 and a 200 day simple moving average of $281.74. The company has a current ratio of 1.05, a quick ratio of 0.72 and a debt-to-equity ratio of 0.71.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.36. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Rockwell Automation had a return on equity of 30.16% and a net margin of 11.38%. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.50 earnings per share. Sell-side analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th will be issued a dividend of $1.31 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $5.24 annualized dividend and a yield of 1.59%. Rockwell Automation’s dividend payout ratio (DPR) is presently 65.99%.

Insider Activity

In other news, SVP Matheus De A. G. Viera Bulho sold 526 shares of Rockwell Automation stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $325.35, for a total value of $171,134.10. Following the transaction, the senior vice president now directly owns 983 shares in the company, valued at approximately $319,819.05. The trade was a 34.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Matthew W. Fordenwalt sold 289 shares of the business’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $326.33, for a total value of $94,309.37. Following the transaction, the senior vice president now directly owns 3,196 shares of the company’s stock, valued at $1,042,950.68. This represents a 8.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,681 shares of company stock valued at $2,382,987 over the last 90 days. 0.68% of the stock is currently owned by company insiders.

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.