Tokio Marine Asset Management Co. Ltd. Buys 55 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,783 shares of the industrial products company’s stock after acquiring an additional 55 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Rockwell Automation were worth $864,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Valeo Financial Advisors LLC grew its holdings in Rockwell Automation by 1.9% during the 4th quarter. Valeo Financial Advisors LLC now owns 1,915 shares of the industrial products company’s stock worth $595,000 after acquiring an additional 35 shares during the period. Bison Wealth LLC grew its holdings in Rockwell Automation by 3.3% during the 4th quarter. Bison Wealth LLC now owns 1,168 shares of the industrial products company’s stock worth $363,000 after acquiring an additional 37 shares during the period. Cohen Lawrence B grew its holdings in Rockwell Automation by 0.5% during the 3rd quarter. Cohen Lawrence B now owns 8,319 shares of the industrial products company’s stock worth $2,378,000 after acquiring an additional 38 shares during the period. Raleigh Capital Management Inc. grew its holdings in Rockwell Automation by 24.2% during the 3rd quarter. Raleigh Capital Management Inc. now owns 195 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 38 shares during the period. Finally, Cottage Street Advisors LLC grew its stake in shares of Rockwell Automation by 3.8% in the 4th quarter. Cottage Street Advisors LLC now owns 1,038 shares of the industrial products company’s stock valued at $319,000 after buying an additional 38 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation Price Performance

Rockwell Automation stock opened at $280.17 on Friday. Rockwell Automation, Inc. has a 52 week low of $252.11 and a 52 week high of $348.52. The company’s 50 day moving average price is $282.51 and its two-hundred day moving average price is $283.77. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 0.76. The stock has a market cap of $32.10 billion, a P/E ratio of 26.66, a P/E/G ratio of 2.79 and a beta of 1.43.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 37.22% and a net margin of 13.35%. During the same period last year, the firm posted $2.46 EPS. On average, equities analysts predict that Rockwell Automation, Inc. will post 11.98 earnings per share for the current year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.78%. Rockwell Automation’s dividend payout ratio (DPR) is presently 47.57%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ROK. Oppenheimer reduced their target price on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, February 1st. UBS Group upgraded 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 research note on Wednesday, January 3rd. Barclays cut their price target on Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating for the company in a research note on Tuesday, April 2nd. Berenberg Bank reiterated a “hold” rating and set a $290.00 price target (down previously from $330.00) on shares of Rockwell Automation in a research note on Wednesday, March 6th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $254.00 price target on shares of Rockwell Automation in a research note on Thursday, March 21st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $310.08.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP Brian A. Shepherd sold 637 shares of the business’s stock in a transaction 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 sale, the vice president now owns 5,088 shares of the company’s stock, valued at approximately $1,337,482.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Brian A. Shepherd sold 637 shares of the business’s stock in a transaction 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 directly owns 5,088 shares in the company, valued at approximately $1,337,482.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Nicholas C. Gangestad sold 1,989 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $288.17, for a total transaction of $573,170.13. Following the transaction, the chief financial officer now owns 12,217 shares of the company’s stock, valued at $3,520,572.89. The disclosure for this sale can be found here. Insiders have sold 17,877 shares of company stock valued at $5,058,772 in the last 90 days. 0.68% of the stock is currently owned by company insiders.

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.