Chevy Chase Trust Holdings LLC Sells 1,550 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Chevy Chase Trust Holdings LLC trimmed its position in Rockwell Automation, Inc. (NYSE:ROK) by 2.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 59,729 shares of the industrial products company’s stock after selling 1,550 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Rockwell Automation were worth $17,070,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its position in Rockwell Automation by 0.3% in the 3rd quarter. State Street Corp now owns 4,648,137 shares of the industrial products company’s stock valued at $1,247,839,000 after buying an additional 11,949 shares during the last quarter. Geode Capital Management LLC boosted its position in Rockwell Automation by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,683,202 shares of the industrial products company’s stock valued at $717,865,000 after buying an additional 14,040 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Rockwell Automation by 33.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company’s stock valued at $417,802,000 after buying an additional 390,784 shares during the last quarter. Accredited Investors Inc. boosted its position in shares of Rockwell Automation by 162,058.5% in the 3rd quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company’s stock worth $318,227,000 after purchasing an additional 1,184,648 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Rockwell Automation by 6.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,811 shares of the industrial products company’s stock worth $303,041,000 after purchasing an additional 67,684 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors.

Insider Activity at Rockwell Automation

In related news, VP Scott Genereux sold 279 shares of Rockwell Automation stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $296.13, for a total value of $82,620.27. Following the sale, the vice president now owns 2,891 shares of the company’s stock, valued at approximately $856,111.83. The trade was a 8.80 % 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, VP Terry L. Riesterer sold 850 shares of Rockwell Automation stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total value of $255,178.50. Following the transaction, the vice president now owns 1,633 shares of the company’s stock, valued at $490,242.93. The trade was a 34.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,707 shares of company stock valued at $10,933,215. 0.68% of the stock is owned by insiders.

Rockwell Automation Stock Performance

ROK opened at $294.81 on Friday. The business’s 50-day moving average price is $286.25 and its two-hundred day moving average price is $275.97. Rockwell Automation, Inc. has a 1 year low of $242.81 and a 1 year high of $308.70. The company has a market capitalization of $33.32 billion, a price-to-earnings ratio of 35.61, a P/E/G ratio of 2.89 and a beta of 1.35. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.08 and a quick ratio of 0.72.

Rockwell Automation (NYSE:ROK) last released its earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. Equities analysts expect that Rockwell Automation, Inc. will post 9.32 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be given a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Tuesday, February 18th. Rockwell Automation’s dividend payout ratio is currently 63.29%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Jefferies Financial Group upgraded Rockwell Automation from a “hold” rating to a “buy” rating and raised their price target for the stock from $290.00 to $350.00 in a research report on Thursday, December 12th. UBS Group assumed coverage on Rockwell Automation in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $313.00 price target on the stock. Barclays raised their price target on Rockwell Automation from $285.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Citigroup raised their price target on Rockwell Automation from $345.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, Wells Fargo & Company lifted their target price on Rockwell Automation from $315.00 to $337.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $308.05.

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.