1832 Asset Management L.P. Invests $3.28 Million in Rockwell Automation, Inc. (NYSE:ROK)

1832 Asset Management L.P. bought a new position in Rockwell Automation, Inc. (NYSE:ROK) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 11,267 shares of the industrial products company’s stock, valued at approximately $3,282,000.

Several other institutional investors have also recently made changes to their positions in ROK. Riverview Trust Co purchased a new position in shares of Rockwell Automation in the 1st quarter worth about $28,000. Bfsg LLC purchased a new position in shares of Rockwell Automation in the 1st quarter worth about $29,000. ESL Trust Services LLC purchased a new position in shares of Rockwell Automation in the 1st quarter worth about $29,000. Security National Bank purchased a new position in shares of Rockwell Automation in the 4th quarter worth about $40,000. Finally, Cooksen Wealth LLC purchased a new position in shares of Rockwell Automation in the 4th quarter worth about $40,000. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Price Performance

Shares of ROK stock traded up $6.04 during trading on Friday, hitting $277.04. The company had a trading volume of 689,228 shares, compared to its average volume of 873,731. The company has a quick ratio of 0.74, a current ratio of 1.11 and a debt-to-equity ratio of 0.69. The stock’s 50-day moving average is $265.75 and its two-hundred day moving average is $276.82. The stock has a market capitalization of $31.58 billion, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 4.82 and a beta of 1.37. Rockwell Automation, Inc. has a 52 week low of $249.00 and a 52 week high of $339.65.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.35. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Rockwell Automation had a net margin of 13.19% and a return on equity of 34.83%. Rockwell Automation’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.01 earnings per share. As a group, analysts predict that Rockwell Automation, Inc. will post 10.07 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 12th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Monday, August 12th. Rockwell Automation’s dividend payout ratio (DPR) is 48.88%.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP John M. Miller sold 467 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $273.27, for a total transaction of $127,617.09. Following the transaction, the vice president now directly owns 4,800 shares in the company, valued at $1,311,696. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Rockwell Automation news, VP John M. Miller sold 467 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $273.27, for a total transaction of $127,617.09. Following the transaction, the vice president now directly owns 4,800 shares in the company, valued at $1,311,696. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Cyril Perducat sold 659 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $260.11, for a total transaction of $171,412.49. Following the transaction, the senior vice president now owns 4,630 shares in the company, valued at $1,204,309.30. The disclosure for this sale can be found here. Insiders have sold 2,199 shares of company stock worth $572,750 over the last ninety days. Insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company cut their price target on shares of Rockwell Automation from $312.00 to $305.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. Loop Capital dropped their price objective on shares of Rockwell Automation from $300.00 to $290.00 and set a “hold” rating on the stock in a report on Tuesday, May 14th. Barclays dropped their price objective on shares of Rockwell Automation from $250.00 to $245.00 and set an “underweight” rating on the stock in a report on Wednesday, July 10th. Mizuho dropped their price objective on shares of Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Finally, Robert W. Baird dropped their price objective on shares of Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $300.71.

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.