19,139 Shares in Rockwell Automation, Inc. (NYSE:ROK) Bought by Alerus Financial NA

Alerus Financial NA acquired a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 19,139 shares of the industrial products company’s stock, valued at approximately $5,470,000.

Several other institutional investors have also added to or reduced their stakes in ROK. Vanguard Group Inc. raised its position in Rockwell Automation by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 13,876,530 shares of the industrial products company’s stock valued at $3,965,774,000 after acquiring an additional 81,079 shares in the last quarter. State Street Corp boosted its position in Rockwell Automation by 0.3% during the third quarter. State Street Corp now owns 4,648,137 shares of the industrial products company’s stock worth $1,247,839,000 after acquiring an additional 11,949 shares during the last quarter. Geode Capital Management LLC lifted its position in Rockwell Automation by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,683,202 shares of the industrial products company’s stock worth $717,865,000 after buying an additional 14,040 shares in the last quarter. Amundi increased its position in Rockwell Automation by 26.2% during the fourth quarter. Amundi now owns 2,073,594 shares of the industrial products company’s stock worth $580,095,000 after purchasing an additional 430,498 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Rockwell Automation by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,570,036 shares of the industrial products company’s stock worth $448,701,000 after acquiring an additional 13,744 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, 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 transaction of $255,178.50. Following the transaction, the vice president now directly owns 1,633 shares in the company, valued at approximately $490,242.93. The trade was a 34.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Scott Genereux sold 500 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $290.14, for a total value of $145,070.00. Following the transaction, the vice president now directly owns 1,905 shares of the company’s stock, valued at approximately $552,716.70. This trade represents a 20.79 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,352 shares of company stock worth $1,246,298. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Down 0.3 %

Shares of NYSE ROK opened at $268.50 on Friday. Rockwell Automation, Inc. has a 52-week low of $242.81 and a 52-week high of $308.70. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. The business has a fifty day moving average of $279.51 and a two-hundred day moving average of $278.65. The stock has a market cap of $30.36 billion, a PE ratio of 33.44, a PEG ratio of 3.53 and a beta of 1.39.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share (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 research analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were given a dividend of $1.31 per share. The ex-dividend date was Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.95%. Rockwell Automation’s payout ratio is currently 65.26%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ROK shares. Loop Capital lifted their target price on shares of Rockwell Automation from $260.00 to $280.00 and gave the company a “hold” rating in a report on Tuesday, February 25th. Wells Fargo & Company increased their price objective on Rockwell Automation from $315.00 to $337.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. KeyCorp raised Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 target price on the stock in a report on Monday, December 9th. Barclays lowered their price target on shares of Rockwell Automation from $285.00 to $280.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, The Goldman Sachs Group boosted their price target on Rockwell Automation from $257.00 to $290.00 and gave the stock a “sell” rating in a report on Tuesday, February 11th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $307.42.

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.