Rockwell Automation, Inc. (NYSE:ROK) Shares Acquired by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC lifted its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 609.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,900 shares of the industrial products company’s stock after buying an additional 3,350 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Rockwell Automation were worth $1,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Private Advisor Group LLC increased its holdings in shares of Rockwell Automation by 3.4% during the 4th quarter. Private Advisor Group LLC now owns 9,843 shares of the industrial products company’s stock worth $2,813,000 after buying an additional 324 shares during the last quarter. TimesSquare Capital Management LLC increased its holdings in Rockwell Automation by 9.4% in the 4th quarter. TimesSquare Capital Management LLC now owns 194,575 shares of the industrial products company’s stock valued at $55,608,000 after purchasing an additional 16,775 shares during the last quarter. Global Retirement Partners LLC increased its holdings in Rockwell Automation by 23.8% in the 4th quarter. Global Retirement Partners LLC now owns 1,464 shares of the industrial products company’s stock valued at $418,000 after purchasing an additional 281 shares during the last quarter. SilverOak Wealth Management LLC increased its holdings in Rockwell Automation by 2.2% in the 4th quarter. SilverOak Wealth Management LLC now owns 10,794 shares of the industrial products company’s stock valued at $3,085,000 after purchasing an additional 237 shares during the last quarter. Finally, Bank of Jackson Hole Trust acquired a new stake in Rockwell Automation in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Stock Up 1.2 %

ROK stock opened at $302.89 on Friday. The company has a market cap of $34.25 billion, a P/E ratio of 37.72, a P/E/G ratio of 3.49 and a beta of 1.35. Rockwell Automation, Inc. has a 52 week low of $242.81 and a 52 week high of $308.70. The company’s 50-day moving average price is $286.35 and its 200 day moving average price is $276.66. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. On average, research analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be issued a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Tuesday, February 18th. Rockwell Automation’s dividend payout ratio is currently 65.26%.

Analysts Set New Price Targets

Several research firms recently weighed in on ROK. Wells Fargo & Company lifted their target price on shares of Rockwell Automation from $315.00 to $337.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. The Goldman Sachs Group raised their price target on shares of Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. decreased their price objective on shares of Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating for the company in a research report on Wednesday, January 15th. Robert W. Baird lifted their price target on shares of Rockwell Automation from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Finally, BNP Paribas lowered shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research note 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $308.05.

Insider Buying and Selling at Rockwell Automation

In related news, SVP Cyril Perducat sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00. Following the transaction, the senior vice president now owns 3,630 shares of the company’s stock, valued at approximately $1,089,000. This represents a 21.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Blake D. Moret sold 26,700 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $298.63, for a total transaction of $7,973,421.00. Following the transaction, the chief executive officer now directly owns 78,115 shares in the company, valued at $23,327,482.45. The trade was a 25.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,240 shares of company stock valued at $10,800,555 over the last quarter. Corporate insiders own 0.68% of the company’s stock.

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.