Rockwell Automation, Inc. (NYSE:ROK) Shares Bought by AMF Tjanstepension AB

AMF Tjanstepension AB raised its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 9.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,517 shares of the industrial products company’s stock after acquiring an additional 3,726 shares during the quarter. AMF Tjanstepension AB’s holdings in Rockwell Automation were worth $12,731,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. raised its holdings in shares of Rockwell Automation by 0.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 90,402 shares of the industrial products company’s stock valued at $25,836,000 after acquiring an additional 363 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Rockwell Automation by 7.1% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 481,107 shares of the industrial products company’s stock worth $148,073,000 after buying an additional 31,944 shares during the period. EFG Asset Management Americas Corp. boosted its position in shares of Rockwell Automation by 11.1% during the fourth quarter. EFG Asset Management Americas Corp. now owns 8,487 shares of the industrial products company’s stock worth $2,426,000 after buying an additional 850 shares during the period. Callan Family Office LLC purchased a new position in Rockwell Automation in the fourth quarter valued at $246,000. Finally, Welch & Forbes LLC purchased a new position in Rockwell Automation in the fourth quarter valued at $241,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Wall Street Analysts Forecast Growth

ROK has been the topic of a number of analyst reports. UBS Group initiated coverage on Rockwell Automation in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $313.00 price target on the stock. Robert W. Baird lifted their target price on Rockwell Automation from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. The Goldman Sachs Group boosted their price target on 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. lowered their price objective on shares of Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 15th. Finally, Morgan Stanley lifted their price objective on shares of Rockwell Automation from $335.00 to $345.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Rockwell Automation currently has an average rating of “Hold” and an average price target of $308.47.

Insider Activity

In other news, SVP Tessa M. Myers sold 1,231 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $285.43, for a total transaction of $351,364.33. Following the completion of the sale, the senior vice president now owns 3,650 shares in the company, valued at approximately $1,041,819.50. The trade was a 25.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Scott Genereux sold 278 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $302.04, for a total value of $83,967.12. Following the sale, the vice president now owns 3,184 shares of the company’s stock, valued at $961,695.36. The trade was a 8.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,823 shares of company stock valued at $1,690,564 in the last 90 days. 0.68% of the stock is currently owned by insiders.

Rockwell Automation Trading Up 1.7 %

NYSE:ROK opened at $276.55 on Friday. The company has a market capitalization of $31.27 billion, a PE ratio of 34.44, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 52-week low of $242.81 and a 52-week high of $308.70. The stock has a fifty day simple moving average of $284.25 and a 200-day simple moving average of $278.73.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, beating the consensus estimate 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, equities research analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Tuesday, February 18th. Rockwell Automation’s dividend payout ratio is currently 65.26%.

About Rockwell Automation

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.