NEOS Investment Management LLC Raises Stock Holdings in Rockwell Automation, Inc. (NYSE:ROK)

NEOS Investment Management LLC grew its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 104.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,499 shares of the industrial products company’s stock after buying an additional 19,118 shares during the period. NEOS Investment Management LLC’s holdings in Rockwell Automation were worth $10,717,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. MCF Advisors LLC raised its stake in Rockwell Automation by 95.8% during the 4th quarter. MCF Advisors LLC now owns 2,332 shares of the industrial products company’s stock worth $667,000 after acquiring an additional 1,141 shares during the period. Ameritas Advisory Services LLC raised its position in shares of Rockwell Automation by 99.1% during the 4th quarter. Ameritas Advisory Services LLC now owns 5,187 shares of the industrial products company’s stock valued at $1,482,000 after purchasing an additional 2,582 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in shares of Rockwell Automation by 6.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 34,209 shares of the industrial products company’s stock valued at $9,184,000 after buying an additional 1,928 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Rockwell Automation by 5.9% in the 4th quarter. Nordea Investment Management AB now owns 462,537 shares of the industrial products company’s stock worth $132,554,000 after buying an additional 25,882 shares during the period. Finally, Wellington Management Group LLP increased its stake in Rockwell Automation by 7.3% in the 3rd quarter. Wellington Management Group LLP now owns 789 shares of the industrial products company’s stock worth $212,000 after buying an additional 54 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors.

Insider Activity at Rockwell Automation

In related news, VP Isaac Woods sold 895 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $274.72, for a total transaction of $245,874.40. Following the completion of the sale, the vice president now directly owns 1,198 shares of the company’s stock, valued at approximately $329,114.56. This trade represents a 42.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tessa M. Myers sold 1,231 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $285.43, for a total value of $351,364.33. Following the completion of the transaction, the senior vice president now directly owns 3,650 shares in the company, valued at $1,041,819.50. This trade represents a 25.22 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,352 shares of company stock worth $1,246,298. Insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. BNP Paribas downgraded Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Loop Capital upped their price target on Rockwell Automation from $260.00 to $280.00 and gave the stock a “hold” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. reduced 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. Jefferies Financial Group raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and boosted their target price for the stock from $290.00 to $350.00 in a report on Thursday, December 12th. Finally, Oppenheimer raised their target price on shares of Rockwell Automation from $300.00 to $320.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $307.42.

Rockwell Automation Trading Down 1.4 %

Shares of NYSE ROK opened at $269.06 on Thursday. The stock has a market capitalization of $30.42 billion, a P/E ratio of 33.51, a PEG ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a 1-year low of $242.81 and a 1-year high of $308.70. The business’s 50 day moving average is $279.76 and its two-hundred day moving average is $278.72. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72.

Rockwell Automation (NYSE:ROK) last released its quarterly 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 return on equity of 30.17% and a net margin of 11.38%. As a group, research analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Announces Dividend

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

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.