Rockwell Automation, Inc. (NYSE:ROK) Shares Purchased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co raised its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 3.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 10,446 shares of the industrial products company’s stock after acquiring an additional 380 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Rockwell Automation were worth $2,985,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. West Oak Capital LLC grew its holdings in Rockwell Automation by 455.6% in the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after buying an additional 82 shares in the last quarter. Bank of Jackson Hole Trust acquired a new position in Rockwell Automation in the 4th quarter valued at about $34,000. SBI Securities Co. Ltd. purchased a new stake in shares of Rockwell Automation in the 4th quarter valued at approximately $35,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Rockwell Automation during the 4th quarter worth approximately $38,000. Finally, Knuff & Co LLC raised its position in shares of Rockwell Automation by 41.0% during the 4th quarter. Knuff & Co LLC now owns 141 shares of the industrial products company’s stock valued at $40,000 after buying an additional 41 shares during the period. 75.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ROK has been the topic of a number of research analyst reports. Oppenheimer lifted their target price on Rockwell Automation from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Barclays decreased their target price on Rockwell Automation from $285.00 to $280.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Citigroup boosted their price target on shares of Rockwell Automation from $345.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. BNP Paribas lowered shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Finally, Robert W. Baird raised their price target on Rockwell Automation from $305.00 to $315.00 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $307.42.

Rockwell Automation Trading Down 3.7 %

ROK opened at $258.22 on Friday. The firm’s 50 day moving average is $278.93 and its 200-day moving average is $278.64. Rockwell Automation, Inc. has a 52-week low of $242.81 and a 52-week high of $308.70. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $29.20 billion, a P/E ratio of 32.16, a P/E/G ratio of 3.53 and a beta of 1.39.

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 return on equity of 30.17% and a net margin of 11.38%. Analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently declared 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. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Tuesday, February 18th. Rockwell Automation’s payout ratio is currently 65.26%.

Insider Buying and Selling

In other Rockwell Automation news, SVP Tessa M. Myers sold 1,231 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now owns 3,650 shares in the company, valued at approximately $1,041,819.50. This trade represents a 25.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Isaac Woods sold 895 shares of the business’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 value of $245,874.40. Following the transaction, the vice president now owns 1,198 shares of the company’s stock, valued at approximately $329,114.56. This represents a 42.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,352 shares of company stock worth $1,246,298. 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.