5,733 Shares in Rockwell Automation, Inc. (NYSE:ROK) Acquired by Allianz SE

Allianz SE purchased a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 5,733 shares of the industrial products company’s stock, valued at approximately $1,638,000.

Several other hedge funds also recently modified their holdings of ROK. Vanguard Group Inc. boosted its stake 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 buying an additional 81,079 shares in the last quarter. State Street Corp grew its stake in shares of Rockwell Automation by 0.3% in the 3rd quarter. State Street Corp now owns 4,648,137 shares of the industrial products company’s stock worth $1,247,839,000 after purchasing an additional 11,949 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Rockwell Automation by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,683,202 shares of the industrial products company’s stock worth $717,865,000 after purchasing an additional 14,040 shares in the last quarter. Amundi lifted its stake in Rockwell Automation by 26.2% during the fourth quarter. Amundi now owns 2,073,594 shares of the industrial products company’s stock valued at $580,095,000 after purchasing an additional 430,498 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Rockwell Automation by 0.9% during 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 buying an additional 13,744 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Scott Genereux sold 500 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were 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 in the company, valued at approximately $552,716.70. This trade represents a 20.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Tessa M. Myers sold 1,231 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $285.43, for a total transaction of $351,364.33. Following the transaction, the senior vice president now directly owns 3,650 shares of the company’s stock, valued at approximately $1,041,819.50. This represents a 25.22 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,352 shares of company stock valued at $1,246,298. Insiders own 0.68% of the company’s stock.

Rockwell Automation Trading Down 3.7 %

NYSE:ROK opened at $258.22 on Friday. The company 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. The stock’s 50 day moving average price is $278.93 and its 200 day moving average price is $278.76. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. Rockwell Automation, Inc. has a 52 week low of $242.81 and a 52 week high of $308.70.

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 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 forecast 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 paid a dividend of $1.31 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $5.24 annualized dividend and a dividend yield of 2.03%. Rockwell Automation’s dividend payout ratio (DPR) is presently 65.26%.

Wall Street Analyst Weigh In

ROK has been the subject of a number of recent research reports. The Goldman Sachs Group increased their price objective on Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a research report on Tuesday, February 11th. Oppenheimer upped their target price on Rockwell Automation from $300.00 to $320.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. cut their price objective on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a report on Wednesday, January 15th. Morgan Stanley lifted their target price on shares of Rockwell Automation from $335.00 to $345.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Finally, Barclays cut 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 report on Wednesday. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Rockwell Automation currently has an average rating of “Hold” and an average price target of $307.42.

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.