Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA lessened its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 257,030 shares of the industrial products company’s stock after selling 3,150 shares during the period. Primecap Management Co. CA’s holdings in Rockwell Automation were worth $73,457,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Tocqueville Asset Management L.P. lifted its stake in shares of Rockwell Automation by 1.5% in the 4th quarter. Tocqueville Asset Management L.P. now owns 72,995 shares of the industrial products company’s stock valued at $20,861,000 after purchasing an additional 1,065 shares during the last quarter. Flagship Wealth Advisors LLC acquired a new position in shares of Rockwell Automation in the 4th quarter valued at $38,000. Terra Alpha Investments LLC acquired a new position in shares of Rockwell Automation in the 4th quarter valued at $1,584,000. Signaturefd LLC raised its holdings in shares of Rockwell Automation by 5.3% in the 4th quarter. Signaturefd LLC now owns 2,492 shares of the industrial products company’s stock valued at $712,000 after buying an additional 126 shares during the period. Finally, Parallel Advisors LLC raised its holdings in shares of Rockwell Automation by 7.4% in the 4th quarter. Parallel Advisors LLC now owns 1,470 shares of the industrial products company’s stock valued at $420,000 after buying an additional 101 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on ROK. KeyCorp upgraded Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price objective on the stock in a report on Monday, December 9th. Wells Fargo & Company boosted their price objective on Rockwell Automation from $315.00 to $337.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Stephens upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $275.00 to $350.00 in a report on Thursday, January 16th. 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. Finally, Morgan Stanley boosted their price objective on Rockwell Automation from $335.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $307.68.

Rockwell Automation Trading Down 1.5 %

ROK opened at $258.02 on Wednesday. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $308.70. The company has a market cap of $29.18 billion, a P/E ratio of 32.13, a PEG ratio of 3.53 and a beta of 1.39. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. The business’s 50-day simple moving average is $281.24 and its 200-day simple moving average is $278.68.

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, beating analysts’ consensus estimates 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, equities research analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were given a $1.31 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.03%. Rockwell Automation’s dividend payout ratio (DPR) is presently 65.26%.

Insider Activity at Rockwell Automation

In related news, VP Isaac Woods sold 895 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $274.72, for a total value 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 $329,114.56. This represents a 42.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Tessa M. Myers sold 1,231 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now directly owns 3,650 shares of the company’s stock, valued at approximately $1,041,819.50. This trade represents a 25.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,352 shares of company stock valued at $1,246,298 in the last three months. 0.68% of the stock is currently owned by company insiders.

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.