Dempze Nancy E Acquires 200 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Dempze Nancy E raised its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,634 shares of the industrial products company’s stock after acquiring an additional 200 shares during the period. Rockwell Automation comprises 2.2% of Dempze Nancy E’s holdings, making the stock its 15th biggest holding. Dempze Nancy E’s holdings in Rockwell Automation were worth $3,896,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ROK. Meiji Yasuda Asset Management Co Ltd. increased its position in Rockwell Automation by 0.9% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,775 shares of the industrial products company’s stock worth $1,079,000 after purchasing an additional 33 shares in the last quarter. Whittier Trust Co. increased its holdings in shares of Rockwell Automation by 1.9% during the fourth quarter. Whittier Trust Co. now owns 1,896 shares of the industrial products company’s stock worth $542,000 after buying an additional 35 shares in the last quarter. Bank Pictet & Cie Europe AG increased its holdings in shares of Rockwell Automation by 0.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company’s stock worth $1,199,000 after buying an additional 38 shares in the last quarter. Lake Street Advisors Group LLC boosted its holdings in shares of Rockwell Automation by 3.0% during the 4th quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company’s stock valued at $386,000 after acquiring an additional 39 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. boosted its holdings in shares of Rockwell Automation by 3.8% during the 4th quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company’s stock valued at $309,000 after acquiring an additional 40 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Stock Performance

Shares of ROK stock opened at $227.25 on Friday. The firm has a 50 day moving average of $274.90 and a 200-day moving average of $278.24. The company has a market cap of $25.70 billion, a price-to-earnings ratio of 28.30, 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 $218.48 and a 52 week high of $308.70.

Rockwell Automation (NYSE:ROK) last posted 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 net margin of 11.38% and a return on equity of 30.17%. On average, equities analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be paid a $1.31 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $5.24 dividend on an annualized basis and a yield of 2.31%. Rockwell Automation’s dividend payout ratio (DPR) is presently 65.26%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Barclays lowered their target price on Rockwell Automation from $285.00 to $280.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. Morgan Stanley upped their price objective on Rockwell Automation from $335.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group lifted their target price on shares of Rockwell Automation from $257.00 to $290.00 and gave the stock a “sell” rating in a research report on Tuesday, February 11th. KeyCorp upgraded shares of Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price target for the company in a research report on Monday, December 9th. Finally, BNP Paribas lowered shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 11th. Three 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $307.42.

Insider Activity

In related news, SVP Tessa M. Myers sold 1,231 shares of Rockwell Automation 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 sale, the senior vice president now 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Isaac Woods sold 895 shares of the company’s stock in a transaction 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 transaction, the vice president now owns 1,198 shares in the company, valued at approximately $329,114.56. The trade was a 42.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,352 shares of company stock worth $1,246,298 over the last quarter. 0.68% of the stock is currently owned by corporate insiders.

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.