TIAA Trust National Association Increases Position in Rockwell Automation, Inc. (NYSE:ROK)

TIAA Trust National Association lifted its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 9.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 6,598 shares of the industrial products company’s stock after buying an additional 544 shares during the period. TIAA Trust National Association’s holdings in Rockwell Automation were worth $1,705,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Rockwell Automation by 6.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,115,280 shares of the industrial products company’s stock valued at $2,033,476,000 after buying an additional 432,934 shares during the period. Invesco Ltd. raised its stake in Rockwell Automation by 3.9% during the fourth quarter. Invesco Ltd. now owns 1,417,323 shares of the industrial products company’s stock worth $405,057,000 after purchasing an additional 53,287 shares during the period. Northern Trust Corp raised its stake in Rockwell Automation by 14.1% during the fourth quarter. Northern Trust Corp now owns 1,391,331 shares of the industrial products company’s stock worth $397,628,000 after purchasing an additional 171,604 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Rockwell Automation by 2.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,158,161 shares of the industrial products company’s stock worth $330,991,000 after purchasing an additional 29,350 shares during the period. Finally, Voya Investment Management LLC raised its stake in Rockwell Automation by 56.9% during the fourth quarter. Voya Investment Management LLC now owns 935,726 shares of the industrial products company’s stock worth $267,421,000 after purchasing an additional 339,480 shares during the period. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP Isaac Woods sold 297 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $326.31, for a total transaction of $96,914.07. Following the transaction, the vice president directly owned 1,691 shares in the company, valued at $551,790.21. This represents a 14.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Tessa M. Myers sold 363 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $326.32, for a total transaction of $118,454.16. Following the transaction, the senior vice president owned 4,063 shares in the company, valued at $1,325,838.16. This trade represents a 8.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,757 shares of company stock worth $3,138,220. 0.68% of the stock is currently owned by insiders.

Rockwell Automation Price Performance

ROK opened at $344.42 on Monday. The company has a fifty day simple moving average of $334.32 and a 200 day simple moving average of $292.56. The firm has a market cap of $38.82 billion, a price-to-earnings ratio of 43.38, a PEG ratio of 3.52 and a beta of 1.39. Rockwell Automation, Inc. has a twelve month low of $215.00 and a twelve month high of $360.92. The company has a current ratio of 1.05, a quick ratio of 0.72 and a debt-to-equity ratio of 0.71.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.36. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.97 billion. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.16%. The business’s revenue was down 5.9% on a year-over-year basis. During the same period last year, the business earned $2.50 EPS. Equities research analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 18th will be issued a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, August 18th. Rockwell Automation’s dividend payout ratio (DPR) is presently 65.99%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. CICC Research assumed coverage on shares of Rockwell Automation in a research note on Monday, July 7th. They set an “outperform” rating and a $381.00 price target on the stock. Loop Capital increased their price target on shares of Rockwell Automation from $280.00 to $290.00 and gave the stock a “hold” rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. increased their price target on shares of Rockwell Automation from $271.00 to $299.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Citigroup reaffirmed a “buy” rating and set a $392.00 price target (up previously from $371.00) on shares of Rockwell Automation in a research note on Monday, July 14th. Finally, BNP Paribas raised shares of Rockwell Automation from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $341.11.

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.