Aberdeen Group plc Has $23.99 Million Stock Holdings in Rockwell Automation, Inc. $ROK

Aberdeen Group plc boosted its position in Rockwell Automation, Inc. (NYSE:ROK) by 81.2% in the 1st quarter, HoldingsChannel reports. The firm owned 94,025 shares of the industrial products company’s stock after acquiring an additional 42,148 shares during the period. Aberdeen Group plc’s holdings in Rockwell Automation were worth $23,987,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its position in shares of Rockwell Automation by 6.5% in 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 last quarter. Goldman Sachs Group Inc. raised its stake in Rockwell Automation by 11.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,819,379 shares of the industrial products company’s stock valued at $470,091,000 after acquiring an additional 191,370 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Rockwell Automation by 0.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,579,956 shares of the industrial products company’s stock valued at $408,229,000 after purchasing an additional 9,920 shares during the last quarter. Invesco Ltd. boosted its position in Rockwell Automation by 2.2% during the first quarter. Invesco Ltd. now owns 1,448,160 shares of the industrial products company’s stock worth $374,176,000 after purchasing an additional 30,837 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Rockwell Automation by 14.1% in the fourth quarter. Northern Trust Corp now owns 1,391,331 shares of the industrial products company’s stock valued at $397,628,000 after purchasing an additional 171,604 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Price Performance

Shares of NYSE ROK opened at $342.95 on Monday. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $360.92. The stock has a fifty day moving average of $339.14 and a 200-day moving average of $296.36. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.06. The stock has a market cap of $38.56 billion, a PE ratio of 40.25, a price-to-earnings-growth ratio of 3.52 and a beta of 1.39.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.67 by $0.15. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the previous year, the company earned $2.71 EPS. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities research analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th will be given a dividend of $1.31 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $5.24 dividend on an annualized basis and a yield of 1.5%. Rockwell Automation’s dividend payout ratio is presently 61.50%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ROK. Loop Capital raised their target price 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. KeyCorp raised their price objective on shares of Rockwell Automation from $370.00 to $380.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. CICC Research started coverage on Rockwell Automation in a research report on Monday, July 7th. They issued an “outperform” rating and a $381.00 target price on the stock. Stephens reissued an “overweight” rating and set a $375.00 price target (up from $350.00) on shares of Rockwell Automation in a report on Wednesday, July 16th. Finally, Barclays set a $370.00 price target on Rockwell Automation and gave the company an “overweight” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $340.16.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, SVP Matthew W. Fordenwalt sold 500 shares of the firm’s stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $320.02, for a total transaction of $160,010.00. Following the completion of the sale, the senior vice president directly owned 2,709 shares in the company, valued at approximately $866,934.18. This trade represents a 15.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Matheus De A. G. Viera Bulho sold 526 shares of Rockwell Automation stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $325.35, for a total transaction of $171,134.10. Following the completion of the sale, the senior vice president owned 983 shares of the company’s stock, valued at $319,819.05. This represents a 34.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,818 shares of company stock worth $1,944,708 over the last three months. 0.68% of the stock is owned by corporate 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.