Mirova Has $992,000 Stock Holdings in Rockwell Automation, Inc. $ROK

Mirova trimmed its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 23.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,840 shares of the industrial products company’s stock after selling 1,200 shares during the period. Mirova’s holdings in Rockwell Automation were worth $992,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ROK. Citizens National Bank Trust Department purchased a new stake in shares of Rockwell Automation during the 1st quarter worth about $26,000. Financial Gravity Asset Management Inc. acquired a new position in Rockwell Automation in the first quarter worth approximately $31,000. IMA Advisory Services Inc. bought a new position in Rockwell Automation during the first quarter valued at approximately $32,000. Cooksen Wealth LLC acquired a new stake in Rockwell Automation in the first quarter valued at approximately $34,000. Finally, Parvin Asset Management LLC bought a new stake in Rockwell Automation in the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Rockwell Automation Trading Up 3.3%

Shares of NYSE:ROK opened at $350.7550 on Friday. 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’s 50-day moving average is $341.12 and its 200-day moving average is $298.64. The company has a market cap of $39.44 billion, a P/E ratio of 41.17, a P/E/G ratio of 3.61 and a beta of 1.39. Rockwell Automation, Inc. has a 52-week low of $215.00 and a 52-week high of $360.92.

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

Rockwell Automation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors 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 payout ratio is 61.50%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ROK shares. CICC Research assumed coverage on shares of Rockwell Automation in a report on Monday, July 7th. They set an “outperform” rating and a $381.00 price target on the stock. KeyCorp raised their target price on Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. JPMorgan Chase & Co. boosted their price target on Rockwell Automation from $271.00 to $299.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Loop Capital increased their price objective on Rockwell Automation from $280.00 to $290.00 and gave the company a “hold” rating in a report on Thursday, May 15th. Finally, Barclays raised their price objective on Rockwell Automation from $357.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $340.16.

Insider Activity

In other news, SVP Matheus De A. G. Viera Bulho sold 526 shares of the company’s stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $325.35, for a total transaction of $171,134.10. Following the completion of the transaction, the senior vice president owned 983 shares of the company’s stock, valued at approximately $319,819.05. This represents a 34.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Terry L. Riesterer sold 2,100 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $350.08, for a total transaction of $735,168.00. Following the completion of the sale, the vice president owned 1,033 shares of the company’s stock, valued at approximately $361,632.64. The trade was a 67.03% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,818 shares of company stock worth $1,944,708. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation 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.