OFI Invest Asset Management Invests $1.03 Million in Rockwell Automation, Inc. (NYSE:ROK)

OFI Invest Asset Management acquired a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,730 shares of the industrial products company’s stock, valued at approximately $1,029,000.

Several other hedge funds have also made changes to their positions in ROK. Accredited Investors Inc. boosted its holdings in shares of Rockwell Automation by 162,058.5% during the third quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company’s stock worth $318,227,000 after purchasing an additional 1,184,648 shares during the last quarter. Amundi boosted its holdings in shares of Rockwell Automation by 26.2% during the fourth quarter. Amundi now owns 2,073,594 shares of the industrial products company’s stock worth $580,095,000 after purchasing an additional 430,498 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Rockwell Automation by 33.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company’s stock worth $417,802,000 after purchasing an additional 390,784 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Rockwell Automation during the fourth quarter worth $56,887,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Rockwell Automation during the fourth quarter worth $32,532,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

ROK has been the topic of a number of research analyst reports. Jefferies Financial Group upgraded Rockwell Automation from a “hold” rating to a “buy” rating and lifted their target price for the company from $290.00 to $350.00 in a report on Thursday, December 12th. BNP Paribas cut Rockwell Automation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 11th. Oppenheimer lifted their target price on Rockwell Automation from $300.00 to $320.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Robert W. Baird lifted their target price on Rockwell Automation from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Finally, KeyCorp upgraded Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 target price on the stock in a report on Monday, December 9th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Rockwell Automation presently has an average rating of “Hold” and a consensus target price of $308.47.

Insider Transactions at Rockwell Automation

In related news, SVP Tessa M. Myers sold 1,231 shares of Rockwell Automation stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $285.43, for a total value of $351,364.33. Following the completion of the transaction, the senior vice president now directly owns 3,650 shares in the company, valued at approximately $1,041,819.50. This trade represents a 25.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Isaac Woods sold 895 shares of Rockwell Automation 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 transaction, the vice president now owns 1,198 shares of the company’s stock, valued at $329,114.56. This trade represents a 42.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,352 shares of company stock valued at $1,246,298. 0.68% of the stock is currently owned by insiders.

Rockwell Automation Stock Up 1.7 %

Shares of NYSE ROK opened at $276.55 on Monday. Rockwell Automation, Inc. has a 1 year low of $242.81 and a 1 year high of $308.70. The firm has a market cap of $31.27 billion, a price-to-earnings ratio of 34.44, 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 stock’s 50-day simple moving average is $284.25 and its 200-day simple moving average is $278.91.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping 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 analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be given a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Tuesday, February 18th. Rockwell Automation’s payout ratio is 65.26%.

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.