Rockwell Automation, Inc. (NYSE:ROK) Holdings Lowered by Kampmann Melissa S.

Kampmann Melissa S. trimmed its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 10.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,798 shares of the industrial products company’s stock after selling 1,430 shares during the period. Rockwell Automation comprises about 2.7% of Kampmann Melissa S.’s holdings, making the stock its 16th biggest holding. Kampmann Melissa S.’s holdings in Rockwell Automation were worth $3,372,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. State Street Corp lifted its holdings in shares of Rockwell Automation by 0.3% during the third quarter. State Street Corp now owns 4,648,137 shares of the industrial products company’s stock valued at $1,247,839,000 after purchasing an additional 11,949 shares during the last quarter. Geode Capital Management LLC raised its position in Rockwell Automation by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,683,202 shares of the industrial products company’s stock valued at $717,865,000 after buying an additional 14,040 shares during the period. Amundi raised its position in Rockwell Automation by 26.2% during the fourth quarter. Amundi now owns 2,073,594 shares of the industrial products company’s stock valued at $580,095,000 after buying an additional 430,498 shares during the period. Charles Schwab Investment Management Inc. raised its position in Rockwell Automation by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,570,036 shares of the industrial products company’s stock valued at $448,701,000 after buying an additional 13,744 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Rockwell Automation by 6.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,811 shares of the industrial products company’s stock valued at $303,041,000 after buying an additional 67,684 shares during the period. 75.75% of the stock is owned by hedge funds and other institutional investors.

Rockwell Automation Stock Performance

Shares of NYSE ROK opened at $260.19 on Thursday. 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 firm has a market cap of $29.42 billion, a price-to-earnings ratio of 32.40, a P/E/G ratio of 3.53 and a beta of 1.39. The business’s 50-day simple moving average is $280.85 and its 200-day simple moving average is $278.55. Rockwell Automation, Inc. has a 52 week low of $242.81 and a 52 week high of $308.70.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, beating 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 research analysts expect 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 was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were paid a dividend of $1.31 per share. The ex-dividend date was Tuesday, February 18th. This represents a $5.24 annualized dividend and a yield of 2.01%. Rockwell Automation’s payout ratio is 65.26%.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, SVP Tessa M. Myers sold 1,231 shares of the firm’s stock in a transaction that occurred on 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 sale, the senior vice president now owns 3,650 shares in the company, valued at approximately $1,041,819.50. This trade represents a 25.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Isaac Woods sold 895 shares of the firm’s stock in a transaction that occurred on 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 sale, the vice president now owns 1,198 shares of the company’s stock, valued at $329,114.56. This represents 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 in the last 90 days. 0.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ROK. BNP Paribas lowered Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Stephens raised Rockwell Automation from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $275.00 to $350.00 in a research report on Thursday, January 16th. Loop Capital upped their price target on Rockwell Automation from $260.00 to $280.00 and gave the company a “hold” rating in a research report on Tuesday, February 25th. Oppenheimer upped their price target on Rockwell Automation from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Finally, Robert W. Baird upped their target price on Rockwell Automation from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $307.68.

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.