Rodgers Brothers Inc. Has $13.23 Million Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Rodgers Brothers Inc. boosted its stake in Rockwell Automation, Inc. (NYSE:ROK) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,293 shares of the industrial products company’s stock after acquiring an additional 913 shares during the period. Rockwell Automation accounts for 1.7% of Rodgers Brothers Inc.’s investment portfolio, making the stock its 10th largest holding. Rodgers Brothers Inc.’s holdings in Rockwell Automation were worth $13,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Rockwell Automation in the 4th quarter valued at $284,177,000. Wellington Management Group LLP lifted its holdings in Rockwell Automation by 85,513.1% in the fourth quarter. Wellington Management Group LLP now owns 675,487 shares of the industrial products company’s stock valued at $193,047,000 after buying an additional 674,698 shares during the period. Alliancebernstein L.P. boosted its position in Rockwell Automation by 102.3% during the fourth quarter. Alliancebernstein L.P. now owns 1,287,731 shares of the industrial products company’s stock valued at $368,021,000 after acquiring an additional 651,116 shares during the last quarter. Amundi grew its holdings in Rockwell Automation by 26.2% during the 4th quarter. Amundi now owns 2,073,594 shares of the industrial products company’s stock worth $580,095,000 after acquiring an additional 430,498 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in Rockwell Automation during the 4th quarter worth about $56,887,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Buying and Selling

In other news, VP Scott Genereux sold 500 shares of Rockwell Automation stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $290.14, for a total transaction of $145,070.00. Following the sale, the vice president now owns 1,905 shares in the company, valued at $552,716.70. This trade represents a 20.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Terry L. Riesterer sold 850 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total transaction of $255,178.50. Following the transaction, the vice president now owns 1,633 shares of the company’s stock, valued at approximately $490,242.93. This represents a 34.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,352 shares of company stock valued at $1,246,298. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Price Performance

NYSE ROK opened at $258.22 on Monday. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 12 month low of $242.81 and a 12 month high of $308.70. The stock has a market cap of $29.20 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 3.53 and a beta of 1.39. The company’s 50 day moving average is $278.93 and its two-hundred day moving average is $278.91.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. As a group, research analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were given a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Tuesday, February 18th. Rockwell Automation’s dividend payout ratio is currently 65.26%.

Analysts Set New Price Targets

Several equities analysts have issued reports on ROK shares. HSBC raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price target on the stock in a research note on Wednesday, December 11th. Oppenheimer boosted their target price on shares of Rockwell Automation from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Stephens upgraded shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $275.00 to $350.00 in a report on Thursday, January 16th. Barclays dropped their price objective on shares of Rockwell Automation from $285.00 to $280.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 26th. Finally, Robert W. Baird raised their target price on Rockwell Automation from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Rockwell Automation currently has an average rating of “Hold” and a consensus price target of $307.42.

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.