Rockwell Automation, Inc. (NYSE:ROK) Holdings Trimmed by Keybank National Association OH

Keybank National Association OH cut its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,693 shares of the industrial products company’s stock after selling 515 shares during the quarter. Keybank National Association OH’s holdings in Rockwell Automation were worth $12,773,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in shares of Rockwell Automation in the 3rd quarter worth approximately $26,000. West Oak Capital LLC grew its position in Rockwell Automation by 455.6% in the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after buying an additional 82 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in shares of Rockwell Automation in the fourth quarter valued at $34,000. SBI Securities Co. Ltd. acquired a new stake in shares of Rockwell Automation during the 4th quarter valued at $35,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of Rockwell Automation during the 3rd quarter worth $34,000. 75.75% of the stock is owned by institutional investors and hedge funds.

Rockwell Automation Price Performance

Shares of ROK opened at $267.88 on Wednesday. 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 $30.29 billion, a PE ratio of 33.36, a PEG ratio of 3.53 and a beta of 1.35. Rockwell Automation, Inc. has a twelve month low of $242.81 and a twelve month high of $308.70. The firm’s 50 day moving average price is $285.34 and its 200 day moving average price is $278.73.

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

Rockwell Automation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $1.31 per share. The ex-dividend date is Tuesday, February 18th. This represents a $5.24 annualized dividend and a dividend yield of 1.96%. Rockwell Automation’s dividend payout ratio (DPR) is presently 65.26%.

Insider Activity

In other Rockwell Automation news, CEO Blake D. Moret sold 1,741 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $296.67, for a total transaction of $516,502.47. Following the completion of the sale, the chief executive officer now owns 80,309 shares of the company’s stock, valued at $23,825,271.03. This represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Scott Genereux sold 500 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $290.14, for a total value of $145,070.00. Following the transaction, the vice president now owns 1,905 shares in the company, valued at approximately $552,716.70. This trade represents a 20.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,147 shares of company stock valued at $2,680,378. Insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wells Fargo & Company upped their target price on Rockwell Automation from $315.00 to $337.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Barclays upped their price objective on shares of Rockwell Automation from $285.00 to $300.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. HSBC raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 target price on the stock in a research report on Wednesday, December 11th. UBS Group began coverage on shares of Rockwell Automation in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $313.00 price target for the company. Finally, Loop Capital lifted their price objective on shares of Rockwell Automation from $260.00 to $280.00 and gave the stock a “hold” rating in a research report on Tuesday, February 25th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $307.55.

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.