Rockwell Automation, Inc. (NYSE:ROK) Shares Purchased by Shell Asset Management Co.

Shell Asset Management Co. raised its holdings in shares of Rockwell Automation, Inc. (NYSE:ROKGet Rating) by 9.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,825 shares of the industrial products company’s stock after purchasing an additional 4,557 shares during the quarter. Shell Asset Management Co.’s holdings in Rockwell Automation were worth $17,730,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Capital World Investors grew its stake in Rockwell Automation by 0.8% during the 3rd quarter. Capital World Investors now owns 3,620,216 shares of the industrial products company’s stock valued at $1,064,488,000 after purchasing an additional 30,169 shares in the last quarter. Geode Capital Management LLC grew its stake in Rockwell Automation by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,268,636 shares of the industrial products company’s stock valued at $665,877,000 after purchasing an additional 51,375 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Rockwell Automation by 16.6% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,349,037 shares of the industrial products company’s stock worth $470,612,000 after acquiring an additional 191,618 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of Rockwell Automation by 18.5% in the 3rd quarter. Alliancebernstein L.P. now owns 1,330,755 shares of the industrial products company’s stock worth $391,295,000 after acquiring an additional 207,458 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Rockwell Automation by 2.4% in the 3rd quarter. American Century Companies Inc. now owns 1,280,537 shares of the industrial products company’s stock worth $376,529,000 after acquiring an additional 30,281 shares in the last quarter. Hedge funds and other institutional investors own 75.96% of the company’s stock.

In other news, VP Brian A. Shepherd sold 621 shares of the business’s stock in a transaction on Wednesday, February 2nd. The stock was sold at an average price of $294.22, for a total value of $182,710.62. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.68% of the stock is currently owned by insiders.

Rockwell Automation stock traded down $10.68 during mid-day trading on Friday, hitting $252.67. 1,077,774 shares of the company’s stock traded hands, compared to its average volume of 591,520. The firm has a 50 day moving average price of $268.57 and a 200 day moving average price of $303.93. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 1.24. The company has a market cap of $29.36 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 2.64 and a beta of 1.44. Rockwell Automation, Inc. has a one year low of $250.65 and a one year high of $354.99.

Rockwell Automation (NYSE:ROKGet Rating) last announced its earnings results on Thursday, January 27th. The industrial products company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.14. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.82 billion. Rockwell Automation had a return on equity of 42.24% and a net margin of 13.81%. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.38 EPS. On average, analysts expect that Rockwell Automation, Inc. will post 10.51 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 10th. Shareholders of record on Monday, May 16th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 1.77%. The ex-dividend date is Friday, May 13th. Rockwell Automation’s payout ratio is currently 52.21%.

Several research analysts have recently commented on ROK shares. StockNews.com started coverage on Rockwell Automation in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft decreased their target price on Rockwell Automation from $318.00 to $292.00 and set a “hold” rating for the company in a research report on Thursday, April 14th. Morgan Stanley decreased their target price on Rockwell Automation from $395.00 to $360.00 and set an “overweight” rating for the company in a research report on Thursday, April 7th. Sanford C. Bernstein started coverage on Rockwell Automation in a research report on Monday, January 10th. They issued an “outperform” rating and a $378.00 target price for the company. Finally, Credit Suisse Group decreased their target price on Rockwell Automation from $343.00 to $318.00 and set a “neutral” rating for the company in a research report on Friday, January 28th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Rockwell Automation currently has an average rating of “Hold” and a consensus target price of $316.06.

About Rockwell Automation (Get Rating)

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in the United States and internationally. The company operates in three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products, and services.

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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