Broderick Brian C Has $12.41 Million Position in Rockwell Automation, Inc. (NYSE:ROK)

Broderick Brian C raised its position in Rockwell Automation, Inc. (NYSE:ROKFree Report) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,981 shares of the industrial products company’s stock after acquiring an additional 1,102 shares during the quarter. Rockwell Automation makes up about 3.1% of Broderick Brian C’s investment portfolio, making the stock its 12th largest holding. Broderick Brian C’s holdings in Rockwell Automation were worth $12,413,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ROK. International Assets Investment Management LLC lifted its stake in Rockwell Automation by 33,600.1% in the fourth quarter. International Assets Investment Management LLC now owns 295,213 shares of the industrial products company’s stock valued at $91,658,000 after acquiring an additional 294,337 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its stake in shares of Rockwell Automation by 2,932.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 246,217 shares of the industrial products company’s stock worth $76,445,000 after buying an additional 238,097 shares during the last quarter. Kodai Capital Management LP acquired a new stake in shares of Rockwell Automation during the 4th quarter worth about $43,222,000. TimesSquare Capital Management LLC acquired a new stake in shares of Rockwell Automation during the 3rd quarter worth about $38,275,000. Finally, Nordea Investment Management AB lifted its stake in shares of Rockwell Automation by 35.6% during the 3rd quarter. Nordea Investment Management AB now owns 484,438 shares of the industrial products company’s stock worth $139,247,000 after buying an additional 127,303 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Robert W. Baird cut their target price on shares of Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. Citigroup lowered their price target on shares of Rockwell Automation from $322.00 to $316.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Mizuho lowered their price target on shares of Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Wells Fargo & Company lowered their price target on shares of Rockwell Automation from $320.00 to $312.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $254.00 price target on shares of Rockwell Automation in a research report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $307.21.

View Our Latest Research Report on ROK

Rockwell Automation Price Performance

Shares of Rockwell Automation stock traded up $0.65 during midday trading on Friday, hitting $255.91. 432,761 shares of the company traded hands, compared to its average volume of 812,770. The stock has a market cap of $29.17 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 3.99 and a beta of 1.37. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.74 and a current ratio of 1.11. The firm’s fifty day moving average price is $271.97 and its 200-day moving average price is $282.97. Rockwell Automation, Inc. has a 12 month low of $251.28 and a 12 month high of $348.52.

Rockwell Automation (NYSE:ROKGet Free Report) last posted its earnings results on Wednesday, May 8th. The industrial products company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.15 by $0.35. Rockwell Automation had a net margin of 13.19% and a return on equity of 34.83%. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period last year, the company earned $3.01 EPS. The firm’s revenue was down 6.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Rockwell Automation, Inc. will post 10.14 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th will be given a $1.25 dividend. The ex-dividend date is Monday, August 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.95%. Rockwell Automation’s dividend payout ratio (DPR) is currently 48.88%.

Insider Transactions at Rockwell Automation

In other news, VP John M. Miller sold 467 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $273.27, for a total value of $127,617.09. Following the transaction, the vice president now owns 4,800 shares in the company, valued at approximately $1,311,696. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP John M. Miller sold 467 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $273.27, for a total transaction of $127,617.09. Following the transaction, the vice president now owns 4,800 shares in the company, valued at approximately $1,311,696. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Tessa M. Myers sold 248 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $256.37, for a total transaction of $63,579.76. Following the transaction, the senior vice president now owns 4,246 shares in the company, valued at approximately $1,088,547.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,671 shares of company stock worth $438,754. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Profile

(Free Report)

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.

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

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