Tobam Has $95,000 Position in Rockwell Automation, Inc. (NYSE:ROK)

Tobam decreased its stake in Rockwell Automation, Inc. (NYSE:ROK) by 18.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 334 shares of the industrial products company’s stock after selling 76 shares during the period. Tobam’s holdings in Rockwell Automation were worth $95,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. State Street Corp increased its position in Rockwell Automation by 0.3% during the 3rd 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 period. Geode Capital Management LLC boosted its stake in shares of Rockwell Automation by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,683,202 shares of the industrial products company’s stock valued at $717,865,000 after purchasing an additional 14,040 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Rockwell Automation by 33.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company’s stock worth $417,802,000 after buying an additional 390,784 shares during the period. Accredited Investors Inc. raised its stake in Rockwell Automation by 162,058.5% during the third quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company’s stock worth $318,227,000 after buying an additional 1,184,648 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Rockwell Automation by 6.4% in 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 currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Scott Genereux sold 278 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $302.04, for a total value of $83,967.12. Following the transaction, the vice president now owns 3,184 shares in the company, valued at $961,695.36. The trade was a 8.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Isaac Woods sold 895 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $274.72, for a total value of $245,874.40. Following the sale, the vice president now directly owns 1,198 shares of the company’s stock, valued at $329,114.56. The trade was a 42.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,857 shares of company stock valued at $10,678,037. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Performance

Shares of Rockwell Automation stock opened at $268.27 on Friday. The company has a market cap of $30.32 billion, a PE ratio of 32.40, a price-to-earnings-growth ratio of 3.00 and a beta of 1.35. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.70. Rockwell Automation, Inc. has a 52 week low of $242.81 and a 52 week high of $304.29. The business has a 50 day moving average price of $286.26 and a 200-day moving average price of $275.01.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Thursday, November 7th. The industrial products company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.07. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period last year, the business earned $3.64 EPS. The business’s revenue was down 20.6% on a year-over-year basis. Equities analysts anticipate that Rockwell Automation, Inc. will post 9.32 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be issued a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a yield of 1.95%. The ex-dividend date is Tuesday, February 18th. Rockwell Automation’s dividend payout ratio (DPR) is presently 63.29%.

Analyst Upgrades and Downgrades

ROK has been the subject of a number of recent analyst reports. Jefferies Financial Group upgraded Rockwell Automation from a “hold” rating to a “buy” rating and increased their price target for the stock from $290.00 to $350.00 in a report on Thursday, December 12th. Citigroup lifted their target price on Rockwell Automation from $313.00 to $345.00 and gave the stock a “buy” rating in a report on Monday, December 9th. KeyCorp upgraded Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price target on the stock in a report on Monday, December 9th. Bank of America lifted their price objective on shares of Rockwell Automation from $270.00 to $285.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, Barclays cut their target price on shares of Rockwell Automation from $290.00 to $285.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Rockwell Automation presently has an average rating of “Hold” and an average target price of $304.16.

Rockwell Automation Company Profile

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.