876 Shares in Rockwell Automation, Inc. (NYSE:ROK) Purchased by Jacobs & Co. CA

Jacobs & Co. CA bought a new position in Rockwell Automation, Inc. (NYSE:ROK) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 876 shares of the industrial products company’s stock, valued at approximately $272,000.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Rockwell Automation by 0.9% during the first quarter. Vanguard Group Inc. now owns 11,472,877 shares of the industrial products company’s stock valued at $3,212,750,000 after purchasing an additional 106,641 shares during the period. BlackRock Inc. raised its position in Rockwell Automation by 1.8% during the second quarter. BlackRock Inc. now owns 9,145,544 shares of the industrial products company’s stock valued at $3,013,000,000 after purchasing an additional 162,391 shares during the period. State Street Corp raised its position in Rockwell Automation by 2.0% during the second quarter. State Street Corp now owns 4,518,655 shares of the industrial products company’s stock valued at $1,488,671,000 after purchasing an additional 90,589 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Rockwell Automation by 2.6% in the third quarter. JPMorgan Chase & Co. now owns 2,752,223 shares of the industrial products company’s stock worth $786,778,000 after buying an additional 70,272 shares during the period. Finally, Morgan Stanley raised its holdings in shares of Rockwell Automation by 20.0% in the fourth quarter. Morgan Stanley now owns 2,741,019 shares of the industrial products company’s stock worth $706,004,000 after buying an additional 457,383 shares during the period. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $254.00 price target on shares of Rockwell Automation in a report on Thursday, March 21st. Citigroup reduced their price target on Rockwell Automation from $351.00 to $330.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. Mizuho reduced their price target on Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating on the stock in a report on Thursday, February 1st. Wells Fargo & Company dropped their price objective on Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating on the stock in a research note on Thursday, February 1st. Finally, UBS Group raised Rockwell Automation from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $305.00 to $360.00 in a research note on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $308.36.

Insider Buying and Selling

In other news, SVP Rebecca W. House sold 13,900 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $283.02, for a total transaction of $3,933,978.00. Following the transaction, the senior vice president now directly owns 8,482 shares in the company, valued at approximately $2,400,575.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, VP Brian A. Shepherd sold 637 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $262.87, for a total value of $167,448.19. Following the transaction, the vice president now owns 5,088 shares of the company’s stock, valued at $1,337,482.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Rebecca W. House sold 13,900 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $283.02, for a total value of $3,933,978.00. Following the completion of the transaction, the senior vice president now directly owns 8,482 shares in the company, valued at approximately $2,400,575.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,877 shares of company stock worth $5,058,772. Insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Performance

Shares of ROK opened at $291.21 on Thursday. Rockwell Automation, Inc. has a 12 month low of $252.11 and a 12 month high of $348.52. The stock has a fifty day moving average price of $284.53 and a 200-day moving average price of $284.51. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. The firm has a market cap of $33.37 billion, a PE ratio of 27.71, a P/E/G ratio of 2.66 and a beta of 1.43.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.58). The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. During the same quarter in the previous year, the business posted $2.46 EPS. Equities research analysts predict that Rockwell Automation, Inc. will post 12.29 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Tuesday, February 20th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.72%. The ex-dividend date was Friday, February 16th. Rockwell Automation’s payout ratio is 47.57%.

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.