Rockwell Automation, Inc. (NYSE:ROK) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 5.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,387 shares of the industrial products company’s stock after purchasing an additional 174 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Rockwell Automation were worth $968,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cetera Investment Advisers lifted its position in Rockwell Automation by 0.7% during the second quarter. Cetera Investment Advisers now owns 27,511 shares of the industrial products company’s stock valued at $7,573,000 after purchasing an additional 204 shares during the period. Sanctuary Advisors LLC acquired a new position in Rockwell Automation during the second quarter valued at $3,729,000. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Rockwell Automation by 2,472.6% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 10,239 shares of the industrial products company’s stock valued at $2,819,000 after purchasing an additional 9,841 shares during the period. Czech National Bank lifted its position in Rockwell Automation by 6.4% during the third quarter. Czech National Bank now owns 23,114 shares of the industrial products company’s stock valued at $6,205,000 after purchasing an additional 1,389 shares during the period. Finally, GAMMA Investing LLC lifted its position in Rockwell Automation by 31.4% during the third quarter. GAMMA Investing LLC now owns 2,000 shares of the industrial products company’s stock valued at $537,000 after purchasing an additional 478 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP Scott Genereux sold 278 shares of Rockwell Automation stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $302.04, for a total transaction of $83,967.12. Following the completion of the transaction, the vice president now owns 3,184 shares in the company, valued at approximately $961,695.36. The trade was a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Blake D. Moret sold 26,700 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $298.63, for a total transaction of $7,973,421.00. Following the completion of the transaction, the chief executive officer now directly owns 78,115 shares of the company’s stock, valued at approximately $23,327,482.45. This represents a 25.47 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 35,857 shares of company stock worth $10,678,037. 0.68% of the stock is owned by corporate insiders.

Rockwell Automation Stock Down 2.6 %

ROK stock opened at $271.13 on Tuesday. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $304.29. The stock has a market capitalization of $30.65 billion, a PE ratio of 32.75, a price-to-earnings-growth ratio of 3.00 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 1.08. The company has a fifty day moving average of $288.35 and a 200-day moving average of $275.09.

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

Analyst Ratings Changes

ROK has been the subject of a number of research reports. Wells Fargo & Company boosted their target price on shares of Rockwell Automation from $293.00 to $305.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Citigroup lifted their price objective on shares of Rockwell Automation from $313.00 to $345.00 and gave the company a “buy” rating in a report on Monday, December 9th. Stephens raised shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $275.00 to $350.00 in a report on Thursday, January 16th. Morgan Stanley lifted their price objective on shares of Rockwell Automation from $320.00 to $335.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating for the company in a report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Rockwell Automation currently has an average rating of “Hold” and an average target price of $304.16.

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.