Rockwell Automation, Inc. (NYSE:ROK) Shares Bought by Hemenway Trust Co LLC

Hemenway Trust Co LLC lifted its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,227 shares of the industrial products company’s stock after buying an additional 1,436 shares during the period. Rockwell Automation comprises 2.5% of Hemenway Trust Co LLC’s investment portfolio, making the stock its 16th biggest holding. Hemenway Trust Co LLC owned approximately 0.10% of Rockwell Automation worth $31,216,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Public Sector Pension Investment Board boosted its position in shares of Rockwell Automation by 14.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 4,897 shares of the industrial products company’s stock worth $1,315,000 after purchasing an additional 600 shares in the last quarter. Investment Management Corp of Ontario lifted its stake in shares of Rockwell Automation by 50.9% in the third quarter. Investment Management Corp of Ontario now owns 3,854 shares of the industrial products company’s stock valued at $1,035,000 after purchasing an additional 1,300 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in Rockwell Automation by 2.5% during the third quarter. Integrated Wealth Concepts LLC now owns 6,012 shares of the industrial products company’s stock worth $1,614,000 after buying an additional 149 shares in the last quarter. IHT Wealth Management LLC boosted its holdings in Rockwell Automation by 10.7% during the third quarter. IHT Wealth Management LLC now owns 2,960 shares of the industrial products company’s stock worth $791,000 after buying an additional 285 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Rockwell Automation during the third quarter worth about $8,909,000. 75.75% of the stock is owned by institutional investors and hedge funds.

Rockwell Automation Stock Performance

Rockwell Automation stock opened at $227.25 on Friday. The stock has a fifty day moving average price of $274.90 and a 200 day moving average price of $278.24. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 52 week low of $218.48 and a 52 week high of $308.70. The firm has a market capitalization of $25.70 billion, a P/E ratio of 28.30, a PEG ratio of 3.53 and a beta of 1.39.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. Equities research analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be paid a dividend of $1.31 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $5.24 annualized dividend and a dividend yield of 2.31%. Rockwell Automation’s dividend payout ratio is presently 65.26%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ROK shares. Morgan Stanley boosted their price target on Rockwell Automation from $335.00 to $345.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Stephens upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $275.00 to $350.00 in a research report on Thursday, January 16th. Citigroup raised their price target on Rockwell Automation from $345.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Oppenheimer boosted their price objective on shares of Rockwell Automation from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Finally, Wells Fargo & Company raised their target price on shares of Rockwell Automation from $315.00 to $337.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $307.42.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, SVP Tessa M. Myers sold 1,231 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $285.43, for a total transaction of $351,364.33. Following the completion of the sale, the senior vice president now directly owns 3,650 shares in the company, valued at $1,041,819.50. This represents a 25.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Scott Genereux sold 500 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $290.14, for a total transaction of $145,070.00. Following the sale, the vice president now directly owns 1,905 shares of the company’s stock, valued at approximately $552,716.70. This trade represents a 20.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,352 shares of company stock worth $1,246,298 in the last ninety days. Insiders own 0.68% of the company’s stock.

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.