Rockwell Automation, Inc. (NYSE:ROK) Shares Purchased by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in Rockwell Automation, Inc. (NYSE:ROK) by 6.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,000 shares of the industrial products company’s stock after acquiring an additional 900 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Rockwell Automation were worth $4,287,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. West Oak Capital LLC lifted its position in shares of Rockwell Automation by 455.6% during the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 82 shares during the last quarter. Bank of Jackson Hole Trust purchased a new stake in Rockwell Automation during the 4th quarter worth about $34,000. SBI Securities Co. Ltd. acquired a new position in shares of Rockwell Automation during the 4th quarter worth about $35,000. Flagship Wealth Advisors LLC purchased a new position in shares of Rockwell Automation in the 4th quarter valued at about $38,000. Finally, Knuff & Co LLC raised its position in shares of Rockwell Automation by 41.0% during the 4th quarter. Knuff & Co LLC now owns 141 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 41 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Stock Performance

NYSE ROK opened at $269.06 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average is $279.76 and its two-hundred day moving average is $278.72. The stock has a market capitalization of $30.42 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a 12-month low of $242.81 and a 12-month high of $308.70.

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 analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. Research analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were issued a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Tuesday, February 18th. Rockwell Automation’s dividend payout ratio is currently 65.26%.

Insiders Place Their Bets

In other Rockwell Automation news, SVP Tessa M. Myers sold 1,231 shares of the company’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $285.43, for a total value of $351,364.33. Following the sale, the senior vice president now owns 3,650 shares of the company’s stock, valued at approximately $1,041,819.50. This represents a 25.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Isaac Woods sold 895 shares of the firm’s stock in a transaction 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 completion of the transaction, the vice president now owns 1,198 shares of the company’s stock, valued at approximately $329,114.56. This represents a 42.76 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,352 shares of company stock worth $1,246,298. 0.68% of the stock is owned by company insiders.

Analyst Ratings Changes

ROK has been the topic of several recent analyst reports. Morgan Stanley increased their price target on shares of Rockwell Automation from $335.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group lifted their price target on shares of Rockwell Automation from $257.00 to $290.00 and gave the stock a “sell” rating in a research note on Tuesday, February 11th. KeyCorp upgraded shares of Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price objective for the company in a research note on Monday, December 9th. Barclays cut their target price on Rockwell Automation from $285.00 to $280.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Oppenheimer upped their target price on Rockwell Automation from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $307.42.

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.