TigerOak Management L.L.C. Takes Position in Rockwell Automation, Inc. (NYSE:ROK)

TigerOak Management L.L.C. purchased a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 1,931 shares of the industrial products company’s stock, valued at approximately $552,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Creative Planning increased its holdings in Rockwell Automation by 3.2% in the 3rd quarter. Creative Planning now owns 25,927 shares of the industrial products company’s stock worth $6,960,000 after buying an additional 807 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Rockwell Automation by 3.0% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,382 shares of the industrial products company’s stock worth $9,499,000 after buying an additional 1,033 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in Rockwell Automation by 17.8% in the 3rd quarter. V Square Quantitative Management LLC now owns 3,637 shares of the industrial products company’s stock worth $976,000 after buying an additional 550 shares in the last quarter. Claro Advisors LLC increased its holdings in Rockwell Automation by 145.4% in the 3rd quarter. Claro Advisors LLC now owns 4,153 shares of the industrial products company’s stock worth $1,014,000 after buying an additional 2,461 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC increased its holdings in Rockwell Automation by 4.7% in the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 2,228 shares of the industrial products company’s stock worth $598,000 after buying an additional 101 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors.

Rockwell Automation Stock Performance

NYSE ROK opened at $294.81 on Friday. The company has a market cap of $33.32 billion, a P/E ratio of 35.61, a P/E/G ratio of 2.89 and a beta of 1.35. 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 business’s 50 day moving average price is $286.25 and its 200-day moving average price is $275.97. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $308.70.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. Sell-side analysts predict that Rockwell Automation, Inc. will post 9.32 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be issued a $1.31 dividend. This represents a $5.24 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Tuesday, February 18th. Rockwell Automation’s dividend payout ratio is 63.29%.

Analyst Ratings Changes

ROK has been the subject of several research analyst reports. Barclays lifted their price objective on Rockwell Automation from $285.00 to $300.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. Morgan Stanley raised their target price on Rockwell Automation from $335.00 to $345.00 and gave the stock an “overweight” rating in a research report on Wednesday. UBS Group initiated coverage on Rockwell Automation in a research report on Wednesday, November 13th. They set a “neutral” rating and a $313.00 price objective on the stock. Oppenheimer lifted their price objective on Rockwell Automation from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. decreased their target price on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 15th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $308.05.

Insiders Place Their Bets

In related news, VP John M. Miller sold 467 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $284.07, for a total transaction of $132,660.69. Following the completion of the sale, the vice president now directly owns 4,800 shares in the company, valued at $1,363,536. This represents a 8.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Scott Genereux sold 278 shares of the company’s stock in a transaction 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 sale, the vice president now owns 3,184 shares of the company’s stock, valued at $961,695.36. This trade represents a 8.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,707 shares of company stock worth $10,933,215. 0.68% of the stock is currently owned by company insiders.

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.