Rockwell Automation, Inc. (NYSE:ROK) Stock Position Decreased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 8.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,755 shares of the industrial products company’s stock after selling 4,071 shares during the period. Public Employees Retirement System of Ohio’s holdings in Rockwell Automation were worth $13,038,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Rockwell Automation by 3.2% during the first quarter. Vanguard Group Inc. now owns 14,048,986 shares of the industrial products company’s stock valued at $4,092,891,000 after buying an additional 438,356 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Rockwell Automation by 951.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,532,949 shares of the industrial products company’s stock worth $1,611,915,000 after purchasing an additional 5,006,706 shares during the period. Lazard Asset Management LLC increased its stake in shares of Rockwell Automation by 32.0% in the first quarter. Lazard Asset Management LLC now owns 1,510,019 shares of the industrial products company’s stock worth $439,912,000 after purchasing an additional 365,795 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Rockwell Automation by 6.1% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 955,574 shares of the industrial products company’s stock worth $278,387,000 after purchasing an additional 54,948 shares during the period. Finally, Champlain Investment Partners LLC increased its stake in shares of Rockwell Automation by 82.4% in the first quarter. Champlain Investment Partners LLC now owns 859,717 shares of the industrial products company’s stock worth $250,461,000 after purchasing an additional 388,400 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Redburn Atlantic assumed coverage on Rockwell Automation in a research note on Monday, July 8th. They issued a “neutral” rating and a $256.00 price objective on the stock. Robert W. Baird dropped their price objective on Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. Mizuho dropped their price objective on Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Barclays decreased their target price on Rockwell Automation from $250.00 to $245.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 10th. Finally, Loop Capital decreased their target price on Rockwell Automation from $300.00 to $290.00 and set a “hold” rating on the stock in a research report on Tuesday, May 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Rockwell Automation presently has an average rating of “Hold” and a consensus price target of $300.71.

Insider Transactions at Rockwell Automation

In related news, SVP Tessa M. Myers sold 528 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $253.78, for a total value of $133,995.84. Following the completion of the transaction, the senior vice president now owns 3,718 shares in the company, valued at approximately $943,554.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Tessa M. Myers sold 528 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $253.78, for a total value of $133,995.84. Following the completion of the transaction, the senior vice president now owns 3,718 shares in the company, valued at approximately $943,554.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John M. Miller sold 467 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $273.27, for a total transaction of $127,617.09. Following the completion of the transaction, the vice president now owns 4,800 shares of the company’s stock, valued at approximately $1,311,696. The disclosure for this sale can be found here. Insiders have sold 2,199 shares of company stock valued at $572,750 in the last three months. 0.68% of the stock is owned by corporate insiders.

Rockwell Automation Price Performance

Shares of ROK traded down $4.99 on Monday, hitting $272.05. The company’s stock had a trading volume of 469,628 shares, compared to its average volume of 973,256. The company has a market capitalization of $31.01 billion, a PE ratio of 27.08, a PEG ratio of 4.93 and a beta of 1.37. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.11 and a quick ratio of 0.74. Rockwell Automation, Inc. has a fifty-two week low of $249.00 and a fifty-two week high of $339.65. The company has a 50 day moving average price of $265.75 and a 200 day moving average price of $276.65.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, May 8th. The industrial products company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.15 by $0.35. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.05 billion. Rockwell Automation had a return on equity of 34.83% and a net margin of 13.19%. Rockwell Automation’s revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.01 EPS. On average, research analysts anticipate that Rockwell Automation, Inc. will post 10.07 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Monday, August 12th. Rockwell Automation’s payout ratio is currently 48.88%.

Rockwell Automation 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.