SRN Advisors LLC Purchases 144 Shares of Rockwell Automation, Inc. (NYSE:ROK)

SRN Advisors LLC lifted its position in Rockwell Automation, Inc. (NYSE:ROK) by 4.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,178 shares of the industrial products company’s stock after buying an additional 144 shares during the quarter. SRN Advisors LLC’s holdings in Rockwell Automation were worth $926,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Rockwell Automation by 3.2% in 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 boosted its position in Rockwell Automation by 951.4% during 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 boosted its position in Rockwell Automation by 32.0% during 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. boosted its position in Rockwell Automation by 6.1% during 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 boosted its position in Rockwell Automation by 82.4% during 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. 75.75% of the stock is owned by institutional investors.

Rockwell Automation Price Performance

ROK stock traded down $11.15 during midday trading on Friday, reaching $253.47. The company had a trading volume of 831,550 shares, compared to its average volume of 723,806. The company has a market capitalization of $28.90 billion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 4.71 and a beta of 1.37. The stock has a 50 day moving average price of $265.87 and a 200-day moving average price of $275.63. Rockwell Automation, Inc. has a 1-year low of $249.00 and a 1-year high of $317.74. 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 (NYSE:ROK) last posted its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.35. The business had revenue of $2.13 billion during 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 for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.01 earnings per share. Equities research analysts expect that Rockwell Automation, Inc. will post 10.07 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 12th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Monday, August 12th. Rockwell Automation’s dividend payout ratio (DPR) is presently 48.88%.

Analysts Set New Price Targets

ROK has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their price objective on shares of Rockwell Automation from $312.00 to $305.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Mizuho reduced their price objective on shares of Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Citigroup reduced their price objective on shares of Rockwell Automation from $322.00 to $316.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Loop Capital reduced their price objective on shares of Rockwell Automation from $300.00 to $290.00 and set a “hold” rating for the company in a research report on Tuesday, May 14th. Finally, Robert W. Baird reduced their target price on shares of Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $294.17.

Insider Activity at Rockwell Automation

In related news, SVP Tessa M. Myers sold 528 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was 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 of the company’s stock, valued at $943,554.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Rockwell Automation news, SVP Tessa M. Myers sold 528 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $253.78, for a total transaction of $133,995.84. Following the completion of the transaction, the senior vice president now owns 3,718 shares of the company’s stock, valued at $943,554.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP John M. Miller sold 467 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $273.27, for a total value of $127,617.09. Following the transaction, the vice president now directly 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 sold a total of 2,199 shares of company stock valued at $572,750 over the last quarter. 0.68% of the stock is owned by corporate insiders.

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.