Amalgamated Bank Has $6.24 Million Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

Amalgamated Bank lowered its position in Rockwell Automation, Inc. (NYSE:ROK) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,840 shares of the industrial products company’s stock after selling 1,130 shares during the quarter. Amalgamated Bank’s holdings in Rockwell Automation were worth $6,242,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ROK. Mirae Asset Global Investments Co. Ltd. increased its holdings in Rockwell Automation by 24.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,024 shares of the industrial products company’s stock worth $2,442,000 after buying an additional 1,773 shares during the last quarter. State of Alaska Department of Revenue grew its position in Rockwell Automation by 0.4% in the third quarter. State of Alaska Department of Revenue now owns 13,764 shares of the industrial products company’s stock worth $3,694,000 after acquiring an additional 55 shares in the last quarter. MONECO Advisors LLC increased its stake in shares of Rockwell Automation by 4.2% during the 3rd quarter. MONECO Advisors LLC now owns 2,517 shares of the industrial products company’s stock worth $676,000 after purchasing an additional 102 shares during the last quarter. First Trust Direct Indexing L.P. raised its holdings in shares of Rockwell Automation by 14.5% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,197 shares of the industrial products company’s stock valued at $1,127,000 after purchasing an additional 533 shares in the last quarter. Finally, Pinnacle Associates Ltd. lifted its stake in shares of Rockwell Automation by 102.6% in the 3rd quarter. Pinnacle Associates Ltd. now owns 8,695 shares of the industrial products company’s stock valued at $2,334,000 after purchasing an additional 4,403 shares during the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Rockwell Automation Stock Down 0.5 %

NYSE ROK opened at $287.38 on Thursday. Rockwell Automation, Inc. has a twelve month low of $242.81 and a twelve month high of $308.70. The stock has a market cap of $32.49 billion, a PE ratio of 35.79, a PEG ratio of 3.53 and a beta of 1.35. The firm has a 50-day simple moving average of $286.13 and a 200 day simple moving average of $278.06. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. On average, research analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Dividend Announcement

The firm also recently declared 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 yield of 1.82%. The ex-dividend date is Tuesday, February 18th. Rockwell Automation’s dividend payout ratio (DPR) is presently 65.26%.

Insider Activity

In related news, VP Terry L. Riesterer sold 850 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total value of $255,178.50. Following the sale, the vice president now owns 1,633 shares of the company’s stock, valued at $490,242.93. The trade was a 34.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Blake D. Moret sold 1,741 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $296.67, for a total value of $516,502.47. Following the transaction, the chief executive officer now owns 80,309 shares of the company’s stock, valued at $23,825,271.03. This represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,540 shares of company stock worth $1,935,134. 0.68% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ROK has been the topic of several analyst reports. KeyCorp raised shares of Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 target price on the stock in a research report on Monday, December 9th. Robert W. Baird increased their price objective on Rockwell Automation from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. 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 report on Thursday, January 16th. Citigroup increased their price target on Rockwell Automation from $345.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, UBS Group assumed coverage on shares of Rockwell Automation in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $313.00 price objective for the company. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $307.55.

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.