Schroder Investment Management Group Sells 22,732 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Schroder Investment Management Group trimmed its stake in Rockwell Automation, Inc. (NYSE:ROKFree Report) by 20.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,135 shares of the industrial products company’s stock after selling 22,732 shares during the quarter. Schroder Investment Management Group owned approximately 0.08% of Rockwell Automation worth $27,364,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Bruce G. Allen Investments LLC bought a new stake in shares of Rockwell Automation during the 4th quarter valued at $27,000. Provence Wealth Management Group acquired a new position in Rockwell Automation in the 3rd quarter worth about $27,000. Fortitude Family Office LLC acquired a new position in Rockwell Automation in the 4th quarter worth about $46,000. Cape Investment Advisory Inc. acquired a new position in Rockwell Automation in the 4th quarter worth about $54,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in Rockwell Automation in the 4th quarter worth about $60,000. 75.75% of the stock is currently owned by institutional investors.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, SVP Cyril Perducat sold 659 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $260.11, for a total value of $171,412.49. Following the completion of the sale, the senior vice president now directly owns 4,630 shares of the company’s stock, valued at $1,204,309.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Rockwell Automation news, SVP Tessa M. Myers sold 248 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $256.37, for a total value of $63,579.76. Following the completion of the sale, the senior vice president now directly owns 4,246 shares of the company’s stock, valued at $1,088,547.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Cyril Perducat sold 659 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $260.11, for a total value of $171,412.49. Following the completion of the sale, the senior vice president now directly owns 4,630 shares of the company’s stock, valued at $1,204,309.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,671 shares of company stock valued at $438,754. 0.68% of the stock is owned by insiders.

Rockwell Automation Stock Performance

Shares of Rockwell Automation stock opened at $255.16 on Tuesday. The company has a market cap of $29.09 billion, a PE ratio of 24.94, a price-to-earnings-growth ratio of 4.00 and a beta of 1.38. Rockwell Automation, Inc. has a 52 week low of $251.28 and a 52 week high of $348.52. The business has a 50 day moving average price of $271.41 and a 200-day moving average price of $283.01. The company has a quick ratio of 0.74, a current ratio of 1.11 and a debt-to-equity ratio of 0.69.

Rockwell Automation (NYSE:ROKGet Free Report) last issued 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 company 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 was down 6.6% on a year-over-year basis. During the same period last year, the business posted $3.01 earnings per share. Equities analysts anticipate that Rockwell Automation, Inc. will post 10.14 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 12th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Monday, August 12th. Rockwell Automation’s payout ratio is 48.88%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ROK. Mizuho reduced their price target on Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Barclays reduced their price target on Rockwell Automation from $260.00 to $250.00 and set an “underweight” rating on the stock in a research report on Tuesday, June 4th. Citigroup reduced their price target on Rockwell Automation from $322.00 to $316.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Loop Capital reduced their price target 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. Finally, Robert W. Baird reduced their price target on Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $307.21.

Read Our Latest Report on ROK

About Rockwell Automation

(Free Report)

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.

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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