Granite Investment Partners LLC Has $22.71 Million Stake in Rockwell Automation, Inc. (NYSE:ROK)

Granite Investment Partners LLC lowered its stake in shares of Rockwell Automation, Inc. (NYSE:ROK – Get Rating) by 0.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 88,168 shares of the industrial products company’s stock after selling 447 shares during the period. Granite Investment Partners LLC owned approximately 0.08% of Rockwell Automation worth $22,709,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ROK. Amalgamated Bank lifted its position in shares of Rockwell Automation by 1.1% during the 4th quarter. Amalgamated Bank now owns 30,786 shares of the industrial products company’s stock worth $7,930,000 after buying an additional 330 shares in the last quarter. Checchi Capital Advisers LLC lifted its position in shares of Rockwell Automation by 4.6% during the 4th quarter. Checchi Capital Advisers LLC now owns 1,486 shares of the industrial products company’s stock worth $383,000 after buying an additional 66 shares in the last quarter. Bison Wealth LLC bought a new position in shares of Rockwell Automation during the 4th quarter worth approximately $238,000. Ameritas Advisory Services LLC lifted its position in shares of Rockwell Automation by 45.6% during the 4th quarter. Ameritas Advisory Services LLC now owns 6,614 shares of the industrial products company’s stock worth $1,704,000 after buying an additional 2,070 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Rockwell Automation by 123.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,988 shares of the industrial products company’s stock worth $1,027,000 after purchasing an additional 2,203 shares during the period. Institutional investors and hedge funds own 77.66% of the company’s stock.

Insider Buying and Selling

In other Rockwell Automation news, VP Scott Genereux sold 500 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $280.00, for a total transaction of $140,000.00. Following the completion of the transaction, the vice president now owns 3,376 shares of the company’s stock, valued at approximately $945,280. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Isaac Woods sold 100 shares of the firm’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $294.33, for a total value of $29,433.00. Following the completion of the sale, the vice president now directly owns 452 shares of the company’s stock, valued at approximately $133,037.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Scott Genereux sold 500 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $280.00, for a total transaction of $140,000.00. Following the transaction, the vice president now owns 3,376 shares in the company, valued at approximately $945,280. The disclosure for this sale can be found here. Insiders have sold 3,131 shares of company stock valued at $905,751 over the last ninety days. 0.64% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on ROK. Sanford C. Bernstein lifted their price target on shares of Rockwell Automation from $250.00 to $290.00 in a report on Thursday, May 11th. Morgan Stanley reaffirmed an “overweight” rating and issued a $335.00 price target on shares of Rockwell Automation in a report on Tuesday, February 14th. Barclays lifted their price target on shares of Rockwell Automation from $250.00 to $262.00 in a report on Friday, April 28th. Mizuho boosted their target price on shares of Rockwell Automation from $260.00 to $270.00 in a report on Friday, April 28th. Finally, Robert W. Baird boosted their target price on shares of Rockwell Automation from $285.00 to $292.00 and gave the company an “outperform” rating in a report on Friday, January 27th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $271.67.

Rockwell Automation Trading Up 4.2 %

Rockwell Automation stock traded up $11.43 during mid-day trading on Friday, hitting $284.86. The company’s stock had a trading volume of 440,980 shares, compared to its average volume of 709,804. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.08 and a quick ratio of 0.73. The stock has a market cap of $32.72 billion, a price-to-earnings ratio of 24.07, a price-to-earnings-growth ratio of 1.98 and a beta of 1.42. The business has a 50 day moving average price of $277.91 and a 200-day moving average price of $275.80. Rockwell Automation, Inc. has a 12 month low of $190.08 and a 12 month high of $309.36.

Rockwell Automation (NYSE:ROK – Get Rating) last released its quarterly earnings data on Thursday, April 27th. The industrial products company reported $3.01 earnings per share for the quarter, beating analysts’ consensus estimates of $2.60 by $0.41. Rockwell Automation had a return on equity of 42.15% and a net margin of 15.82%. The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the prior year, the firm posted $1.66 earnings per share. The business’s quarterly revenue was up 25.8% compared to the same quarter last year. As a group, analysts forecast that Rockwell Automation, Inc. will post 12.06 EPS for the current year.

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 12th. Stockholders of record on Monday, May 15th will be issued a dividend of $1.18 per share. The ex-dividend date of this dividend is Friday, May 12th. This represents a $4.72 dividend on an annualized basis and a dividend yield of 1.66%. Rockwell Automation’s dividend payout ratio is currently 41.55%.

Rockwell Automation Profile

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Rockwell Automation, Inc engages in the provision of industrial automation and information services. It operates through the following segments: Intelligent Devices, Software and Control, and Lifecycle Services. The Intelligent Devices segment combines a portfolio of smart products that create the foundation of an agile, resilient, and sustainable production system.