Livforsakringsbolaget Skandia Omsesidigt Has $79,000 Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 90.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 255 shares of the industrial products company’s stock after acquiring an additional 121 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Rockwell Automation were worth $79,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ROK. Imprint Wealth LLC boosted its stake in Rockwell Automation by 32,845.0% in the 2nd quarter. Imprint Wealth LLC now owns 1,254,546 shares of the industrial products company’s stock valued at $125,455,000 after purchasing an additional 1,250,738 shares during the period. Moneta Group Investment Advisors LLC increased its holdings in Rockwell Automation by 87,404.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,236,433 shares of the industrial products company’s stock worth $318,468,000 after purchasing an additional 1,235,020 shares in the last quarter. Norges Bank acquired a new position in Rockwell Automation in the 4th quarter worth about $215,125,000. Morgan Stanley grew its position in shares of Rockwell Automation by 20.0% in the 4th quarter. Morgan Stanley now owns 2,741,019 shares of the industrial products company’s stock valued at $706,004,000 after buying an additional 457,383 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Rockwell Automation by 13.8% in the first quarter. JPMorgan Chase & Co. now owns 2,638,992 shares of the industrial products company’s stock worth $774,411,000 after acquiring an additional 320,524 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP Brian A. Shepherd sold 637 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $262.87, for a total value of $167,448.19. Following the completion of the sale, the vice president now directly owns 5,088 shares in the company, valued at $1,337,482.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Rockwell Automation news, CFO Nicholas C. Gangestad sold 1,989 shares of Rockwell Automation stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $288.17, for a total value of $573,170.13. Following the completion of the sale, the chief financial officer now directly owns 12,217 shares in the company, valued at $3,520,572.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Brian A. Shepherd sold 637 shares of Rockwell Automation stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $262.87, for a total transaction of $167,448.19. Following the completion of the transaction, the vice president now directly owns 5,088 shares in the company, valued at approximately $1,337,482.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,877 shares of company stock worth $5,058,772. Insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Barclays decreased their price target on Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating for the company in a research report on Tuesday, April 2nd. Wells Fargo & Company dropped their price objective on Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating for the company in a research note on Thursday, February 1st. Oppenheimer decreased their price objective on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. Mizuho reduced their target price on Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating on the stock in a report on Thursday, February 1st. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $254.00 target price on shares of Rockwell Automation in a research note on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $310.08.

Rockwell Automation Stock Down 1.3 %

ROK opened at $269.96 on Friday. Rockwell Automation, Inc. has a twelve month low of $252.11 and a twelve month high of $348.52. The company has a market cap of $30.93 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 2.76 and a beta of 1.43. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average price of $282.86 and a 200 day moving average price of $284.17.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.58). The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. During the same period in the previous year, the business posted $2.46 EPS. Sell-side analysts expect that Rockwell Automation, Inc. will post 11.98 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Friday, May 10th. Rockwell Automation’s dividend payout ratio (DPR) is 47.57%.

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.