5,709 Shares in Rockwell Automation, Inc. (NYSE:ROK) Bought by Qsemble Capital Management LP

Qsemble Capital Management LP acquired a new stake in Rockwell Automation, Inc. (NYSE:ROK) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,709 shares of the industrial products company’s stock, valued at approximately $1,533,000.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in Rockwell Automation by 33.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company’s stock valued at $417,802,000 after buying an additional 390,784 shares during the last quarter. Accredited Investors Inc. grew its position in shares of Rockwell Automation by 162,058.5% in the third quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company’s stock valued at $318,227,000 after purchasing an additional 1,184,648 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in Rockwell Automation by 4.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 986,849 shares of the industrial products company’s stock valued at $264,929,000 after buying an additional 41,605 shares during the last quarter. International Assets Investment Management LLC increased its position in Rockwell Automation by 29,591.7% during the 3rd quarter. International Assets Investment Management LLC now owns 936,178 shares of the industrial products company’s stock worth $251,326,000 after purchasing an additional 933,025 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Rockwell Automation by 6.2% during the second quarter. Bank of New York Mellon Corp now owns 842,012 shares of the industrial products company’s stock worth $231,789,000 after buying an additional 48,951 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Stock Up 2.7 %

ROK stock opened at $298.84 on Tuesday. The firm has a fifty day moving average price of $272.12 and a two-hundred day moving average price of $267.32. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.08 and a quick ratio of 0.72. Rockwell Automation, Inc. has a 1-year low of $242.81 and a 1-year high of $312.76. The firm has a market cap of $33.74 billion, a price-to-earnings ratio of 36.09, a PEG ratio of 3.02 and a beta of 1.36.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Thursday, November 7th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.07. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter last year, the business posted $3.64 EPS. The business’s revenue was down 20.6% on a year-over-year basis. Research analysts predict that Rockwell Automation, Inc. will post 9.46 EPS for the current year.

Rockwell Automation declared that its board has initiated a share repurchase program on Thursday, September 5th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the industrial products company to repurchase up to 3.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Rockwell Automation Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 18th will be issued a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Monday, November 18th. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.25. Rockwell Automation’s dividend payout ratio (DPR) is 63.29%.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, SVP Veena M. Lakkundi sold 579 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $266.86, for a total transaction of $154,511.94. Following the sale, the senior vice president now directly owns 4,576 shares in the company, valued at approximately $1,221,151.36. The trade was a 11.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Blake D. Moret sold 26,700 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $298.63, for a total transaction of $7,973,421.00. Following the transaction, the chief executive officer now owns 78,115 shares in the company, valued at $23,327,482.45. This represents a 25.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,746 shares of company stock worth $8,560,594. 0.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Mizuho upped their target price on Rockwell Automation from $245.00 to $270.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. TD Cowen dropped their target price on Rockwell Automation from $220.00 to $215.00 and set a “sell” rating on the stock in a report on Thursday, August 8th. UBS Group began coverage on shares of Rockwell Automation in a research note on Wednesday, November 13th. They set a “neutral” rating and a $313.00 price objective on the stock. JPMorgan Chase & Co. lowered their price target on shares of Rockwell Automation from $245.00 to $227.00 and set an “underweight” rating for the company in a report on Monday, August 12th. Finally, Oppenheimer upped their price objective on shares of Rockwell Automation from $288.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $286.13.

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.