Tobam Has $95,000 Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Tobam trimmed its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 18.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 334 shares of the industrial products company’s stock after selling 76 shares during the period. Tobam’s holdings in Rockwell Automation were worth $95,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ROK. Sumitomo Mitsui Trust Group Inc. raised its stake in Rockwell Automation by 2.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,008,209 shares of the industrial products company’s stock valued at $288,136,000 after acquiring an additional 21,360 shares during the period. Strategic Financial Concepts LLC acquired a new position in shares of Rockwell Automation in the fourth quarter valued at $8,711,000. GHP Investment Advisors Inc. raised its position in shares of Rockwell Automation by 4.8% in the fourth quarter. GHP Investment Advisors Inc. now owns 48,816 shares of the industrial products company’s stock valued at $13,951,000 after purchasing an additional 2,258 shares during the period. Klein Pavlis & Peasley Financial Inc. lifted its stake in shares of Rockwell Automation by 102.5% during the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 9,241 shares of the industrial products company’s stock worth $2,641,000 after buying an additional 4,678 shares during the last quarter. Finally, Bleakley Financial Group LLC boosted its holdings in shares of Rockwell Automation by 5.7% during the 4th quarter. Bleakley Financial Group LLC now owns 3,353 shares of the industrial products company’s stock worth $958,000 after buying an additional 182 shares during the period. 75.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Rockwell Automation

In related news, VP John M. Miller sold 467 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $284.07, for a total transaction of $132,660.69. Following the sale, the vice president now owns 4,800 shares of the company’s stock, valued at $1,363,536. This trade represents a 8.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Scott Genereux sold 279 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $296.13, for a total value of $82,620.27. Following the completion of the transaction, the vice president now directly owns 2,891 shares of the company’s stock, valued at approximately $856,111.83. The trade was a 8.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,857 shares of company stock worth $10,678,037 over the last quarter. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Trading Down 0.2 %

Shares of ROK opened at $268.27 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 1.08. Rockwell Automation, Inc. has a 52-week low of $242.81 and a 52-week high of $304.29. The firm has a market cap of $30.32 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 3.00 and a beta of 1.35. The business’s fifty day moving average is $286.26 and its 200-day moving average is $275.01.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Thursday, November 7th. The industrial products company reported $2.47 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 firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the previous year, the firm earned $3.64 earnings per share. The business’s quarterly revenue was down 20.6% on a year-over-year basis. Equities analysts anticipate that Rockwell Automation, Inc. will post 9.32 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be paid a $1.31 dividend. This represents a $5.24 annualized dividend and a yield of 1.95%. The ex-dividend date is Tuesday, February 18th. Rockwell Automation’s payout ratio is 63.29%.

Wall Street Analysts Forecast Growth

ROK has been the topic of several research analyst reports. Robert W. Baird increased their price target on shares of Rockwell Automation from $290.00 to $305.00 and gave the company an “outperform” rating in a report on Tuesday, November 26th. Oppenheimer lifted their price target on Rockwell Automation from $288.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. UBS Group assumed coverage on Rockwell Automation in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $313.00 price target for the company. HSBC upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price objective on the stock in a research report on Wednesday, December 11th. Finally, Morgan Stanley boosted their target price on shares of Rockwell Automation from $320.00 to $335.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Rockwell Automation has a consensus rating of “Hold” and a consensus price target of $304.16.

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.