Rockwell Automation, Inc. (NYSE:ROK) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Rockwell Automation, Inc. (NYSE:ROK) by 7.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 323,410 shares of the industrial products company’s stock after acquiring an additional 23,310 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.29% of Rockwell Automation worth $91,457,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. West Oak Capital LLC raised its position in shares of Rockwell Automation by 455.6% in the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after buying an additional 82 shares during the period. Bank of Jackson Hole Trust purchased a new position in shares of Rockwell Automation in the 4th quarter worth about $34,000. SBI Securities Co. Ltd. acquired a new position in shares of Rockwell Automation in the 4th quarter valued at about $35,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Rockwell Automation during the 4th quarter worth about $38,000. Finally, Knuff & Co LLC increased its position in Rockwell Automation by 41.0% during the 4th quarter. Knuff & Co LLC now owns 141 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 41 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Activity

In other news, VP Isaac Woods sold 895 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $274.72, for a total transaction of $245,874.40. Following the completion of the transaction, the vice president now directly owns 1,198 shares in the company, valued at approximately $329,114.56. The trade was a 42.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Scott Genereux sold 500 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $290.14, for a total value of $145,070.00. Following the completion of the transaction, the vice president now directly owns 1,905 shares of the company’s stock, valued at approximately $552,716.70. The trade was a 20.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,352 shares of company stock valued at $1,246,298. 0.68% of the stock is currently owned by company insiders.

Rockwell Automation Stock Down 0.3 %

Shares of NYSE:ROK opened at $268.50 on Friday. The company’s fifty day moving average is $279.51 and its two-hundred day moving average is $278.65. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. Rockwell Automation, Inc. has a 1-year low of $242.81 and a 1-year high of $308.70. The stock has a market capitalization of $30.36 billion, a price-to-earnings ratio of 33.44, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. Equities analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were paid a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Tuesday, February 18th. Rockwell Automation’s payout ratio is 65.26%.

Wall Street Analysts Forecast Growth

ROK has been the subject of several research reports. KeyCorp upgraded shares of Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price objective for the company in a research note on Monday, December 9th. Jefferies Financial Group upgraded Rockwell Automation from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $290.00 to $350.00 in a research note on Thursday, December 12th. Barclays lowered their target price on Rockwell Automation from $285.00 to $280.00 and set an “equal weight” rating for the company in a research note on Wednesday. The Goldman Sachs Group lifted their price objective on shares of Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a research note on Tuesday, February 11th. Finally, Morgan Stanley raised their price target on shares of Rockwell Automation from $335.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $307.42.

About Rockwell Automation

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.