WIM INVESTMENT MANAGEMENT Ltd Has $11.42 Million Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

WIM INVESTMENT MANAGEMENT Ltd raised its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 65.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,950 shares of the industrial products company’s stock after acquiring an additional 15,750 shares during the quarter. Rockwell Automation accounts for about 3.9% of WIM INVESTMENT MANAGEMENT Ltd’s portfolio, making the stock its 7th biggest holding. WIM INVESTMENT MANAGEMENT Ltd’s holdings in Rockwell Automation were worth $11,417,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Prospera Financial Services Inc increased its holdings in Rockwell Automation by 0.9% in the third quarter. Prospera Financial Services Inc now owns 4,033 shares of the industrial products company’s stock worth $1,083,000 after buying an additional 37 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its position in Rockwell Automation by 0.9% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company’s stock worth $1,199,000 after purchasing an additional 38 shares during the period. Lake Street Advisors Group LLC lifted its position in Rockwell Automation by 3.0% in the fourth quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company’s stock worth $386,000 after purchasing an additional 39 shares during the period. Fortitude Advisory Group L.L.C. lifted its position in Rockwell Automation by 3.8% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company’s stock worth $309,000 after purchasing an additional 40 shares during the period. Finally, Knuff & Co LLC lifted its holdings in shares of Rockwell Automation by 41.0% during the fourth quarter. Knuff & Co LLC now owns 141 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 41 shares during the period. 75.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ROK. Stephens upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $275.00 to $350.00 in a research note on Thursday, January 16th. JPMorgan Chase & Co. lowered their price target on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating for the company in a research note on Wednesday, January 15th. KeyCorp upgraded Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price objective for the company in a research report on Monday, December 9th. Wells Fargo & Company upped their price target on Rockwell Automation from $315.00 to $337.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, Loop Capital increased their price objective on Rockwell Automation from $260.00 to $280.00 and gave the company a “hold” rating in a report on Tuesday, February 25th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Rockwell Automation currently has a consensus rating of “Hold” and a consensus price target of $307.68.

Rockwell Automation Stock Down 1.5 %

Shares of NYSE:ROK opened at $258.02 on Wednesday. The stock has a market cap of $29.18 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 3.53 and a beta of 1.39. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 12-month low of $242.81 and a 12-month high of $308.70. The business’s 50 day moving average is $281.24 and its 200 day moving average is $278.68.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. On average, sell-side analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were given a dividend of $1.31 per share. The ex-dividend date was Tuesday, February 18th. This represents a $5.24 annualized dividend and a dividend yield of 2.03%. Rockwell Automation’s payout ratio is 65.26%.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, VP Scott Genereux sold 500 shares of the business’s 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 sale, the vice president now directly owns 1,905 shares in the company, valued at $552,716.70. The trade was a 20.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Isaac Woods sold 895 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $274.72, for a total value of $245,874.40. Following the completion of the sale, the vice president now 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 disclosure for this sale can be found here. Insiders have sold a total of 4,352 shares of company stock valued at $1,246,298 over the last 90 days. Insiders own 0.68% of the company’s stock.

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.