Gulf International Bank UK Ltd Sells 88 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Gulf International Bank UK Ltd lessened its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,981 shares of the industrial products company’s stock after selling 88 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Rockwell Automation were worth $2,566,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Mn Services Vermogensbeheer B.V. boosted its position in Rockwell Automation by 1.6% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 44,702 shares of the industrial products company’s stock valued at $12,775,000 after acquiring an additional 700 shares in the last quarter. Nwam LLC boosted its position in shares of Rockwell Automation by 189.0% in the 4th quarter. Nwam LLC now owns 3,017 shares of the industrial products company’s stock worth $862,000 after purchasing an additional 1,973 shares in the last quarter. Advisor OS LLC acquired a new stake in shares of Rockwell Automation in the 4th quarter worth $230,000. Lake Street Advisors Group LLC boosted its position in shares of Rockwell Automation by 3.0% in the 4th 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 in the last quarter. Finally, FourThought Financial Partners LLC acquired a new stake in shares of Rockwell Automation in the 4th quarter worth $426,000. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Performance

NYSE ROK opened at $287.51 on Friday. The stock has a 50-day simple moving average of $286.05 and a two-hundred day simple moving average of $278.35. The firm has a market capitalization of $32.51 billion, a P/E ratio of 35.80, a PEG ratio of 3.53 and a beta of 1.35. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $308.70. 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 (NYSE:ROK) last announced its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share 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, equities analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Tuesday, February 18th. This represents a $5.24 annualized dividend and a dividend yield of 1.82%. Rockwell Automation’s dividend payout ratio is presently 65.26%.

Insider Activity at Rockwell Automation

In related news, SVP Matheus De A. G. Viera Bulho sold 1,304 shares of Rockwell Automation stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $299.61, for a total value of $390,691.44. Following the completion of the transaction, the senior vice president now owns 1,059 shares in the company, valued at $317,286.99. The trade was a 55.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Scott Genereux sold 278 shares of Rockwell Automation stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $302.04, for a total value of $83,967.12. Following the completion of the sale, the vice president now owns 3,184 shares in the company, valued at approximately $961,695.36. The trade was a 8.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,540 shares of company stock worth $1,935,134 in the last 90 days. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Barclays raised their price objective on Rockwell Automation from $285.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. KeyCorp raised 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. HSBC raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price objective for the company in a research report on Wednesday, December 11th. Loop Capital raised their price objective on Rockwell Automation from $260.00 to $280.00 and gave the stock a “hold” rating in a research report on Tuesday. Finally, Citigroup raised their price objective on Rockwell Automation from $345.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $307.55.

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.