Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. lessened its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,871 shares of the industrial products company’s stock after selling 47 shares during the period. Cullen Frost Bankers Inc.’s holdings in Rockwell Automation were worth $1,823,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC increased its holdings in shares of Rockwell Automation by 33,600.1% during the 4th quarter. International Assets Investment Management LLC now owns 295,213 shares of the industrial products company’s stock worth $91,658,000 after buying an additional 294,337 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Rockwell Automation by 9.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,908,119 shares of the industrial products company’s stock worth $545,474,000 after acquiring an additional 172,577 shares during the last quarter. TimesSquare Capital Management LLC purchased a new stake in Rockwell Automation in the third quarter valued at $38,275,000. Nordea Investment Management AB lifted its stake in shares of Rockwell Automation by 35.6% in the 3rd quarter. Nordea Investment Management AB now owns 484,438 shares of the industrial products company’s stock valued at $139,247,000 after purchasing an additional 127,303 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its position in shares of Rockwell Automation by 1,294.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 127,891 shares of the industrial products company’s stock worth $36,560,000 after purchasing an additional 118,721 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ROK. Citigroup decreased their target price on shares of Rockwell Automation from $322.00 to $316.00 and set a “buy” rating on the stock in a research report on Wednesday. Berenberg Bank reiterated a “hold” rating and issued a $290.00 target price (down previously from $330.00) on shares of Rockwell Automation in a report on Wednesday, March 6th. JPMorgan Chase & Co. restated an “underweight” rating and set a $254.00 price target on shares of Rockwell Automation in a research note on Thursday, March 21st. Robert W. Baird dropped their price objective on Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Barclays decreased their target price on Rockwell Automation from $265.00 to $260.00 and set an “underweight” rating on the stock in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Rockwell Automation presently has a consensus rating of “Hold” and a consensus price target of $307.93.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, CEO Blake D. Moret purchased 3,500 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average cost of $283.64 per share, with a total value of $992,740.00. Following the completion of the acquisition, the chief executive officer now directly owns 77,215 shares of the company’s stock, valued at approximately $21,901,262.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Blake D. Moret purchased 3,500 shares of Rockwell Automation stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average cost of $283.64 per share, with a total value of $992,740.00. Following the completion of the transaction, the chief executive officer now directly owns 77,215 shares in the company, valued at $21,901,262.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Isaac Woods sold 150 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $287.59, for a total value of $43,138.50. Following the transaction, the vice president now directly owns 1,199 shares in the company, valued at approximately $344,820.41. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,240 shares of company stock valued at $4,891,324. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Down 1.1 %

Shares of NYSE:ROK opened at $270.50 on Friday. Rockwell Automation, Inc. has a fifty-two week low of $252.11 and a fifty-two week high of $348.52. The firm’s 50 day moving average price is $281.65 and its 200 day moving average price is $283.04. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 0.76. The stock has a market cap of $31.00 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 2.77 and a beta of 1.43.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.35. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.05 billion. Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. The company’s revenue was down 6.6% on a year-over-year basis. During the same period last year, the business earned $3.01 EPS. As a group, equities research analysts predict that Rockwell Automation, Inc. will post 11.98 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 13th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.85%. Rockwell Automation’s dividend payout ratio is currently 47.57%.

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.