V Square Quantitative Management LLC Buys 533 Shares of Rockwell Automation, Inc. (NYSE:ROK)

V Square Quantitative Management LLC boosted its stake in Rockwell Automation, Inc. (NYSE:ROK) by 20.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,087 shares of the industrial products company’s stock after purchasing an additional 533 shares during the period. V Square Quantitative Management LLC’s holdings in Rockwell Automation were worth $850,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pathway Financial Advisers LLC bought a new stake in Rockwell Automation in the 1st quarter valued at $26,000. Riverview Trust Co bought a new position in Rockwell Automation in the 1st quarter worth about $28,000. Bfsg LLC bought a new position in Rockwell Automation in the first quarter worth approximately $29,000. ESL Trust Services LLC purchased a new position in Rockwell Automation during the 1st quarter worth $29,000. Finally, Security National Bank bought a new stake in Rockwell Automation during the 4th quarter valued at $40,000. 75.75% of the stock is owned by institutional investors.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, SVP Tessa M. Myers sold 528 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $253.78, for a total value of $133,995.84. Following the completion of the transaction, the senior vice president now directly owns 3,718 shares of the company’s stock, valued at $943,554.04. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, VP John M. Miller sold 467 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $273.27, for a total transaction of $127,617.09. Following the completion of the transaction, the vice president now owns 4,800 shares of the company’s stock, valued at $1,311,696. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tessa M. Myers sold 528 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $253.78, for a total value of $133,995.84. Following the sale, the senior vice president now owns 3,718 shares of the company’s stock, valued at $943,554.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,199 shares of company stock worth $572,750. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Price Performance

Shares of ROK stock traded up $0.86 during trading hours on Wednesday, hitting $261.11. 252,864 shares of the company’s stock were exchanged, compared to its average volume of 959,397. The firm has a market cap of $29.77 billion, a P/E ratio of 25.52, a P/E/G ratio of 4.71 and a beta of 1.37. The firm has a 50 day moving average of $265.33 and a two-hundred day moving average of $273.09. The company has a quick ratio of 0.74, a current ratio of 1.11 and a debt-to-equity ratio of 0.69. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $317.74.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.63. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Rockwell Automation had a return on equity of 34.83% and a net margin of 13.19%. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.01 earnings per share. Sell-side analysts forecast that Rockwell Automation, Inc. will post 10.07 EPS for the current year.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.91%. The ex-dividend date is Monday, August 12th. Rockwell Automation’s dividend payout ratio is presently 48.88%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Bank of America cut their price target on Rockwell Automation from $300.00 to $270.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Loop Capital dropped their target price on Rockwell Automation from $300.00 to $290.00 and set a “hold” rating on the stock in a research report on Tuesday, May 14th. Citigroup lowered their target price on shares of Rockwell Automation from $322.00 to $316.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Mizuho cut their price objective on shares of Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Finally, Oppenheimer lowered their target price on shares of Rockwell Automation from $295.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, Rockwell Automation has an average rating of “Hold” and an average target price of $280.14.

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.