Mitsubishi UFJ Trust & Banking Corp Has $20.27 Million Position in Rockwell Automation, Inc. (NYSE:ROK)

Mitsubishi UFJ Trust & Banking Corp reduced its position in Rockwell Automation, Inc. (NYSE:ROKFree Report) by 4.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 70,898 shares of the industrial products company’s stock after selling 3,445 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.06% of Rockwell Automation worth $20,268,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. OFI Invest Asset Management bought a new stake in shares of Rockwell Automation during the third quarter valued at about $26,000. Delta Asset Management LLC TN purchased a new position in shares of Rockwell Automation during the second quarter worth about $34,000. BluePath Capital Management LLC purchased a new position in shares of Rockwell Automation during the third quarter worth about $29,000. Clear Street Markets LLC purchased a new position in shares of Rockwell Automation during the fourth quarter worth about $30,000. Finally, First Manhattan Co. grew its holdings in shares of Rockwell Automation by 150.0% during the fourth quarter. First Manhattan Co. now owns 125 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 75 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ROK shares. UBS Group raised Rockwell Automation from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $305.00 to $360.00 in a report on Wednesday, January 3rd. Citigroup cut their price objective on Rockwell Automation from $351.00 to $330.00 and set a “buy” rating for the company in a report on Thursday, February 1st. Wells Fargo & Company cut their target price on Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating for the company in a research note on Thursday, February 1st. JPMorgan Chase & Co. cut their target price on Rockwell Automation from $262.00 to $230.00 and set an “underweight” rating for the company in a research note on Friday, February 2nd. Finally, Stephens reaffirmed an “equal weight” rating and issued a $350.00 target price on shares of Rockwell Automation in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $307.92.

Check Out Our Latest Research Report on ROK

Rockwell Automation Price Performance

Shares of Rockwell Automation stock opened at $283.50 on Monday. 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 company has a market cap of $32.49 billion, a PE ratio of 26.97, a P/E/G ratio of 2.62 and a beta of 1.42. The business has a 50 day moving average of $295.26 and a 200 day moving average of $289.65. Rockwell Automation, Inc. has a 52 week low of $252.11 and a 52 week high of $348.52.

Rockwell Automation (NYSE:ROKGet Free Report) last announced its earnings results on Wednesday, January 31st. The industrial products company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.58). The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.08 billion. Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. During the same quarter in the prior year, the company earned $2.46 EPS. As a group, equities research analysts forecast that Rockwell Automation, Inc. will post 12.42 earnings per share for the current year.

Rockwell Automation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Tuesday, February 20th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $5.00 dividend on an annualized basis and a yield of 1.76%. Rockwell Automation’s dividend payout ratio (DPR) is 47.57%.

Insiders Place Their Bets

In other Rockwell Automation news, VP Scott Genereux sold 500 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $280.00, for a total value of $140,000.00. Following the completion of the transaction, the vice president now owns 2,376 shares in the company, valued at $665,280. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, VP Brian A. Shepherd sold 637 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $262.87, for a total value of $167,448.19. Following the sale, the vice president now directly owns 5,088 shares of the company’s stock, valued at $1,337,482.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Scott Genereux sold 500 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $280.00, for a total value of $140,000.00. Following the completion of the sale, the vice president now directly owns 2,376 shares in the company, valued at $665,280. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,386 shares of company stock worth $2,892,850. 0.68% of the stock is owned by corporate insiders.

About Rockwell Automation

(Free Report)

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.

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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