abrdn plc Has $31.60 Million Holdings in Rockwell Automation, Inc. (NYSE:ROK)

abrdn plc grew its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 28.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,777 shares of the industrial products company’s stock after acquiring an additional 22,757 shares during the quarter. abrdn plc owned about 0.09% of Rockwell Automation worth $31,600,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Bruce G. Allen Investments LLC acquired a new position in Rockwell Automation during the fourth quarter worth $27,000. OFI Invest Asset Management acquired a new stake in shares of Rockwell Automation in the 3rd quarter worth about $26,000. Provence Wealth Management Group bought a new position in Rockwell Automation in the 3rd quarter valued at about $27,000. BluePath Capital Management LLC acquired a new position in Rockwell Automation during the 3rd quarter valued at about $29,000. Finally, Fortitude Family Office LLC bought a new stake in Rockwell Automation during the 4th quarter worth approximately $46,000. 75.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on ROK shares. Wells Fargo & Company cut their target price on Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating on the stock in a research report on Thursday, February 1st. Citigroup cut their price objective on shares of Rockwell Automation from $330.00 to $322.00 and set a “buy” rating on the stock in a report on Monday, April 8th. Oppenheimer lowered their target price on shares of Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. Barclays reduced their price objective on shares of Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating for the company in a research report on Tuesday, April 2nd. Finally, Berenberg Bank reissued a “hold” rating and set a $290.00 target price (down previously from $330.00) on shares of Rockwell Automation in a research report on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $310.08.

Insider Transactions at Rockwell Automation

In related news, CFO Nicholas C. Gangestad sold 1,989 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $288.17, for a total transaction of $573,170.13. Following the sale, the chief financial officer now owns 12,217 shares of the company’s stock, valued at approximately $3,520,572.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Nicholas C. Gangestad sold 1,989 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $288.17, for a total transaction of $573,170.13. Following the sale, the chief financial officer now directly owns 12,217 shares in the company, valued at $3,520,572.89. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Scott Genereux sold 500 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $290.00, for a total transaction of $145,000.00. Following the completion of the transaction, the vice president now owns 2,383 shares of the company’s stock, valued at $691,070. The disclosure for this sale can be found here. Insiders sold 17,877 shares of company stock valued at $5,058,772 over the last three months. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Up 1.3 %

Shares of NYSE ROK opened at $273.58 on Tuesday. The business’s fifty day moving average price is $282.72 and its 200-day moving average price is $284.05. Rockwell Automation, Inc. has a one year low of $252.11 and a one year high of $348.52. The stock has a market capitalization of $31.35 billion, a PE ratio of 26.03, a P/E/G ratio of 2.72 and a beta of 1.43. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.25 and a quick ratio of 0.80.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.58). Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the prior year, the business earned $2.46 EPS. On average, equities research analysts anticipate that Rockwell Automation, Inc. will post 11.98 EPS for the current year.

Rockwell Automation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders 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 1.83%. Rockwell Automation’s dividend payout ratio is currently 47.57%.

Rockwell Automation Profile

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.