Mutual of America Capital Management LLC Has $3.87 Million Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Mutual of America Capital Management LLC lessened its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 3.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,527 shares of the industrial products company’s stock after selling 449 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Rockwell Automation were worth $3,866,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ROK. Ashton Thomas Securities LLC acquired a new position in Rockwell Automation during the third quarter worth approximately $26,000. West Oak Capital LLC increased its position in Rockwell Automation by 455.6% during the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after buying an additional 82 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in Rockwell Automation during the third quarter worth approximately $34,000. Bank of Jackson Hole Trust acquired a new position in Rockwell Automation during the fourth quarter worth approximately $34,000. Finally, Asset Planning Inc acquired a new position in Rockwell Automation during the fourth quarter worth approximately $49,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on ROK shares. UBS Group started coverage on Rockwell Automation in a research report on Wednesday, November 13th. They set a “neutral” rating and a $313.00 price target on the stock. Robert W. Baird upped their target price on Rockwell Automation from $305.00 to $315.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Citigroup upped their target price on Rockwell Automation from $345.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Barclays upped their target price on Rockwell Automation from $285.00 to $300.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. Finally, KeyCorp raised Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 target price on the stock in a research report on Monday, December 9th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Rockwell Automation presently has a consensus rating of “Hold” and a consensus price target of $307.55.

Rockwell Automation Trading Up 2.2 %

Shares of ROK stock opened at $273.79 on Thursday. The stock has a 50 day simple moving average of $284.98 and a 200 day simple moving average of $278.70. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 1 year low of $242.81 and a 1 year high of $308.70. The stock has a market cap of $30.96 billion, a P/E ratio of 34.10, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39.

Rockwell Automation (NYSE:ROK) last released its earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, topping 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, research analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Tuesday, February 18th. Rockwell Automation’s payout ratio is presently 65.26%.

Insiders Place Their Bets

In other news, CEO Blake D. Moret sold 1,121 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $302.01, for a total transaction of $338,553.21. Following the completion of the transaction, the chief executive officer now directly owns 81,754 shares in the company, valued at approximately $24,690,525.54. This represents a 1.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Scott Genereux sold 500 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $290.14, for a total transaction of $145,070.00. Following the transaction, the vice president now owns 1,905 shares of the company’s stock, valued at $552,716.70. This trade represents a 20.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,823 shares of company stock worth $1,690,564 over the last three months. Insiders own 0.68% of the company’s stock.

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.