Rockwell Automation, Inc. (NYSE:ROK) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 380.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 6,399 shares of the industrial products company’s stock after purchasing an additional 5,066 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Rockwell Automation were worth $1,829,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of ROK. Empowered Funds LLC grew its position in Rockwell Automation by 14.0% during the 3rd quarter. Empowered Funds LLC now owns 6,938 shares of the industrial products company’s stock worth $1,863,000 after purchasing an additional 851 shares during the last quarter. Quest Partners LLC purchased a new position in Rockwell Automation during the 3rd quarter worth $537,000. Prospera Financial Services Inc grew its position in Rockwell Automation by 0.9% during the 3rd quarter. Prospera Financial Services Inc now owns 4,033 shares of the industrial products company’s stock worth $1,083,000 after purchasing an additional 37 shares during the last quarter. SouthState Corp grew its position in Rockwell Automation by 6.6% during the 3rd quarter. SouthState Corp now owns 46,684 shares of the industrial products company’s stock worth $12,533,000 after purchasing an additional 2,887 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Rockwell Automation during the 3rd quarter worth $4,966,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Rockwell Automation Stock Performance

Shares of ROK opened at $258.02 on Wednesday. The company has a 50-day moving average of $281.24 and a two-hundred day moving average of $278.68. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The stock has a market cap of $29.18 billion, a P/E ratio of 32.13, a PEG ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a 12-month low of $242.81 and a 12-month high of $308.70.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. As a group, research analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were issued a $1.31 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a yield of 2.03%. Rockwell Automation’s payout ratio is 65.26%.

Insider Activity at Rockwell Automation

In related news, VP Scott Genereux sold 500 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $290.14, for a total value of $145,070.00. Following the completion of the sale, the vice president now directly owns 1,905 shares in the company, valued at approximately $552,716.70. The trade was a 20.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Isaac Woods sold 876 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $284.03, for a total transaction of $248,810.28. Following the completion of the sale, the vice president now owns 1,057 shares of the company’s stock, valued at approximately $300,219.71. The trade was a 45.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,352 shares of company stock worth $1,246,298. 0.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ROK has been the topic of several research reports. The Goldman Sachs Group raised their price objective on shares of Rockwell Automation from $257.00 to $290.00 and gave the stock a “sell” rating in a research report on Tuesday, February 11th. Stephens raised shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $275.00 to $350.00 in a report on Thursday, January 16th. Robert W. Baird raised their price objective on shares of Rockwell Automation from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. HSBC upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price objective for the company in a research note on Wednesday, December 11th. Finally, KeyCorp upgraded shares of Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price objective for the company in a research note on Monday, December 9th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $307.68.

Rockwell Automation Company 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.