Tokio Marine Asset Management Co. Ltd. Has $864,000 Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

Tokio Marine Asset Management Co. Ltd. raised its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 2.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,783 shares of the industrial products company’s stock after buying an additional 55 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Rockwell Automation were worth $864,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new stake in shares of Rockwell Automation during the 3rd quarter worth approximately $26,000. Provence Wealth Management Group bought a new position in shares of Rockwell Automation during the 3rd quarter worth approximately $27,000. Bruce G. Allen Investments LLC bought a new position in shares of Rockwell Automation during the 4th quarter worth approximately $27,000. BluePath Capital Management LLC bought a new position in shares of Rockwell Automation during the 3rd quarter worth approximately $29,000. Finally, Fortitude Family Office LLC bought a new position in shares of Rockwell Automation during the 4th quarter worth approximately $46,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. JPMorgan Chase & Co. restated an “underweight” rating and set a $254.00 target price on shares of Rockwell Automation in a research report on Thursday, March 21st. Barclays cut their target price on Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating for the company in a research report on Tuesday, April 2nd. Berenberg Bank reiterated a “hold” rating and issued a $290.00 price objective (down previously from $330.00) on shares of Rockwell Automation in a research report on Wednesday, March 6th. Oppenheimer cut their price objective on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, February 1st. Finally, Mizuho cut their price objective on Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating for the company in a research report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $310.08.

Insider Buying and Selling

In other Rockwell Automation news, VP Isaac Woods sold 150 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $287.59, for a total value of $43,138.50. Following the completion of the transaction, the vice president now directly owns 1,199 shares of the company’s stock, valued at $344,820.41. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Rockwell Automation news, VP Isaac Woods sold 150 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $287.59, for a total value of $43,138.50. Following the completion of the transaction, the vice president now directly owns 1,199 shares of the company’s stock, valued at $344,820.41. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Scott Genereux sold 500 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $290.00, for a total value of $145,000.00. Following the completion of the transaction, the vice president now directly owns 2,383 shares of the company’s stock, valued at $691,070. The disclosure for this sale can be found here. Insiders sold a total of 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 1.2 %

Shares of Rockwell Automation stock opened at $280.17 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 0.76. Rockwell Automation, Inc. has a 12 month low of $252.11 and a 12 month high of $348.52. The business has a fifty day simple moving average of $282.51 and a 200 day simple moving average of $283.77. The stock has a market cap of $32.10 billion, a PE ratio of 26.66, a price-to-earnings-growth ratio of 2.79 and a beta of 1.43.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data 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). Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same period last year, the firm earned $2.46 earnings per share. Research analysts predict that Rockwell Automation, Inc. will post 11.98 EPS for the current year.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be paid a dividend of $1.25 per share. The ex-dividend date is Friday, May 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.78%. Rockwell Automation’s dividend payout ratio (DPR) is presently 47.57%.

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.