Peregrine Asset Advisers Inc. Sells 174 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Peregrine Asset Advisers Inc. reduced its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 18.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 750 shares of the industrial products company’s stock after selling 174 shares during the quarter. Peregrine Asset Advisers Inc.’s holdings in Rockwell Automation were worth $233,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in shares of Rockwell Automation by 33,600.1% in the 4th quarter. International Assets Investment Management LLC now owns 295,213 shares of the industrial products company’s stock valued at $91,658,000 after purchasing an additional 294,337 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Rockwell Automation by 9.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,908,119 shares of the industrial products company’s stock valued at $545,474,000 after buying an additional 172,577 shares in the last quarter. TimesSquare Capital Management LLC bought a new position in Rockwell Automation in the third quarter valued at about $38,275,000. Nordea Investment Management AB raised its stake in Rockwell Automation by 35.6% during the third quarter. Nordea Investment Management AB now owns 484,438 shares of the industrial products company’s stock worth $139,247,000 after acquiring an additional 127,303 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of Rockwell Automation by 1,294.7% in the third quarter. Qube Research & Technologies Ltd now owns 127,891 shares of the industrial products company’s stock worth $36,560,000 after acquiring an additional 118,721 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Trading Up 1.3 %

Shares of NYSE:ROK traded up $3.44 during trading on Monday, reaching $277.50. The stock had a trading volume of 995,526 shares, compared to its average volume of 1,004,148. Rockwell Automation, Inc. has a 52 week low of $252.11 and a 52 week high of $348.52. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.25. The firm’s fifty day moving average is $282.08 and its 200 day moving average is $283.07. The stock has a market cap of $31.80 billion, a price-to-earnings ratio of 26.40, a P/E/G ratio of 2.77 and a beta of 1.43.

Rockwell Automation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 13th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Friday, May 10th. Rockwell Automation’s dividend payout ratio is 47.57%.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, CEO Blake D. Moret bought 3,500 shares of the stock in a transaction on Monday, February 12th. The stock was acquired at an average cost of $283.64 per share, for a total transaction of $992,740.00. Following the completion of the acquisition, the chief executive officer now owns 77,215 shares in the company, valued at approximately $21,901,262.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Blake D. Moret purchased 3,500 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was purchased at an average cost of $283.64 per share, with a total value of $992,740.00. Following the completion of the purchase, the chief executive officer now owns 77,215 shares in the company, valued at approximately $21,901,262.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Robert L. Buttermore sold 201 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $277.50, for a total transaction of $55,777.50. Following the transaction, the senior vice president now directly owns 2,311 shares in the company, valued at approximately $641,302.50. The disclosure for this sale can be found here. Insiders have sold a total of 17,240 shares of company stock worth $4,891,324 in the last 90 days. Corporate insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ROK shares. Mizuho lowered their price objective on shares of Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating for the company in a research report on Thursday, February 1st. Barclays dropped their price target on Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating for the company in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. restated an “underweight” rating and set a $254.00 price objective on shares of Rockwell Automation in a research report on Thursday, March 21st. Wells Fargo & Company dropped their target price on Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating for the company in a research report on Thursday, February 1st. Finally, Oppenheimer cut their price target on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $310.08.

About Rockwell Automation

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.