Brown Advisory Inc. raised its stake in Rockwell Automation (NYSE:ROK) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,922 shares of the industrial products company’s stock after acquiring an additional 1,325 shares during the quarter. Brown Advisory Inc.’s holdings in Rockwell Automation were worth $4,502,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. raised its position in shares of Rockwell Automation by 10.2% in the fourth quarter. BlackRock Inc. now owns 9,882,329 shares of the industrial products company’s stock valued at $1,487,092,000 after purchasing an additional 918,161 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Rockwell Automation by 15,107.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,142,955 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 5,109,136 shares during the period. Alecta Pensionsforsakring Omsesidigt raised its position in shares of Rockwell Automation by 14.7% in the third quarter. Alecta Pensionsforsakring Omsesidigt now owns 2,728,265 shares of the industrial products company’s stock valued at $511,632,000 after purchasing an additional 350,000 shares during the period. Franklin Resources Inc. raised its position in shares of Rockwell Automation by 7.5% in the third quarter. Franklin Resources Inc. now owns 1,847,004 shares of the industrial products company’s stock valued at $346,362,000 after purchasing an additional 128,265 shares during the period. Finally, Northern Trust Corp raised its position in shares of Rockwell Automation by 1.2% in the fourth quarter. Northern Trust Corp now owns 1,452,399 shares of the industrial products company’s stock valued at $218,556,000 after purchasing an additional 17,705 shares during the period. 74.84% of the stock is currently owned by institutional investors.

Rockwell Automation stock opened at $179.33 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.93 and a current ratio of 1.21. The company has a market cap of $21.68 billion, a P/E ratio of 22.11, a PEG ratio of 2.23 and a beta of 1.36. Rockwell Automation has a 1-year low of $141.46 and a 1-year high of $198.23.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Tuesday, January 29th. The industrial products company reported $2.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.22. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Rockwell Automation had a net margin of 12.68% and a return on equity of 66.47%. Rockwell Automation’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.96 EPS. Research analysts expect that Rockwell Automation will post 9.04 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Tuesday, February 19th were issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend was Friday, February 15th. Rockwell Automation’s dividend payout ratio (DPR) is presently 47.84%.

In other Rockwell Automation news, SVP Frank C. Kulaszewicz sold 9,231 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $177.70, for a total value of $1,640,348.70. Following the completion of the transaction, the senior vice president now owns 34,893 shares of the company’s stock, valued at approximately $6,200,486.10. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Elik I. Fooks sold 5,100 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $177.80, for a total transaction of $906,780.00. Following the completion of the transaction, the insider now directly owns 15,597 shares of the company’s stock, valued at approximately $2,773,146.60. The disclosure for this sale can be found here. Corporate insiders own 1.43% of the company’s stock.

ROK has been the topic of several research reports. Credit Suisse Group reissued an “underperform” rating and issued a $158.00 price target (down previously from $170.00) on shares of Rockwell Automation in a research report on Thursday, January 3rd. Barclays lowered their price target on shares of Rockwell Automation from $170.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Monday, January 7th. BMO Capital Markets initiated coverage on shares of Rockwell Automation in a research report on Friday, January 18th. They issued an “outperform” rating and a $185.00 price target on the stock. Wolfe Research lowered shares of Rockwell Automation to a “market perform” rating in a research report on Tuesday, January 8th. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Rockwell Automation in a research report on Friday, January 18th. Six research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $172.06.

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About Rockwell Automation

Rockwell Automation, Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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