Strategic Financial Concepts LLC Makes New $328,000 Investment in Rockwell Automation, Inc. (NYSE:ROK)

Strategic Financial Concepts LLC purchased a new position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,148 shares of the industrial products company's stock, valued at approximately $328,000.

Several other institutional investors have also added to or reduced their stakes in the business. Prospera Financial Services Inc raised its stake in shares of Rockwell Automation by 0.9% in the third 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. Bank Pictet & Cie Europe AG raised its stake in shares of Rockwell Automation by 0.9% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company's stock worth $1,199,000 after purchasing an additional 38 shares during the last quarter. Fortitude Advisory Group L.L.C. raised its stake in shares of Rockwell Automation by 3.8% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company's stock worth $309,000 after purchasing an additional 40 shares during the last quarter. Great Valley Advisor Group Inc. raised its stake in shares of Rockwell Automation by 2.2% in the third quarter. Great Valley Advisor Group Inc. now owns 1,928 shares of the industrial products company's stock worth $518,000 after purchasing an additional 42 shares during the last quarter. Finally, Richardson Financial Services Inc. raised its stake in shares of Rockwell Automation by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company's stock worth $26,000 after purchasing an additional 48 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Insiders Place Their Bets

In other Rockwell Automation news, VP Scott Genereux sold 279 shares of the business's stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $296.13, for a total transaction of $82,620.27. Following the transaction, the vice president now owns 2,891 shares of the company's stock, valued at approximately $856,111.83. The trade was a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Isaac Woods sold 895 shares of Rockwell Automation stock in a transaction on Friday, January 10th. The shares were sold at an average price of $274.72, for a total value of $245,874.40. Following the completion of the sale, the vice president now owns 1,198 shares in the company, valued at $329,114.56. This represents a 42.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,240 shares of company stock valued at $10,800,555. Insiders own 0.68% of the company's stock.

Rockwell Automation Price Performance

Shares of NYSE:ROK traded down $8.23 during trading on Friday, reaching $294.95. The stock had a trading volume of 1,113,483 shares, compared to its average volume of 858,529. The business has a fifty day moving average price of $286.35 and a 200-day moving average price of $276.84. The stock has a market cap of $33.35 billion, a PE ratio of 36.73, a PEG ratio of 3.49 and a beta of 1.35. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. Rockwell Automation, Inc. has a 1-year low of $242.81 and a 1-year high of $308.70.

Rockwell Automation (NYSE:ROK - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, topping analysts' consensus estimates 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, equities analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Tuesday, February 18th. Rockwell Automation's dividend payout ratio (DPR) is currently 65.26%.

Analyst Ratings Changes

Several research analysts have recently issued reports on ROK shares. Robert W. Baird raised their price objective on Rockwell Automation from $305.00 to $315.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. HSBC upgraded Rockwell Automation from a "hold" rating to a "buy" rating and set a $355.00 price target for the company in a research report on Wednesday, December 11th. The Goldman Sachs Group lifted their price target on Rockwell Automation from $257.00 to $290.00 and gave the company a "sell" rating in a research report on Tuesday, February 11th. Barclays lifted their price target 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, Citigroup lifted their price target on Rockwell Automation from $345.00 to $350.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, Rockwell Automation has a consensus rating of "Hold" and a consensus price target of $308.05.

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.