Allworth Financial LP increased its holdings in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 39.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,486 shares of the industrial products company's stock after buying an additional 1,845 shares during the quarter. Allworth Financial LP's holdings in Rockwell Automation were worth $1,874,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Principal Securities Inc. boosted its holdings in shares of Rockwell Automation by 19.5% in the fourth quarter. Principal Securities Inc. now owns 1,117 shares of the industrial products company's stock worth $319,000 after buying an additional 182 shares during the last quarter. TigerOak Management L.L.C. bought a new stake in Rockwell Automation during the 4th quarter worth approximately $552,000. Myriad Asset Management US LP bought a new stake in Rockwell Automation during the 4th quarter worth approximately $1,651,000. Bank Pictet & Cie Europe AG raised its stake in Rockwell Automation by 0.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company's stock worth $1,199,000 after acquiring an additional 38 shares during the period. Finally, Blue Trust Inc. raised its stake in Rockwell Automation by 64.4% during the 4th quarter. Blue Trust Inc. now owns 1,223 shares of the industrial products company's stock worth $350,000 after acquiring an additional 479 shares during the period. Hedge funds and other institutional investors own 75.75% of the company's stock.
Analyst Ratings Changes
Several research firms have recently issued reports on ROK. Stephens upgraded shares of Rockwell Automation from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $275.00 to $350.00 in a research report on Thursday, January 16th. UBS Group began coverage on shares of Rockwell Automation in a research report on Wednesday, November 13th. They set a "neutral" rating and a $313.00 price objective on the stock. HSBC upgraded shares of Rockwell Automation from a "hold" rating to a "buy" rating and set a $355.00 price objective on the stock in a research report on Wednesday, December 11th. Oppenheimer boosted their price target on shares of Rockwell Automation from $300.00 to $320.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Finally, KeyCorp upgraded shares of Rockwell Automation from a "sector weight" rating to an "overweight" rating and set a $345.00 price target on the stock in a research report on Monday, December 9th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Rockwell Automation currently has a consensus rating of "Hold" and an average target price of $308.05.
Get Our Latest Report on Rockwell Automation
Rockwell Automation Trading Down 2.7 %
NYSE ROK traded down $8.23 on Friday, hitting $294.95. 1,113,483 shares of the stock were exchanged, compared to its average volume of 858,529. Rockwell Automation, Inc. has a 52-week low of $242.81 and a 52-week high of $308.70. The stock has a fifty day moving average price of $286.35 and a two-hundred day moving average price of $276.84. The firm has a market capitalization of $33.35 billion, a P/E ratio of 36.73, a P/E/G 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 (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 net margin of 11.38% and a return on equity of 30.17%. Research analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.
Rockwell Automation Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be paid a $1.31 dividend. 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 presently 65.26%.
Insider Buying and Selling
In other Rockwell Automation news, VP Scott Genereux sold 279 shares of the business's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $296.13, for a total value of $82,620.27. Following the completion of the transaction, the vice president now directly owns 2,891 shares in the company, valued at approximately $856,111.83. The trade was a 8.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Blake D. Moret sold 26,700 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $298.63, for a total transaction of $7,973,421.00. Following the completion of the transaction, the chief executive officer now owns 78,115 shares of the company's stock, valued at $23,327,482.45. This represents a 25.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,240 shares of company stock valued at $10,800,555 over the last three months. 0.68% of the stock is owned by company insiders.
Rockwell Automation Profile
(
Free Report)
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.
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