Rockwell Automation, Inc. (NYSE:ROK) Shares Acquired by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. increased its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 23.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 5,500 shares of the industrial products company's stock after acquiring an additional 1,052 shares during the period. Avantax Advisory Services Inc.'s holdings in Rockwell Automation were worth $1,572,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ROK. Empowered Funds LLC lifted its position in Rockwell Automation by 14.0% during the 3rd quarter. Empowered Funds LLC now owns 6,938 shares of the industrial products company's stock worth $1,863,000 after acquiring an additional 851 shares in the last quarter. Quest Partners LLC acquired a new position in Rockwell Automation during the 3rd quarter worth approximately $537,000. Prospera Financial Services Inc lifted its position in Rockwell Automation by 0.9% during the 3rd quarter. Prospera Financial Services Inc now owns 4,033 shares of the industrial products company's stock worth $1,083,000 after acquiring an additional 37 shares in the last quarter. SouthState Corp lifted its position in Rockwell Automation by 6.6% during the 3rd quarter. SouthState Corp now owns 46,684 shares of the industrial products company's stock worth $12,533,000 after acquiring an additional 2,887 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Rockwell Automation during the 3rd quarter worth approximately $4,966,000. 75.75% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at Rockwell Automation

In other news, VP Isaac Woods sold 895 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $274.72, for a total value of $245,874.40. Following the completion of the transaction, the vice president now owns 1,198 shares of the company's stock, valued at approximately $329,114.56. This represents a 42.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Scott Genereux sold 500 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $290.14, for a total value of $145,070.00. Following the completion of the transaction, the vice president now directly owns 1,905 shares of the company's stock, valued at approximately $552,716.70. The trade was a 20.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,352 shares of company stock valued at $1,246,298. 0.68% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Robert W. Baird boosted their price target on Rockwell Automation from $305.00 to $315.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Jefferies Financial Group raised Rockwell Automation from a "hold" rating to a "buy" rating and upped their target price for the company from $290.00 to $350.00 in a research report on Thursday, December 12th. BNP Paribas lowered Rockwell Automation from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 11th. Stephens raised Rockwell Automation from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $275.00 to $350.00 in a research report on Thursday, January 16th. Finally, Morgan Stanley upped their target price on Rockwell Automation from $335.00 to $345.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $307.68.

Rockwell Automation Stock Performance

ROK traded up $0.58 during trading on Friday, reaching $258.67. 1,197,349 shares of the company were exchanged, compared to its average volume of 817,976. The stock has a market cap of $29.25 billion, a P/E ratio of 32.21, a PEG ratio of 3.53 and a beta of 1.39. The firm has a 50 day moving average of $280.13 and a 200 day moving average of $278.32. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 52 week low of $242.81 and a 52 week high of $308.70.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 EPS 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, sell-side analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were paid a dividend of $1.31 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a yield of 2.03%. Rockwell Automation's payout ratio is currently 65.26%.

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.