Bar Harbor Wealth Management Acquires 31,591 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Bar Harbor Wealth Management increased its stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 2,229.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,008 shares of the industrial products company's stock after buying an additional 31,591 shares during the period. Bar Harbor Wealth Management's holdings in Rockwell Automation were worth $9,433,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Accredited Investors Inc. raised its position in shares of Rockwell Automation by 162,058.5% during the 3rd quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company's stock valued at $318,227,000 after acquiring an additional 1,184,648 shares in the last quarter. International Assets Investment Management LLC increased its stake in Rockwell Automation by 29,591.7% during the third quarter. International Assets Investment Management LLC now owns 936,178 shares of the industrial products company's stock valued at $251,326,000 after purchasing an additional 933,025 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Rockwell Automation by 33.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company's stock worth $417,802,000 after purchasing an additional 390,784 shares during the period. Electron Capital Partners LLC lifted its position in shares of Rockwell Automation by 484.5% in the 2nd quarter. Electron Capital Partners LLC now owns 412,371 shares of the industrial products company's stock worth $104,779,000 after buying an additional 341,814 shares during the last quarter. Finally, Interval Partners LP boosted its holdings in shares of Rockwell Automation by 479,608.6% in the 2nd quarter. Interval Partners LP now owns 335,656 shares of the industrial products company's stock valued at $92,399,000 after buying an additional 335,726 shares during the period. 75.75% of the stock is owned by institutional investors and hedge funds.

Rockwell Automation Price Performance

Shares of NYSE:ROK traded up $2.32 during trading hours on Monday, hitting $275.72. 655,972 shares of the company's stock traded hands, compared to its average volume of 603,810. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 1.08. The company's fifty day simple moving average is $287.71 and its two-hundred day simple moving average is $274.03. Rockwell Automation, Inc. has a 52 week low of $242.81 and a 52 week high of $307.71. The company has a market cap of $31.17 billion, a price-to-earnings ratio of 33.30, a price-to-earnings-growth ratio of 3.12 and a beta of 1.36.

Rockwell Automation (NYSE:ROK - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.07. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.06 billion. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. The firm's quarterly revenue was down 20.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.64 earnings per share. As a group, equities analysts anticipate that Rockwell Automation, Inc. will post 9.37 EPS for the current fiscal year.

Rockwell Automation Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were given a $1.31 dividend. This is an increase from Rockwell Automation's previous quarterly dividend of $1.25. This represents a $5.24 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Monday, November 18th. Rockwell Automation's dividend payout ratio (DPR) is 63.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ROK shares. KeyCorp upgraded shares of Rockwell Automation from a "sector weight" rating to an "overweight" rating and set a $345.00 price objective on the stock in a research note on Monday, December 9th. UBS Group began coverage on Rockwell Automation in a research report on Wednesday, November 13th. They set a "neutral" rating and a $313.00 price target on the stock. Robert W. Baird boosted their price objective on Rockwell Automation from $290.00 to $305.00 and gave the company an "outperform" rating in a research report on Tuesday, November 26th. Morgan Stanley increased their target price on Rockwell Automation from $320.00 to $335.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Finally, Bank of America boosted their price target on shares of Rockwell Automation from $270.00 to $285.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $300.89.

Insider Buying and Selling at Rockwell Automation

In related news, VP John M. Miller sold 467 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $284.07, for a total value of $132,660.69. Following the transaction, the vice president now directly owns 4,800 shares of the company's stock, valued at approximately $1,363,536. This trade represents a 8.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Veena M. Lakkundi sold 579 shares of the company's stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $266.86, for a total value of $154,511.94. Following the sale, the senior vice president now directly owns 4,576 shares of the company's stock, valued at $1,221,151.36. The trade was a 11.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,436 shares of company stock valued at $10,832,549 in the last three months. 0.68% of the stock is currently owned by company insiders.

Rockwell Automation Profile

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.