Buckhead Capital Management LLC Has $4.51 Million Stock Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Buckhead Capital Management LLC boosted its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 14.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,781 shares of the industrial products company's stock after acquiring an additional 1,965 shares during the period. Buckhead Capital Management LLC's holdings in Rockwell Automation were worth $4,510,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ROK. Gladstone Institutional Advisory LLC raised its position in shares of Rockwell Automation by 33.2% in the third quarter. Gladstone Institutional Advisory LLC now owns 1,377 shares of the industrial products company's stock valued at $370,000 after buying an additional 343 shares during the last quarter. MCF Advisors LLC grew its stake in Rockwell Automation by 95.8% during the fourth quarter. MCF Advisors LLC now owns 2,332 shares of the industrial products company's stock worth $667,000 after buying an additional 1,141 shares during the period. Ameritas Advisory Services LLC grew its stake in Rockwell Automation by 99.1% during the fourth quarter. Ameritas Advisory Services LLC now owns 5,187 shares of the industrial products company's stock worth $1,482,000 after buying an additional 2,582 shares during the period. GSA Capital Partners LLP purchased a new stake in Rockwell Automation during the third quarter worth approximately $912,000. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Rockwell Automation by 6.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 34,209 shares of the industrial products company's stock worth $9,184,000 after purchasing an additional 1,928 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. KeyCorp raised 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 report on Monday, December 9th. The Goldman Sachs Group increased their target price on shares of Rockwell Automation from $257.00 to $290.00 and gave the company a "sell" rating in a research report on Tuesday. Mizuho increased their target price on shares of Rockwell Automation from $245.00 to $270.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. decreased their target price on shares of Rockwell Automation from $245.00 to $240.00 and set an "underweight" rating for the company in a research report on Wednesday, January 15th. Finally, HSBC upgraded shares of Rockwell Automation from a "hold" rating to a "buy" rating and set a $355.00 target price for the company in a research report on Wednesday, December 11th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $308.05.

Insider Buying and Selling

In related news, VP Isaac Woods sold 895 shares of the firm's 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 directly owns 1,198 shares of the company's stock, valued at $329,114.56. This trade represents a 42.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John M. Miller sold 467 shares of Rockwell Automation stock in a transaction on Monday, November 18th. The shares were 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. The trade was a 8.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,707 shares of company stock valued at $10,933,215 over the last ninety days. 0.68% of the stock is owned by company insiders.

Rockwell Automation Stock Performance

Shares of Rockwell Automation stock traded down $3.85 during midday trading on Friday, hitting $294.81. The company had a trading volume of 881,936 shares, compared to its average volume of 859,068. The business's 50 day simple moving average is $286.26 and its two-hundred day simple moving average is $275.81. The stock has a market cap of $33.32 billion, a PE ratio of 35.61, a P/E/G ratio of 2.89 and a beta of 1.35. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.08 and a quick ratio of 0.72. 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 announced its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.22. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. As a group, equities analysts predict that Rockwell Automation, Inc. will post 9.32 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be given a $1.31 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $5.24 annualized dividend and a yield of 1.78%. Rockwell Automation's dividend payout ratio (DPR) is currently 63.29%.

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.