2,083 Shares in Rockwell Automation, Inc. (NYSE:ROK) Bought by Catalytic Wealth RIA LLC

Catalytic Wealth RIA LLC purchased a new stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,083 shares of the industrial products company's stock, valued at approximately $559,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ROK. Pathway Financial Advisers LLC acquired a new position in shares of Rockwell Automation during the 1st quarter worth approximately $26,000. Ashton Thomas Securities LLC purchased a new position in shares of Rockwell Automation in the 3rd quarter worth approximately $26,000. Richardson Financial Services Inc. raised its holdings in Rockwell Automation by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 48 shares during the last quarter. ESL Trust Services LLC acquired a new stake in Rockwell Automation during the 1st quarter worth $29,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Rockwell Automation during the 2nd quarter worth $36,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ROK shares. Oppenheimer lifted their price target on shares of Rockwell Automation from $288.00 to $300.00 and gave the company an "outperform" rating in a report on Friday. JPMorgan Chase & Co. reduced their price target on Rockwell Automation from $245.00 to $227.00 and set an "underweight" rating on the stock in a report on Monday, August 12th. Mizuho boosted their price target on shares of Rockwell Automation from $245.00 to $270.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Bank of America increased their price objective on shares of Rockwell Automation from $270.00 to $285.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Finally, Barclays lifted their price objective on shares of Rockwell Automation from $245.00 to $255.00 and gave the stock an "underweight" rating in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $284.21.

Insider Buying and Selling at Rockwell Automation

In other news, SVP Veena M. Lakkundi sold 579 shares of Rockwell Automation stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $266.86, for a total transaction of $154,511.94. Following the sale, the senior vice president now owns 4,576 shares of the company's stock, valued at approximately $1,221,151.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.68% of the company's stock.

Rockwell Automation Price Performance

Rockwell Automation stock traded up $0.06 during mid-day trading on Tuesday, hitting $277.88. 1,038,290 shares of the company were exchanged, compared to its average volume of 880,018. Rockwell Automation, Inc. has a 1-year low of $242.81 and a 1-year high of $312.76. The company has a quick ratio of 0.68, a current ratio of 1.84 and a debt-to-equity ratio of 0.70. The business has a fifty day moving average of $267.03 and a 200 day moving average of $266.57. The company has a market capitalization of $31.53 billion, a PE ratio of 33.55, a price-to-earnings-growth ratio of 4.74 and a beta of 1.36.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The industrial products company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.07. The firm had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $2.06 billion. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. The company's revenue was down 20.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.64 EPS. As a group, sell-side analysts expect that Rockwell Automation, Inc. will post 9.56 earnings per share for the current year.

Rockwell Automation Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 18th will be given a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Monday, November 18th. This is a boost from Rockwell Automation's previous quarterly dividend of $1.25. Rockwell Automation's payout ratio is currently 60.39%.

Rockwell Automation announced that its board has authorized a share buyback program on Thursday, September 5th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the industrial products company to repurchase up to 3.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

Rockwell Automation Company 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.