Cerity Partners LLC Increases Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

Cerity Partners LLC lifted its stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,974 shares of the industrial products company's stock after acquiring an additional 1,348 shares during the period. Cerity Partners LLC's holdings in Rockwell Automation were worth $9,048,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. West Oak Capital LLC boosted its holdings in shares of Rockwell Automation by 455.6% in the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company's stock worth $29,000 after purchasing an additional 82 shares in the last quarter. Bank of Jackson Hole Trust bought a new position in Rockwell Automation during the fourth quarter valued at approximately $34,000. SBI Securities Co. Ltd. bought a new stake in shares of Rockwell Automation in the 4th quarter worth approximately $35,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Rockwell Automation in the 4th quarter valued at $38,000. Finally, Knuff & Co LLC grew its holdings in shares of Rockwell Automation by 41.0% during the 4th quarter. Knuff & Co LLC now owns 141 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company's stock.

Rockwell Automation Price Performance

Shares of ROK traded down $0.70 during trading hours on Tuesday, hitting $232.72. 500,116 shares of the stock were exchanged, compared to its average volume of 868,607. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $308.70. The company has a market cap of $26.31 billion, a price-to-earnings ratio of 28.98, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. The stock's 50-day moving average price is $267.39 and its two-hundred day moving average price is $276.41.

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Rockwell Automation (NYSE:ROK - Get Free Report) last posted its earnings results 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 return on equity of 30.17% and a net margin of 11.38%. Research analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be given a dividend of $1.31 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $5.24 annualized dividend and a dividend yield of 2.25%. Rockwell Automation's dividend payout ratio (DPR) is currently 65.26%.

Insider Buying and Selling

In other news, SVP Matheus De A. G. Viera Bulho sold 293 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $257.68, for a total value of $75,500.24. Following the completion of the sale, the senior vice president now directly owns 1,922 shares of the company's stock, valued at approximately $495,260.96. The trade was a 13.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Scott Genereux sold 500 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $290.14, for a total transaction of $145,070.00. Following the transaction, the vice president now directly owns 1,905 shares in the company, valued at $552,716.70. The trade was a 20.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,750 shares of company stock worth $1,075,923. Corporate insiders own 0.68% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on ROK. Citigroup cut their price target on shares of Rockwell Automation from $350.00 to $283.00 and set a "buy" rating for the company in a research report on Monday. The Goldman Sachs Group increased their target price on Rockwell Automation from $257.00 to $290.00 and gave the company a "sell" rating in a report on Tuesday, February 11th. Stephens upgraded Rockwell Automation from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $275.00 to $350.00 in a research report on Thursday, January 16th. KeyCorp dropped their price objective on Rockwell Automation from $345.00 to $275.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Loop Capital upped their price target on shares of Rockwell Automation from $260.00 to $280.00 and gave the company a "hold" rating in a report on Tuesday, February 25th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $297.11.

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.