Corient Private Wealth LLC Decreases Position in Rockwell Automation, Inc. (NYSE:ROK)

Corient Private Wealth LLC reduced its position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 10.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,059 shares of the industrial products company's stock after selling 14,947 shares during the quarter. Corient Private Wealth LLC owned 0.11% of Rockwell Automation worth $35,455,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ROK. Prospera Financial Services Inc grew its position in Rockwell Automation by 0.9% in the 3rd quarter. Prospera Financial Services Inc now owns 4,033 shares of the industrial products company's stock valued at $1,083,000 after acquiring an additional 37 shares during the last quarter. Bank Pictet & Cie Europe AG grew its position in shares of Rockwell Automation by 0.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company's stock worth $1,199,000 after buying an additional 38 shares in the last quarter. Lake Street Advisors Group LLC increased its stake in shares of Rockwell Automation by 3.0% during the fourth quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company's stock valued at $386,000 after buying an additional 39 shares during the period. Fortitude Advisory Group L.L.C. raised its holdings in shares of Rockwell Automation by 3.8% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company's stock valued at $309,000 after acquiring an additional 40 shares in the last quarter. Finally, Knuff & Co LLC lifted its stake in Rockwell Automation by 41.0% in the fourth quarter. Knuff & Co LLC now owns 141 shares of the industrial products company's stock worth $40,000 after acquiring an additional 41 shares during the period. Institutional investors own 75.75% of the company's stock.

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Analyst Ratings Changes

ROK has been the topic of a number of research reports. Jefferies Financial Group raised shares of Rockwell Automation from a "hold" rating to a "buy" rating and raised their target price for the company from $290.00 to $350.00 in a research report on Thursday, December 12th. Barclays cut their price objective on shares of Rockwell Automation from $300.00 to $285.00 and set an "equal weight" rating on the stock in a report on Monday, March 10th. HSBC upgraded Rockwell Automation from a "hold" rating to a "buy" rating and set a $355.00 target price for the company in a report on Wednesday, December 11th. Stephens upgraded Rockwell Automation from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $275.00 to $350.00 in a report on Thursday, January 16th. Finally, KeyCorp upgraded Rockwell Automation from a "sector weight" rating to an "overweight" rating and set a $345.00 price objective for the company in a research note on Monday, December 9th. 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's stock. According to data from MarketBeat, Rockwell Automation currently has an average rating of "Hold" and an average price target of $307.68.

Rockwell Automation Stock Performance

NYSE:ROK traded up $0.58 during trading hours on Friday, hitting $258.67. 1,197,309 shares of the company were exchanged, compared to its average volume of 819,707. The company's 50 day moving average price is $280.42 and its 200-day moving average price is $278.41. The stock has a market capitalization of $29.25 billion, a price-to-earnings ratio of 32.21, a PEG ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a 52-week low of $242.81 and a 52-week high of $308.70. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72.

Rockwell Automation (NYSE:ROK - Get Free Report) last released its earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were given a $1.31 dividend. 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 dividend payout ratio is currently 65.26%.

Insider Buying and Selling

In related news, VP Isaac Woods sold 895 shares of the business's stock in a transaction on Friday, January 10th. The shares were 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 in the company, valued at $329,114.56. The trade was a 42.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Tessa M. Myers sold 1,231 shares of the firm's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $285.43, for a total value of $351,364.33. Following the sale, the senior vice president now owns 3,650 shares in the company, valued at $1,041,819.50. This trade represents a 25.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,352 shares of company stock worth $1,246,298. 0.68% of the stock is owned by company insiders.

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.