4,654 Shares in Rockwell Automation, Inc. (NYSE:ROK) Acquired by Crowley Wealth Management Inc.

Crowley Wealth Management Inc. bought a new stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,654 shares of the industrial products company's stock, valued at approximately $1,330,000. Rockwell Automation comprises approximately 1.2% of Crowley Wealth Management Inc.'s portfolio, making the stock its 22nd largest position.

Several other institutional investors also recently bought and sold shares of ROK. Whittier Trust Co. raised its stake in shares of Rockwell Automation by 1.9% during the fourth quarter. Whittier Trust Co. now owns 1,896 shares of the industrial products company's stock valued at $542,000 after acquiring an additional 35 shares during the last quarter. Prospera Financial Services Inc increased its holdings in Rockwell Automation by 0.9% during 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 purchasing an additional 37 shares during the period. Bank Pictet & Cie Europe AG raised its position in 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 valued at $1,199,000 after purchasing an additional 38 shares during the last quarter. Lake Street Advisors Group LLC raised its position in Rockwell Automation by 3.0% during the 4th quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company's stock valued at $386,000 after purchasing an additional 39 shares during the last quarter. Finally, Fortitude Advisory Group L.L.C. lifted its holdings in Rockwell Automation by 3.8% in the 4th quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company's stock worth $309,000 after buying an additional 40 shares during the period. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of brokerages recently commented on ROK. The Goldman Sachs Group upped 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. KeyCorp upgraded shares of Rockwell Automation from a "sector weight" rating to an "overweight" rating and set a $345.00 price objective for the company in a report on Monday, December 9th. Robert W. Baird lifted their target price on shares of Rockwell Automation from $305.00 to $315.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Morgan Stanley increased their price target on shares of Rockwell Automation from $335.00 to $345.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Finally, Loop Capital raised their price objective on shares of Rockwell Automation from $260.00 to $280.00 and gave the stock a "hold" rating in a report on Tuesday, February 25th. Three research 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 MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $307.42.

Rockwell Automation Stock Down 0.3 %

Rockwell Automation stock traded down $0.78 during mid-day trading on Thursday, reaching $268.50. The stock had a trading volume of 1,025,053 shares, compared to its average volume of 821,732. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $308.70. The company has a 50-day moving average price of $279.51 and a two-hundred day moving average price of $278.65. The company has a market capitalization of $30.36 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 3.53 and a beta of 1.39. 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 issued 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 net margin of 11.38% and a return on equity of 30.17%. On average, analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were issued a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Tuesday, February 18th. Rockwell Automation's payout ratio is currently 65.26%.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, VP Isaac Woods sold 895 shares of Rockwell Automation stock in a transaction that occurred 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 sale, the vice president now owns 1,198 shares of the company's stock, valued at approximately $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 accessible through this hyperlink. Also, SVP Tessa M. Myers sold 1,231 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $285.43, for a total value of $351,364.33. Following the transaction, the senior vice president now directly owns 3,650 shares in the company, valued at $1,041,819.50. The trade was a 25.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,352 shares of company stock valued at $1,246,298 over the last ninety days. Insiders own 0.68% of the company's stock.

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.