Envestnet Asset Management Inc. Raises Position in Rockwell Automation, Inc. (NYSE:ROK)

Envestnet Asset Management Inc. raised its stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 180.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 191,139 shares of the industrial products company's stock after acquiring an additional 122,890 shares during the quarter. Envestnet Asset Management Inc. owned about 0.17% of Rockwell Automation worth $54,626,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. West Oak Capital LLC increased its stake in Rockwell Automation by 455.6% during the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company's stock worth $29,000 after acquiring an additional 82 shares during the period. Bank of Jackson Hole Trust acquired a new stake in shares of Rockwell Automation during the 4th quarter worth approximately $34,000. SBI Securities Co. Ltd. bought a new stake in Rockwell Automation during the fourth quarter worth $35,000. Flagship Wealth Advisors LLC acquired a new stake in Rockwell Automation in the fourth quarter valued at about $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. 75.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ROK. Barclays lowered their price objective on Rockwell Automation from $280.00 to $260.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Oppenheimer boosted their price objective on Rockwell Automation from $300.00 to $320.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. KeyCorp dropped their target price on Rockwell Automation from $345.00 to $275.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Stephens upgraded Rockwell Automation from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $275.00 to $350.00 in a research note on Thursday, January 16th. Finally, Robert W. Baird upped their target price on shares of Rockwell Automation from $305.00 to $315.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $297.11.

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Rockwell Automation Trading Up 0.3 %

NYSE:ROK traded up $0.77 during trading hours on Tuesday, reaching $234.19. The company's stock had a trading volume of 260,971 shares, compared to its average volume of 867,618. The firm has a market capitalization of $26.48 billion, a price-to-earnings ratio of 29.18, a PEG ratio of 3.53 and a beta of 1.39. The firm has a 50-day simple moving average of $267.39 and a 200-day simple moving average of $276.41. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $308.70.

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, 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%. Research analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be paid a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Monday, May 19th. Rockwell Automation's payout ratio is currently 65.26%.

Insider Activity

In other news, SVP Matheus De A. G. Viera Bulho sold 293 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $257.68, for a total value of $75,500.24. Following the transaction, the senior vice president now owns 1,922 shares in the company, valued at $495,260.96. This represents a 13.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Terry L. Riesterer sold 850 shares of the company's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total value of $255,178.50. Following the completion of the sale, the vice president now owns 1,633 shares of the company's stock, valued at $490,242.93. This trade represents a 34.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,750 shares of company stock worth $1,075,923 over the last three months. 0.68% of the stock is currently owned by corporate insiders.

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.