Evoke Wealth LLC Buys 3,606 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Evoke Wealth LLC increased its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 157.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 5,896 shares of the industrial products company's stock after purchasing an additional 3,606 shares during the period. Evoke Wealth LLC's holdings in Rockwell Automation were worth $1,685,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. West Oak Capital LLC raised its position in shares of Rockwell Automation by 455.6% in the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 82 shares during the period. Darwin Wealth Management LLC bought a new position in Rockwell Automation in the 3rd quarter valued at about $34,000. Bank of Jackson Hole Trust bought a new position in Rockwell Automation in the 4th quarter valued at about $34,000. SBI Securities Co. Ltd. acquired a new stake in Rockwell Automation during the fourth quarter worth approximately $35,000. Finally, Flagship Wealth Advisors LLC bought a new stake in shares of Rockwell Automation during the fourth quarter worth approximately $38,000. Institutional investors and hedge funds own 75.75% of the company's stock.

Rockwell Automation Price Performance

Shares of Rockwell Automation stock traded up $0.58 during trading on Friday, reaching $258.67. 1,197,349 shares of the company's stock were exchanged, compared to its average volume of 816,644. The firm's 50-day moving average price is $280.13 and its 200 day moving average price is $278.43. The company has a market cap of $29.25 billion, a P/E ratio of 32.21, a PEG 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. Rockwell Automation, Inc. has a 1-year low of $242.81 and a 1-year high of $308.70.

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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 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. As a group, research analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were paid a dividend of $1.31 per share. The ex-dividend date was Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.03%. Rockwell Automation's payout ratio is presently 65.26%.

Insider Transactions at Rockwell Automation

In other news, VP Isaac Woods sold 895 shares of the company's stock in a transaction that occurred on Friday, January 10th. The stock was 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 owns 1,198 shares of the company's stock, valued at $329,114.56. This represents a 42.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Scott Genereux sold 500 shares of Rockwell Automation stock in a transaction that occurred 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 sale, the vice president now owns 1,905 shares in the company, valued at approximately $552,716.70. This represents a 20.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,352 shares of company stock worth $1,246,298. Corporate insiders own 0.68% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Robert W. Baird lifted their price target on Rockwell Automation from $305.00 to $315.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. BNP Paribas downgraded Rockwell Automation from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 11th. Barclays reduced their target price on shares of Rockwell Automation from $300.00 to $285.00 and set an "equal weight" rating for the company in a research report on Monday, March 10th. Citigroup raised their price target on shares of Rockwell Automation from $345.00 to $350.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Finally, HSBC raised shares of Rockwell Automation from a "hold" rating to a "buy" rating and set a $355.00 price objective for the company in a report on Wednesday, December 11th. 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $307.68.

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.