First American Trust FSB Purchases 8,054 Shares of Rockwell Automation, Inc. (NYSE:ROK)

First American Trust FSB raised its stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 50.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,877 shares of the industrial products company's stock after purchasing an additional 8,054 shares during the quarter. First American Trust FSB's holdings in Rockwell Automation were worth $6,824,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. MCF Advisors LLC grew its stake in shares of Rockwell Automation by 95.8% in the fourth quarter. MCF Advisors LLC now owns 2,332 shares of the industrial products company's stock valued at $667,000 after buying an additional 1,141 shares in the last quarter. Ameritas Advisory Services LLC lifted its stake in Rockwell Automation by 99.1% in the fourth quarter. Ameritas Advisory Services LLC now owns 5,187 shares of the industrial products company's stock valued at $1,482,000 after acquiring an additional 2,582 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Rockwell Automation by 6.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 34,209 shares of the industrial products company's stock valued at $9,184,000 after acquiring an additional 1,928 shares during the period. Nordea Investment Management AB increased its stake in shares of Rockwell Automation by 5.9% during the 4th quarter. Nordea Investment Management AB now owns 462,537 shares of the industrial products company's stock worth $132,554,000 after purchasing an additional 25,882 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Rockwell Automation by 7.3% in the 3rd quarter. Wellington Management Group LLP now owns 789 shares of the industrial products company's stock valued at $212,000 after purchasing an additional 54 shares during the period. Institutional investors and hedge funds own 75.75% of the company's stock.

Remove Ads

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Barclays reduced their price target on Rockwell Automation from $285.00 to $280.00 and set an "equal weight" rating for the company in a report on Wednesday. JPMorgan Chase & Co. reduced their target price on Rockwell Automation from $245.00 to $240.00 and set an "underweight" rating for the company in a research note on Wednesday, January 15th. Robert W. Baird increased their price target on Rockwell Automation from $305.00 to $315.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Loop Capital lifted their price objective on shares of Rockwell Automation from $260.00 to $280.00 and gave the stock a "hold" rating in a research report on Tuesday, February 25th. Finally, KeyCorp raised shares of Rockwell Automation from a "sector weight" rating to an "overweight" rating and set a $345.00 price objective on the stock in a research report on Monday, December 9th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, Rockwell Automation has an average rating of "Hold" and an average target price of $307.42.

Insider Activity

In other Rockwell Automation news, VP Terry L. Riesterer sold 850 shares of Rockwell Automation stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total value of $255,178.50. Following the transaction, the vice president now owns 1,633 shares in the company, valued at $490,242.93. The trade was a 34.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Isaac Woods sold 895 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $274.72, for a total transaction of $245,874.40. Following the completion of the transaction, the vice president now directly owns 1,198 shares of the company's stock, valued at $329,114.56. This trade represents a 42.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,352 shares of company stock worth $1,246,298. 0.68% of the stock is currently owned by corporate insiders.

Rockwell Automation Price Performance

Shares of ROK stock traded down $9.86 during trading on Friday, hitting $258.22. The company had a trading volume of 987,837 shares, compared to its average volume of 846,610. The firm has a market capitalization of $29.20 billion, a P/E ratio of 32.16, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $308.70. 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 $278.93 and its 200 day moving average price is $278.76.

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

Rockwell Automation Announces Dividend

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

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.