Monetta Financial Services Inc. Purchases New Position in Rockwell Automation, Inc. (NYSE:ROK)

Monetta Financial Services Inc. acquired a new position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,800 shares of the industrial products company's stock, valued at approximately $800,000.

Several other hedge funds have also recently made changes to their positions in ROK. Empowered Funds LLC increased its holdings in Rockwell Automation by 14.0% in the third quarter. Empowered Funds LLC now owns 6,938 shares of the industrial products company's stock worth $1,863,000 after purchasing an additional 851 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Rockwell Automation in the 3rd quarter valued at $537,000. Prospera Financial Services Inc lifted its position in shares of 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 acquiring an additional 37 shares during the period. Prospera Private Wealth LLC bought a new position in Rockwell Automation during the third quarter worth $137,000. Finally, Darwin Wealth Management LLC acquired a new stake in Rockwell Automation in the third quarter worth $34,000. 75.75% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Rockwell Automation news, VP Scott Genereux sold 500 shares of the stock in a transaction 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 completion of the transaction, the vice president now directly owns 1,905 shares of the company's stock, valued at approximately $552,716.70. This represents a 20.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tessa M. Myers sold 1,231 shares of the business's 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 completion of the sale, the senior vice president now owns 3,650 shares in the company, valued at approximately $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. Over the last 90 days, insiders sold 4,352 shares of company stock worth $1,246,298. Insiders own 0.68% of the company's stock.

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Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Loop Capital upped their price objective on shares of Rockwell Automation from $260.00 to $280.00 and gave the company a "hold" rating in a report on Tuesday, February 25th. Oppenheimer upped their price target on Rockwell Automation from $300.00 to $320.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. HSBC upgraded Rockwell Automation from a "hold" rating to a "buy" rating and set a $355.00 price target on the stock in a report on Wednesday, December 11th. Morgan Stanley upped their target price on Rockwell Automation from $335.00 to $345.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company increased their target price on Rockwell Automation from $315.00 to $337.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $307.68.

Rockwell Automation Stock Up 1.8 %

NYSE:ROK traded up $4.73 on Tuesday, hitting $272.69. The stock had a trading volume of 1,020,308 shares, compared to its average volume of 818,467. Rockwell Automation, Inc. has a 1 year low of $242.81 and a 1 year high of $308.70. The firm's fifty day simple moving average is $279.98 and its two-hundred day simple moving average is $278.67. 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 has a market cap of $30.83 billion, a P/E ratio of 33.96, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly 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 return on equity of 30.17% and a net margin of 11.38%. Analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were given a dividend of $1.31 per share. The ex-dividend date was Tuesday, February 18th. This represents a $5.24 annualized dividend and a yield of 1.92%. Rockwell Automation's 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.