Peapack Gladstone Financial Corp Sells 1,470 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Peapack Gladstone Financial Corp lessened its holdings in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,839 shares of the industrial products company's stock after selling 1,470 shares during the period. Peapack Gladstone Financial Corp's holdings in Rockwell Automation were worth $13,672,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ROK. West Oak Capital LLC grew its stake in 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 in the last quarter. Bank of Jackson Hole Trust acquired a new stake in shares of Rockwell Automation during the 4th quarter valued at about $34,000. SBI Securities Co. Ltd. acquired a new stake in shares of Rockwell Automation during the 4th quarter valued at about $35,000. Flagship Wealth Advisors LLC bought a new stake in shares of Rockwell Automation in the 4th quarter valued at approximately $38,000. Finally, Knuff & Co LLC increased its holdings in Rockwell Automation by 41.0% in the fourth quarter. Knuff & Co LLC now owns 141 shares of the industrial products company's stock worth $40,000 after buying an additional 41 shares during the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Rockwell Automation Stock Performance

Shares of ROK traded down $1.16 on Friday, reaching $229.01. 1,536,472 shares of the stock traded hands, compared to its average volume of 870,015. The stock's 50-day moving average price is $268.12 and its 200-day moving average price is $276.64. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. The firm has a market cap of $25.89 billion, a price-to-earnings ratio of 28.52, a P/E/G ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $308.70.

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Rockwell Automation (NYSE:ROK - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating 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%. Equities analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be issued a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Monday, May 19th. Rockwell Automation's payout ratio is 65.26%.

Insider Activity

In other news, SVP Tessa M. Myers sold 1,231 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $285.43, for a total transaction of $351,364.33. Following the sale, the senior vice president now owns 3,650 shares in the company, valued at approximately $1,041,819.50. This represents a 25.22 % 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 Matheus De A. G. Viera Bulho sold 293 shares of Rockwell Automation stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $257.68, for a total value of $75,500.24. Following the completion of the transaction, the senior vice president now directly owns 1,922 shares of the company's stock, valued at $495,260.96. This represents a 13.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,750 shares of company stock worth $1,075,923. Company insiders own 0.68% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ROK shares. Oppenheimer lifted their target price on shares of Rockwell Automation from $300.00 to $320.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. lowered their target price on shares of Rockwell Automation from $248.00 to $201.00 and set an "underweight" rating on the stock in a research report on Tuesday. Citigroup boosted their price target on Rockwell Automation from $345.00 to $350.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. BNP Paribas raised Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. Finally, Loop Capital upped their target price on Rockwell Automation from $260.00 to $280.00 and gave the stock a "hold" rating in a research report on Tuesday, February 25th. Three analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Rockwell Automation currently has an average rating of "Hold" and a consensus price target of $300.63.

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.