Kampmann Melissa S. Decreases Position in Rockwell Automation, Inc. (NYSE:ROK)

Kampmann Melissa S. lessened its holdings in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 10.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,798 shares of the industrial products company's stock after selling 1,430 shares during the period. Rockwell Automation makes up approximately 2.7% of Kampmann Melissa S.'s portfolio, making the stock its 16th largest position. Kampmann Melissa S.'s holdings in Rockwell Automation were worth $3,372,000 as of its most recent SEC filing.

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

Insider Activity

In other Rockwell Automation news, SVP Tessa M. Myers sold 1,231 shares of the firm's stock in a transaction on Friday, February 28th. The stock was 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 of the company's stock, valued at approximately $1,041,819.50. This trade represents a 25.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Isaac Woods sold 895 shares of the company's stock in a transaction on Friday, January 10th. The stock was sold at an average price of $274.72, for a total transaction of $245,874.40. Following the transaction, the vice president now directly owns 1,198 shares in the company, valued at approximately $329,114.56. This trade represents a 42.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,352 shares of company stock valued at $1,246,298 in the last three months. 0.68% of the stock is currently owned by company insiders.

Remove Ads

Rockwell Automation Stock Performance

ROK traded up $9.46 during trading on Monday, hitting $268.25. The stock had a trading volume of 1,286,157 shares, compared to its average volume of 818,521. The firm has a market capitalization of $30.33 billion, a P/E ratio of 33.41, 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 twelve month low of $242.81 and a twelve month high of $308.70. The company's 50-day moving average price is $280.13 and its 200 day moving average price is $278.59.

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

Rockwell Automation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were issued a $1.31 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $5.24 annualized dividend and a dividend yield of 1.95%. Rockwell Automation's dividend payout ratio is currently 65.26%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ROK. BNP Paribas downgraded Rockwell Automation from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 11th. Oppenheimer boosted their target price on Rockwell Automation from $300.00 to $320.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Barclays lowered their price target on Rockwell Automation from $300.00 to $285.00 and set an "equal weight" rating for the company in a report on Monday, March 10th. Stephens upgraded shares of Rockwell Automation from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $275.00 to $350.00 in a research report on Thursday, January 16th. Finally, KeyCorp raised shares of Rockwell Automation from a "sector weight" rating to an "overweight" rating and set a $345.00 target price on the stock in a research report on Monday, December 9th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Rockwell Automation currently has a consensus rating of "Hold" and a consensus price target of $307.68.

About Rockwell Automation

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.