Rockwell Automation, Inc. (NYSE:ROK) Shares Acquired by RWA Wealth Partners LLC

RWA Wealth Partners LLC increased its position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 45.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,322 shares of the industrial products company's stock after purchasing an additional 1,033 shares during the period. RWA Wealth Partners LLC's holdings in Rockwell Automation were worth $949,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ROK. Schroder Investment Management Group lifted its stake in Rockwell Automation by 14.9% in the 4th quarter. Schroder Investment Management Group now owns 14,478 shares of the industrial products company's stock valued at $4,135,000 after buying an additional 1,872 shares in the last quarter. L & S Advisors Inc acquired a new position in shares of Rockwell Automation in the fourth quarter worth $7,067,000. Allianz SE purchased a new stake in shares of Rockwell Automation in the fourth quarter valued at $1,638,000. Allstate Corp purchased a new stake in Rockwell Automation during the 4th quarter worth about $978,000. Finally, DnB Asset Management AS boosted its stake in shares of Rockwell Automation by 56.2% during the 4th quarter. DnB Asset Management AS now owns 48,200 shares of the industrial products company's stock worth $13,775,000 after purchasing an additional 17,336 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Rockwell Automation Stock Down 5.2 %

NYSE:ROK traded down $12.41 on Friday, reaching $226.75. The stock had a trading volume of 871,422 shares, compared to its average volume of 850,626. The company has a 50-day moving average of $276.11 and a 200 day moving average of $278.48. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The stock has a market cap of $25.64 billion, a P/E ratio of 28.15, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a 12-month low of $218.78 and a 12-month high of $308.70.

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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, beating 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%. On average, research analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be paid a $1.31 dividend. The ex-dividend date is Monday, May 19th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.31%. Rockwell Automation's dividend payout ratio (DPR) is presently 65.26%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. BNP Paribas lowered Rockwell Automation from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 11th. Morgan Stanley boosted their price objective on shares of Rockwell Automation from $335.00 to $345.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Wells Fargo & Company lifted their target price on Rockwell Automation from $315.00 to $337.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. The Goldman Sachs Group upped their price target on Rockwell Automation from $257.00 to $290.00 and gave the stock a "sell" rating in a research note on Tuesday, February 11th. Finally, Citigroup lifted their price objective on Rockwell Automation from $345.00 to $350.00 and gave the company a "buy" rating in a research note on Tuesday, February 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 stock currently has a consensus rating of "Hold" and an average price target of $307.42.

Insider Activity at Rockwell Automation

In related news, VP Isaac Woods sold 895 shares of the business's stock in a transaction dated 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 sale, the vice president now directly owns 1,198 shares of the company's stock, valued at $329,114.56. The trade was a 42.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Tessa M. Myers sold 1,231 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 3,650 shares in the company, valued at approximately $1,041,819.50. This represents a 25.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,352 shares of company stock valued at $1,246,298 over the last ninety days. Corporate insiders own 0.68% of the company's stock.

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.