Telos Capital Management Inc. Has $7.64 Million Stake in Rockwell Automation, Inc. (NYSE:ROK)

Telos Capital Management Inc. raised its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,608 shares of the industrial products company’s stock after purchasing an additional 1,373 shares during the period. Telos Capital Management Inc.’s holdings in Rockwell Automation were worth $7,640,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Markel Corp boosted its holdings in shares of Rockwell Automation by 1.3% during the 1st quarter. Markel Corp now owns 152,900 shares of the industrial products company’s stock valued at $42,816,000 after acquiring an additional 2,000 shares in the last quarter. Sei Investments Co. increased its stake in shares of Rockwell Automation by 10.3% in the first quarter. Sei Investments Co. now owns 57,480 shares of the industrial products company’s stock valued at $16,221,000 after buying an additional 5,386 shares during the period. Prudential PLC bought a new position in Rockwell Automation in the 1st quarter valued at approximately $642,000. Sequoia Financial Advisors LLC boosted its position in Rockwell Automation by 3.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,649 shares of the industrial products company’s stock worth $1,021,000 after buying an additional 107 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Rockwell Automation by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 11,472,877 shares of the industrial products company’s stock worth $3,212,750,000 after acquiring an additional 106,641 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Wells Fargo & Company cut their target price on shares of Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating on the stock in a research note on Thursday, February 1st. Citigroup decreased their target price on shares of Rockwell Automation from $330.00 to $322.00 and set a “buy” rating for the company in a research report on Monday, April 8th. UBS Group upgraded Rockwell Automation from a “neutral” rating to a “buy” rating and raised their price objective for the company from $305.00 to $360.00 in a research note on Wednesday, January 3rd. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $254.00 target price on shares of Rockwell Automation in a report on Thursday, March 21st. Finally, Barclays reduced their price objective on Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating for the company in a research note on Tuesday, April 2nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Rockwell Automation currently has a consensus rating of “Hold” and a consensus target price of $310.08.

Insiders Place Their Bets

In other Rockwell Automation news, CEO Blake D. Moret purchased 3,500 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average cost of $283.64 per share, with a total value of $992,740.00. Following the acquisition, the chief executive officer now owns 77,215 shares in the company, valued at $21,901,262.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Nicholas C. Gangestad sold 1,989 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $288.17, for a total value of $573,170.13. Following the sale, the chief financial officer now directly owns 12,217 shares in the company, valued at $3,520,572.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Blake D. Moret purchased 3,500 shares of the business’s stock in a transaction on Monday, February 12th. The shares were purchased at an average price of $283.64 per share, with a total value of $992,740.00. Following the acquisition, the chief executive officer now directly owns 77,215 shares in the company, valued at $21,901,262.60. The disclosure for this purchase can be found here. In the last quarter, insiders sold 17,877 shares of company stock worth $5,058,772. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Down 0.7 %

ROK traded down $1.87 during trading on Wednesday, hitting $279.52. 482,280 shares of the company’s stock traded hands, compared to its average volume of 1,028,993. The stock has a market capitalization of $32.03 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 2.87 and a beta of 1.43. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. Rockwell Automation, Inc. has a 12-month low of $252.11 and a 12-month high of $348.52. The company’s 50 day simple moving average is $283.05 and its two-hundred day simple moving average is $284.38.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.58). The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. During the same quarter last year, the business earned $2.46 earnings per share. Analysts predict that Rockwell Automation, Inc. will post 12.03 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 13th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.79%. The ex-dividend date is Friday, May 10th. Rockwell Automation’s dividend payout ratio is currently 47.57%.

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.