RWA Wealth Partners LLC Takes Position in Rockwell Automation, Inc. (NYSE:ROK)

RWA Wealth Partners LLC bought a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,191 shares of the industrial products company’s stock, valued at approximately $680,000.

A number of other large investors have also recently made changes to their positions in the stock. IFP Advisors Inc raised its holdings in shares of Rockwell Automation by 17.8% in the third quarter. IFP Advisors Inc now owns 1,255 shares of the industrial products company’s stock valued at $359,000 after acquiring an additional 190 shares in the last quarter. Capital Investment Advisors LLC raised its holdings in shares of Rockwell Automation by 12.2% in the third quarter. Capital Investment Advisors LLC now owns 1,955 shares of the industrial products company’s stock worth $559,000 after acquiring an additional 213 shares during the last quarter. Meridian Wealth Management LLC raised its holdings in shares of Rockwell Automation by 242.0% in the third quarter. Meridian Wealth Management LLC now owns 3,704 shares of the industrial products company’s stock worth $1,059,000 after acquiring an additional 2,621 shares during the last quarter. Caprock Group LLC increased its stake in Rockwell Automation by 3.9% in the third quarter. Caprock Group LLC now owns 3,012 shares of the industrial products company’s stock valued at $861,000 after purchasing an additional 113 shares during the last quarter. Finally, Capital Asset Advisory Services LLC increased its stake in Rockwell Automation by 89.2% in the third quarter. Capital Asset Advisory Services LLC now owns 2,566 shares of the industrial products company’s stock valued at $770,000 after purchasing an additional 1,210 shares during the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Rockwell Automation news, VP Scott Genereux sold 500 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $290.00, for a total transaction of $145,000.00. Following the completion of the transaction, the vice president now owns 2,383 shares in the company, valued at approximately $691,070. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Nicholas C. Gangestad sold 1,989 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $288.17, for a total transaction of $573,170.13. Following the completion of the transaction, the chief financial officer now directly owns 12,217 shares in the company, valued at approximately $3,520,572.89. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Scott Genereux sold 500 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $290.00, for a total transaction of $145,000.00. Following the transaction, the vice president now owns 2,383 shares of the company’s stock, valued at $691,070. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,877 shares of company stock worth $5,058,772. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ROK shares. Berenberg Bank restated a “hold” rating and issued a $290.00 price objective (down from $330.00) on shares of Rockwell Automation in a report on Wednesday, March 6th. Mizuho lowered their price target on Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating on the stock in a research report on Thursday, February 1st. Oppenheimer decreased their target price on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. Citigroup reduced their price objective on Rockwell Automation from $330.00 to $322.00 and set a “buy” rating for the company in a research report on Monday, April 8th. Finally, UBS Group raised Rockwell Automation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $305.00 to $360.00 in a research report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $310.08.

Rockwell Automation Price Performance

ROK opened at $275.56 on Thursday. The company has a quick ratio of 0.80, a current ratio of 1.25 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 has a fifty day simple moving average of $282.59 and a 200 day simple moving average of $283.89. The stock has a market cap of $31.58 billion, a P/E ratio of 26.22, a P/E/G ratio of 2.79 and a beta of 1.43.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.58). Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the prior year, the company earned $2.46 EPS. On average, research analysts expect that Rockwell Automation, Inc. will post 11.98 EPS for the current year.

Rockwell Automation Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Friday, May 10th. Rockwell Automation’s dividend payout ratio (DPR) is presently 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.