Fifth Third Wealth Advisors LLC Purchases 80 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Fifth Third Wealth Advisors LLC increased its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 6.5% during the 1st quarter, Holdings Channel reports. The fund owned 1,309 shares of the industrial products company’s stock after buying an additional 80 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Rockwell Automation were worth $338,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Rockwell Automation by 29,844.4% during the 1st quarter. GAMMA Investing LLC now owns 702,794 shares of the industrial products company’s stock worth $181,588,000 after acquiring an additional 700,447 shares during the last quarter. Agate Pass Investment Management LLC boosted its stake in Rockwell Automation by 58.2% during the 1st quarter. Agate Pass Investment Management LLC now owns 4,280 shares of the industrial products company’s stock worth $1,106,000 after acquiring an additional 1,575 shares during the last quarter. Boston Common Asset Management LLC raised its holdings in Rockwell Automation by 51.7% during the 1st quarter. Boston Common Asset Management LLC now owns 27,659 shares of the industrial products company’s stock worth $7,147,000 after buying an additional 9,427 shares during the period. Jacobs & Co. CA raised its holdings in shares of Rockwell Automation by 2.7% in the first quarter. Jacobs & Co. CA now owns 31,315 shares of the industrial products company’s stock valued at $8,091,000 after purchasing an additional 819 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Rockwell Automation by 2.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,031 shares of the industrial products company’s stock valued at $783,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Insider Activity

In other news, VP Terry L. Riesterer sold 2,500 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $304.13, for a total value of $760,325.00. Following the completion of the sale, the vice president now owns 1,033 shares of the company’s stock, valued at approximately $314,166.29. The trade was a 70.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Matheus De A. G. Viera Bulho sold 293 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $257.68, for a total transaction of $75,500.24. Following the completion of the sale, the senior vice president now directly owns 1,922 shares of the company’s stock, valued at approximately $495,260.96. The trade was a 13.23% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,682 shares of company stock valued at $1,410,771. 0.68% of the stock is owned by company insiders.

Rockwell Automation Trading Down 0.1%

ROK stock opened at $316.84 on Wednesday. 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 company has a fifty day moving average price of $266.80 and a two-hundred day moving average price of $277.83. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $319.28. The stock has a market cap of $35.71 billion, a price-to-earnings ratio of 39.46, a price-to-earnings-growth ratio of 3.53 and a beta of 1.38.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.36. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same period in the previous year, the business posted $2.50 earnings per share. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. Equities analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be given a $1.31 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.65%. Rockwell Automation’s payout ratio is presently 65.99%.

Analyst Ratings Changes

ROK has been the topic of a number of recent research reports. TD Cowen upgraded shares of Rockwell Automation from a “sell” rating to a “hold” rating and set a $275.00 price objective on the stock in a report on Friday, May 9th. Morgan Stanley lifted their price objective on shares of Rockwell Automation from $335.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Wells Fargo & Company lifted their price objective on shares of Rockwell Automation from $265.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. The Goldman Sachs Group lifted their price objective on shares of Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a report on Tuesday, February 11th. Finally, Loop Capital lifted their price objective on shares of Rockwell Automation from $280.00 to $290.00 and gave the company a “hold” rating in a report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Rockwell Automation currently has a consensus rating of “Moderate Buy” and a consensus target price of $313.89.

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.