Western Wealth Management LLC Has $744,000 Stock Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Western Wealth Management LLC reduced its position in Rockwell Automation, Inc. (NYSE:ROK) by 1.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,880 shares of the industrial products company’s stock after selling 43 shares during the period. Western Wealth Management LLC’s holdings in Rockwell Automation were worth $744,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of ROK. Brighton Jones LLC acquired a new stake in shares of Rockwell Automation during the 4th quarter worth about $281,000. Bank Pictet & Cie Europe AG lifted its position in Rockwell Automation by 0.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company’s stock worth $1,199,000 after acquiring an additional 38 shares during the last quarter. Lake Street Advisors Group LLC boosted its holdings in shares of Rockwell Automation by 3.0% during the fourth quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company’s stock worth $386,000 after acquiring an additional 39 shares during the period. Advisor OS LLC acquired a new position in shares of Rockwell Automation in the fourth quarter valued at approximately $230,000. Finally, Nwam LLC grew its position in shares of Rockwell Automation by 189.0% in the fourth quarter. Nwam LLC now owns 3,017 shares of the industrial products company’s stock valued at $862,000 after purchasing an additional 1,973 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Insider Activity at Rockwell Automation

In other news, VP Terry L. Riesterer sold 2,500 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $304.13, for a total transaction of $760,325.00. Following the completion of the transaction, the vice president now directly owns 1,033 shares in the company, valued at $314,166.29. This trade represents a 70.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Isaac Woods sold 297 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $326.31, for a total value of $96,914.07. Following the completion of the sale, the vice president now owns 1,691 shares in the company, valued at $551,790.21. The trade was a 14.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,681 shares of company stock worth $2,382,987 over the last three months. Company insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. BNP Paribas upgraded Rockwell Automation from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 9th. Loop Capital boosted their target price on shares of Rockwell Automation from $280.00 to $290.00 and gave the company a “hold” rating in a research report on Thursday, May 15th. Wells Fargo & Company upped their price target on shares of Rockwell Automation from $265.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. TD Cowen raised shares of Rockwell Automation from a “sell” rating to a “hold” rating and set a $275.00 price objective for the company in a report on Friday, May 9th. Finally, Oppenheimer increased their target price on shares of Rockwell Automation from $258.00 to $304.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $317.79.

Rockwell Automation Stock Performance

NYSE ROK opened at $330.03 on Friday. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $331.27. The stock has a market cap of $37.20 billion, a PE ratio of 41.57, a PEG ratio of 3.78 and a beta of 1.38. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.72 and a current ratio of 1.05. The firm’s fifty day moving average price is $297.84 and its two-hundred day moving average price is $281.84.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.36. Rockwell Automation had a return on equity of 30.16% and a net margin of 11.38%. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter in the prior year, the firm earned $2.50 EPS. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, equities analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 18th will be paid a $1.31 dividend. The ex-dividend date is Monday, August 18th. This represents a $5.24 annualized dividend and a dividend yield of 1.59%. Rockwell Automation’s dividend payout ratio is 65.99%.

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.