Coldstream Capital Management Inc. Has $846,000 Stake in Rockwell Automation, Inc. (NYSE:ROK)

Coldstream Capital Management Inc. boosted its stake in Rockwell Automation, Inc. (NYSE:ROK) by 2.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,142 shares of the industrial products company’s stock after purchasing an additional 89 shares during the period. Coldstream Capital Management Inc.’s holdings in Rockwell Automation were worth $846,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ROK. Prospera Financial Services Inc grew its holdings in Rockwell Automation by 0.9% during the 3rd quarter. Prospera Financial Services Inc now owns 4,033 shares of the industrial products company’s stock worth $1,083,000 after acquiring an additional 37 shares during the period. Pure Financial Advisors LLC grew its holdings in Rockwell Automation by 2.7% during the 2nd quarter. Pure Financial Advisors LLC now owns 1,613 shares of the industrial products company’s stock worth $444,000 after acquiring an additional 42 shares during the period. Great Valley Advisor Group Inc. grew its holdings in Rockwell Automation by 2.2% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,928 shares of the industrial products company’s stock worth $518,000 after acquiring an additional 42 shares during the period. Concurrent Investment Advisors LLC grew its holdings in Rockwell Automation by 4.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 990 shares of the industrial products company’s stock worth $272,000 after acquiring an additional 44 shares during the period. Finally, 9258 Wealth Management LLC grew its holdings in Rockwell Automation by 3.1% during the 2nd quarter. 9258 Wealth Management LLC now owns 1,501 shares of the industrial products company’s stock worth $413,000 after acquiring an additional 45 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Rockwell Automation

In other news, VP John M. Miller sold 467 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $284.07, for a total transaction of $132,660.69. Following the completion of the transaction, the vice president now directly owns 4,800 shares in the company, valued at $1,363,536. The trade was a 8.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Scott Genereux sold 279 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $296.13, for a total transaction of $82,620.27. Following the transaction, the vice president now owns 2,891 shares of the company’s stock, valued at $856,111.83. This trade represents a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,541 shares of company stock worth $10,586,674. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Price Performance

Rockwell Automation stock opened at $302.92 on Friday. Rockwell Automation, Inc. has a 52 week low of $242.81 and a 52 week high of $312.76. The company’s 50 day moving average price is $279.47 and its two-hundred day moving average price is $269.50. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.70. The stock has a market cap of $34.20 billion, a P/E ratio of 36.58, a P/E/G ratio of 3.11 and a beta of 1.36.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Thursday, November 7th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.07. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the business posted $3.64 EPS. Rockwell Automation’s quarterly revenue was down 20.6% compared to the same quarter last year. On average, equities analysts predict that Rockwell Automation, Inc. will post 9.38 earnings per share for the current year.

Rockwell Automation announced that its board has initiated a share repurchase program on Thursday, September 5th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the industrial products company to purchase up to 3.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Rockwell Automation Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were paid a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a yield of 1.73%. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Monday, November 18th. Rockwell Automation’s payout ratio is currently 63.29%.

Analyst Ratings Changes

A number of analysts have weighed in on ROK shares. Oppenheimer increased their price target on Rockwell Automation from $288.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. HSBC raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price objective on the stock in a research report on Wednesday. Bank of America increased their price objective on shares of Rockwell Automation from $270.00 to $285.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Mizuho increased their price objective on shares of Rockwell Automation from $245.00 to $270.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, Morgan Stanley increased their price objective on shares of Rockwell Automation from $320.00 to $335.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $301.17.

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.