Stonegate Investment Group LLC Has $519,000 Stock Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Stonegate Investment Group LLC trimmed its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 33.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,817 shares of the industrial products company’s stock after selling 911 shares during the period. Stonegate Investment Group LLC’s holdings in Rockwell Automation were worth $519,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Prospera Financial Services Inc lifted its holdings in shares of Rockwell Automation by 0.9% during the third quarter. Prospera Financial Services Inc now owns 4,033 shares of the industrial products company’s stock valued at $1,083,000 after acquiring an additional 37 shares during the period. Fortitude Advisory Group L.L.C. increased its stake in shares of Rockwell Automation by 3.8% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company’s stock valued at $309,000 after buying an additional 40 shares in the last quarter. Great Valley Advisor Group Inc. increased its position in Rockwell Automation by 2.2% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,928 shares of the industrial products company’s stock valued at $518,000 after acquiring an additional 42 shares in the last quarter. Richardson Financial Services Inc. raised its stake in shares of Rockwell Automation by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 48 shares during the last quarter. Finally, Moran Wealth Management LLC lifted its position in shares of Rockwell Automation by 2.1% during the third quarter. Moran Wealth Management LLC now owns 2,342 shares of the industrial products company’s stock worth $629,000 after purchasing an additional 48 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Buying and Selling at Rockwell Automation

In related news, SVP Veena M. Lakkundi sold 579 shares of Rockwell Automation stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $266.86, for a total value of $154,511.94. Following the sale, the senior vice president now owns 4,576 shares of the company’s stock, valued at approximately $1,221,151.36. This trade represents a 11.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Blake D. Moret sold 26,700 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $298.63, for a total value of $7,973,421.00. Following the transaction, the chief executive officer now directly owns 78,115 shares of the company’s stock, valued at approximately $23,327,482.45. This trade represents a 25.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,436 shares of company stock valued at $10,832,549 in the last 90 days. 0.68% of the stock is currently owned by company insiders.

Rockwell Automation Trading Down 0.7 %

NYSE:ROK opened at $282.27 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.08 and a quick ratio of 0.72. The business’s 50-day simple moving average is $288.52 and its 200-day simple moving average is $275.32. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $307.71. The stock has a market capitalization of $31.90 billion, a PE ratio of 34.09, a price-to-earnings-growth ratio of 3.11 and a beta of 1.36.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Thursday, November 7th. The industrial products company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.07. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the previous year, the firm posted $3.64 earnings per share. The business’s revenue was down 20.6% on a year-over-year basis. Sell-side analysts expect that Rockwell Automation, Inc. will post 9.32 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th were issued a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Monday, November 18th. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.25. Rockwell Automation’s dividend payout ratio is 63.29%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ROK shares. Morgan Stanley raised their price target on shares of Rockwell Automation from $320.00 to $335.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Wells Fargo & Company boosted their target price on Rockwell Automation from $293.00 to $305.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Robert W. Baird raised their price target on Rockwell Automation from $290.00 to $305.00 and gave the company an “outperform” rating in a report on Tuesday, November 26th. UBS Group started coverage on Rockwell Automation in a report on Wednesday, November 13th. They set a “neutral” rating and a $313.00 price objective for the company. Finally, Oppenheimer raised their target price on shares of Rockwell Automation from $288.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Rockwell Automation currently has a consensus rating of “Hold” and an average price target of $304.16.

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.