1,729 Shares in Rockwell Automation, Inc. (NYSE:ROK) Acquired by Sovran Advisors LLC

Sovran Advisors LLC acquired a new position in Rockwell Automation, Inc. (NYSE:ROK) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,729 shares of the industrial products company’s stock, valued at approximately $479,000.

Other hedge funds have also recently bought and sold shares of the company. Richardson Financial Services Inc. grew its stake in shares of Rockwell Automation by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 48 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Rockwell Automation during the third quarter valued at approximately $26,000. West Oak Capital LLC increased its position in Rockwell Automation by 455.6% in the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after buying an additional 82 shares during the period. Darwin Wealth Management LLC bought a new stake in Rockwell Automation in the 3rd quarter valued at about $34,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Rockwell Automation during the fourth quarter valued at approximately $57,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Insider Transactions at Rockwell Automation

In related news, VP Scott Genereux sold 278 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $302.04, for a total transaction of $83,967.12. Following the completion of the transaction, the vice president now owns 3,184 shares in the company, valued at approximately $961,695.36. The trade was a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Blake D. Moret sold 26,700 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $298.63, for a total transaction of $7,973,421.00. Following the completion of the sale, the chief executive officer now directly owns 78,115 shares of the company’s stock, valued at $23,327,482.45. The trade was a 25.47 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,857 shares of company stock worth $10,678,037. 0.68% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ROK shares. Barclays upped their price objective on Rockwell Automation from $285.00 to $300.00 and gave the company an “equal weight” rating in a report on Tuesday. Mizuho increased their price objective on Rockwell Automation from $245.00 to $270.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. The Goldman Sachs Group raised their price objective on shares of Rockwell Automation from $257.00 to $290.00 and gave the stock a “sell” rating in a report on Tuesday. JPMorgan Chase & Co. reduced their target price on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a report on Wednesday, January 15th. Finally, UBS Group initiated coverage on Rockwell Automation in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $313.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $308.05.

Rockwell Automation Trading Down 0.6 %

ROK opened at $302.01 on Thursday. The firm has a 50 day simple moving average of $286.07 and a 200 day simple moving average of $275.47. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $308.70. The company has a market cap of $34.14 billion, a price-to-earnings ratio of 36.47, a price-to-earnings-growth ratio of 2.89 and a beta of 1.35. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.08 and a quick ratio of 0.72.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.61 by $0.22. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. On average, sell-side analysts anticipate that Rockwell Automation, Inc. will post 9.32 earnings per share for the current year.

Rockwell Automation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Tuesday, February 18th. Rockwell Automation’s dividend payout ratio (DPR) is currently 63.29%.

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.