Heron Bay Capital Management Sells 42 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Heron Bay Capital Management lowered its stake in Rockwell Automation, Inc. (NYSE:ROK) by 0.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,749 shares of the industrial products company’s stock after selling 42 shares during the quarter. Rockwell Automation comprises approximately 2.6% of Heron Bay Capital Management’s holdings, making the stock its 14th largest holding. Heron Bay Capital Management’s holdings in Rockwell Automation were worth $12,503,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ROK. West Oak Capital LLC lifted its position in shares of 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 in the last quarter. Bank of Jackson Hole Trust bought a new stake in Rockwell Automation in the 4th quarter worth approximately $34,000. SBI Securities Co. Ltd. purchased a new stake in shares of Rockwell Automation during the 4th quarter worth approximately $35,000. Flagship Wealth Advisors LLC bought a new position in shares of Rockwell Automation during the 4th quarter valued at approximately $38,000. Finally, Knuff & Co LLC boosted its position in shares of Rockwell Automation by 41.0% during the 4th quarter. Knuff & Co LLC now owns 141 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 41 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Analyst Upgrades and Downgrades

ROK has been the topic of a number of recent research reports. Jefferies Financial Group raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and upped their price target for the company from $290.00 to $350.00 in a research note on Thursday, December 12th. Wells Fargo & Company increased their price target on shares of Rockwell Automation from $315.00 to $337.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. BNP Paribas lowered Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Oppenheimer upped their price objective on Rockwell Automation from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Finally, KeyCorp upgraded Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 target price for the company in a report on Monday, December 9th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Rockwell Automation presently has an average rating of “Hold” and an average target price of $307.68.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP Scott Genereux sold 500 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $290.14, for a total transaction of $145,070.00. Following the completion of the sale, the vice president now owns 1,905 shares in the company, valued at $552,716.70. This represents a 20.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Terry L. Riesterer sold 850 shares of Rockwell Automation stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $300.21, for a total value of $255,178.50. Following the completion of the transaction, the vice president now owns 1,633 shares in the company, valued at $490,242.93. This represents a 34.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,352 shares of company stock valued at $1,246,298. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Price Performance

Shares of ROK stock opened at $258.67 on Friday. 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 market capitalization of $29.25 billion, a P/E ratio of 32.21, a P/E/G ratio of 3.53 and a beta of 1.39. The company’s 50-day simple moving average is $280.13 and its two-hundred day simple moving average is $278.43. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $308.70.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. As a group, 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 was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were issued a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Tuesday, February 18th. Rockwell Automation’s payout ratio is 65.26%.

Rockwell Automation 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.