Telos Capital Management Inc. Purchases 47 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Telos Capital Management Inc. raised its position in Rockwell Automation, Inc. (NYSE:ROK) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,357 shares of the industrial products company’s stock after purchasing an additional 47 shares during the period. Telos Capital Management Inc.’s holdings in Rockwell Automation were worth $6,103,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. State Street Corp increased its position in shares of Rockwell Automation by 0.3% during the third quarter. State Street Corp now owns 4,648,137 shares of the industrial products company’s stock worth $1,247,839,000 after acquiring an additional 11,949 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Rockwell Automation by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,683,202 shares of the industrial products company’s stock worth $717,865,000 after acquiring an additional 14,040 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Rockwell Automation by 33.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company’s stock worth $417,802,000 after acquiring an additional 390,784 shares in the last quarter. Accredited Investors Inc. increased its position in shares of Rockwell Automation by 162,058.5% during the third quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company’s stock worth $318,227,000 after acquiring an additional 1,184,648 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Rockwell Automation by 6.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,811 shares of the industrial products company’s stock worth $303,041,000 after acquiring an additional 67,684 shares in the last quarter. Institutional investors own 75.75% of the company’s stock.

Insider Activity

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ROK. 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. Robert W. Baird increased their target price on shares of Rockwell Automation from $290.00 to $305.00 and gave the stock an “outperform” rating in a report on Tuesday, November 26th. Barclays reduced their target price on shares of Rockwell Automation from $290.00 to $285.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. UBS Group initiated coverage on shares of Rockwell Automation in a report on Wednesday, November 13th. They set a “neutral” rating and a $313.00 target price for the company. Finally, Jefferies Financial Group upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and increased their target price for the stock from $290.00 to $350.00 in a report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Rockwell Automation currently has an average rating of “Hold” and a consensus target price of $304.16.

Rockwell Automation Price Performance

Shares of ROK opened at $268.28 on Friday. The firm has a market capitalization of $30.32 billion, a PE ratio of 32.40, a PEG ratio of 3.00 and a beta of 1.35. The company’s 50-day moving average is $286.79 and its 200-day moving average is $275.05. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $304.29. 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 quarterly earnings data on Thursday, November 7th. The industrial products company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.07. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.06 billion. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. The company’s revenue was down 20.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.64 earnings per share. Equities analysts forecast that Rockwell Automation, Inc. will post 9.32 EPS for the current year.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be given a $1.31 dividend. This represents a $5.24 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Tuesday, February 18th. Rockwell Automation’s payout ratio is presently 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.