Apollon Wealth Management LLC Purchases 535 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Apollon Wealth Management LLC grew its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 17.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,613 shares of the industrial products company’s stock after acquiring an additional 535 shares during the quarter. Apollon Wealth Management LLC’s holdings in Rockwell Automation were worth $1,032,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of ROK. Ashton Thomas Securities LLC bought a new stake in Rockwell Automation during the third quarter worth $26,000. Richardson Financial Services Inc. grew its holdings in Rockwell Automation by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock worth $26,000 after buying an additional 48 shares in the last quarter. West Oak Capital LLC grew its holdings in Rockwell Automation by 455.6% during 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. Darwin Wealth Management LLC purchased a new position in Rockwell Automation in the third quarter worth $34,000. Finally, Heck Capital Advisors LLC purchased a new position in Rockwell Automation in the fourth quarter worth $57,000. Institutional investors own 75.75% of the company’s stock.

Analyst Ratings Changes

ROK has been the topic of several research analyst reports. Wells Fargo & Company boosted their price objective on Rockwell Automation from $315.00 to $337.00 and gave the stock an “overweight” rating in a research report on Tuesday. JPMorgan Chase & Co. dropped their price target on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 15th. Mizuho upped their price target on Rockwell Automation from $245.00 to $270.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Citigroup upped their price target on Rockwell Automation from $345.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Bank of America boosted their price objective on Rockwell Automation from $270.00 to $285.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $307.55.

Insider Activity at Rockwell Automation

In related news, VP John M. Miller sold 467 shares of Rockwell Automation stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $284.07, for a total transaction of $132,660.69. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Blake D. Moret sold 26,700 shares of Rockwell Automation stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $298.63, for a total value of $7,973,421.00. Following the sale, the chief executive officer now owns 78,115 shares in the company, valued at $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 sold 35,857 shares of company stock worth $10,678,037 in the last ninety days. 0.68% of the stock is owned by company insiders.

Rockwell Automation Price Performance

Shares of Rockwell Automation stock opened at $303.99 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $34.36 billion, a PE ratio of 36.71, a price-to-earnings-growth ratio of 2.89 and a beta of 1.35. The business’s 50-day moving average price is $285.82 and its 200-day moving average price is $275.28. Rockwell Automation, Inc. has a 12 month low of $242.81 and a 12 month high of $308.70.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data 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 return on equity of 30.42% and a net margin of 11.53%. Sell-side analysts forecast that Rockwell Automation, Inc. will post 9.32 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be issued a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a yield of 1.72%. The ex-dividend date is Tuesday, February 18th. Rockwell Automation’s dividend payout ratio is presently 65.26%.

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.