Rockwell Automation, Inc. (NYSE:ROK) Shares Bought by L. Roy Papp & Associates LLP

L. Roy Papp & Associates LLP lifted its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,006 shares of the industrial products company’s stock after purchasing an additional 608 shares during the quarter. L. Roy Papp & Associates LLP’s holdings in Rockwell Automation were worth $5,146,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of ROK. Prospera Financial Services Inc grew its position in Rockwell Automation by 0.9% in the 3rd quarter. Prospera Financial Services Inc now owns 4,033 shares of the industrial products company’s stock valued at $1,083,000 after buying an additional 37 shares in the last quarter. Fortitude Advisory Group L.L.C. boosted its holdings 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 acquiring an additional 40 shares in the last quarter. Great Valley Advisor Group Inc. increased its stake in shares of Rockwell Automation by 2.2% during the third 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 during the period. Richardson Financial Services Inc. raised 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 purchasing an additional 48 shares in the last quarter. Finally, Moran Wealth Management LLC lifted its position in Rockwell Automation by 2.1% in 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 during the period. 75.75% of the stock is owned by institutional investors and hedge funds.

Rockwell Automation Price Performance

ROK opened at $303.99 on Wednesday. Rockwell Automation, Inc. has a 12-month low of $242.81 and a 12-month high of $308.70. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $34.36 billion, a P/E ratio of 36.71, a PEG ratio of 2.89 and a beta of 1.35. The stock has a fifty day moving average of $285.82 and a 200-day moving average of $275.28.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping 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%. Equities analysts forecast that Rockwell Automation, Inc. will post 9.32 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

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

Analyst Upgrades and Downgrades

ROK has been the topic of several research analyst reports. Bank of America lifted their price target on Rockwell Automation from $270.00 to $285.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. The Goldman Sachs Group lifted their target price on Rockwell Automation from $257.00 to $290.00 and gave the stock a “sell” rating in a report on Tuesday. UBS Group started coverage on shares of Rockwell Automation in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $313.00 price target on the stock. Robert W. Baird raised their price objective on shares of Rockwell Automation from $305.00 to $315.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Wells Fargo & Company boosted their target price on shares of Rockwell Automation from $315.00 to $337.00 and gave the stock an “overweight” rating in a report on Tuesday. Three research 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $307.55.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP John M. Miller sold 467 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $284.07, for a total value of $132,660.69. Following the transaction, the vice president now 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Blake D. Moret sold 26,700 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 78,115 shares in the company, valued at approximately $23,327,482.45. The trade was a 25.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,857 shares of company stock worth $10,678,037. 0.68% of the stock is currently owned by company insiders.

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.