Knuff & Co LLC Has $40,000 Stock Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Knuff & Co LLC boosted its stake in Rockwell Automation, Inc. (NYSE:ROK) by 41.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 141 shares of the industrial products company’s stock after purchasing an additional 41 shares during the quarter. Knuff & Co LLC’s holdings in Rockwell Automation were worth $40,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ROK. Accredited Investors Inc. grew its holdings in Rockwell Automation by 162,058.5% in the third quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company’s stock worth $318,227,000 after purchasing an additional 1,184,648 shares during the period. Amundi grew its holdings in Rockwell Automation by 26.2% in the fourth quarter. Amundi now owns 2,073,594 shares of the industrial products company’s stock worth $580,095,000 after purchasing an additional 430,498 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Rockwell Automation by 33.5% in 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 purchasing an additional 390,784 shares during the period. Proficio Capital Partners LLC acquired a new stake in Rockwell Automation in the fourth quarter worth $56,887,000. Finally, Raymond James Financial Inc. acquired a new stake in Rockwell Automation in the fourth quarter worth $32,532,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ROK. Stephens upgraded shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $275.00 to $350.00 in a report on Thursday, January 16th. UBS Group began coverage on shares of Rockwell Automation in a report on Wednesday, November 13th. They set a “neutral” rating and a $313.00 price objective for the company. KeyCorp upgraded shares of Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price objective for the company in a report on Monday, December 9th. Robert W. Baird lifted their price objective on shares of Rockwell Automation from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating for the company in a report on Wednesday, January 15th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $307.68.

Insider Activity

In other news, VP Isaac Woods sold 895 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $274.72, for a total value of $245,874.40. Following the sale, the vice president now owns 1,198 shares of the company’s stock, valued at $329,114.56. The trade was a 42.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Tessa M. Myers sold 1,231 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $285.43, for a total transaction of $351,364.33. Following the completion of the sale, the senior vice president now directly owns 3,650 shares in the company, valued at approximately $1,041,819.50. This trade represents a 25.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,352 shares of company stock valued at $1,246,298 over the last quarter. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Performance

Shares of ROK stock opened at $265.53 on Wednesday. The firm has a market cap of $30.02 billion, a price-to-earnings ratio of 33.07, a P/E/G ratio of 3.53 and a beta of 1.39. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. Rockwell Automation, Inc. has a 52 week low of $242.81 and a 52 week high of $308.70. The firm’s 50-day simple moving average is $283.55 and its two-hundred day simple moving average is $278.93.

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, topping the consensus estimate of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. As a group, equities analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were given a $1.31 dividend. This represents a $5.24 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Tuesday, February 18th. Rockwell Automation’s dividend payout ratio (DPR) is currently 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.