RWA Wealth Partners LLC Buys New Position in Rockwell Automation, Inc. (NYSE:ROK)

RWA Wealth Partners LLC bought a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,191 shares of the industrial products company’s stock, valued at approximately $680,000.

Several other large investors have also bought and sold shares of the company. Valeo Financial Advisors LLC boosted its stake in Rockwell Automation by 1.9% during the fourth quarter. Valeo Financial Advisors LLC now owns 1,915 shares of the industrial products company’s stock valued at $595,000 after buying an additional 35 shares in the last quarter. Bison Wealth LLC lifted its holdings in shares of Rockwell Automation by 3.3% during the fourth quarter. Bison Wealth LLC now owns 1,168 shares of the industrial products company’s stock valued at $363,000 after purchasing an additional 37 shares during the last quarter. Cohen Lawrence B lifted its holdings in shares of Rockwell Automation by 0.5% during the third quarter. Cohen Lawrence B now owns 8,319 shares of the industrial products company’s stock valued at $2,378,000 after purchasing an additional 38 shares during the last quarter. Raleigh Capital Management Inc. lifted its holdings in shares of Rockwell Automation by 24.2% during the third quarter. Raleigh Capital Management Inc. now owns 195 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 38 shares during the last quarter. Finally, Cottage Street Advisors LLC lifted its holdings in shares of Rockwell Automation by 3.8% during the fourth quarter. Cottage Street Advisors LLC now owns 1,038 shares of the industrial products company’s stock valued at $319,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Analysts Set New Price Targets

ROK has been the subject of several analyst reports. Wells Fargo & Company reduced their target price on Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating for the company in a report on Thursday, February 1st. Barclays reduced their price objective on Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating for the company in a research note on Tuesday, April 2nd. Citigroup reduced their price objective on Rockwell Automation from $330.00 to $322.00 and set a “buy” rating for the company in a research note on Monday, April 8th. Berenberg Bank reissued a “hold” rating and issued a $290.00 price objective (down from $330.00) on shares of Rockwell Automation in a research note on Wednesday, March 6th. Finally, Mizuho reduced their price objective on Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating for the company in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $310.08.

Insider Buying and Selling

In related news, VP Scott Genereux sold 500 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $290.00, for a total transaction of $145,000.00. Following the completion of the transaction, the vice president now owns 2,383 shares in the company, valued at approximately $691,070. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Rockwell Automation news, VP Scott Genereux sold 500 shares of Rockwell Automation stock in a transaction on Monday, March 4th. The stock was sold at an average price of $290.00, for a total value of $145,000.00. Following the completion of the transaction, the vice president now owns 2,383 shares in the company, valued at approximately $691,070. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Brian A. Shepherd sold 637 shares of Rockwell Automation stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $262.87, for a total value of $167,448.19. Following the completion of the transaction, the vice president now owns 5,088 shares of the company’s stock, valued at approximately $1,337,482.56. The disclosure for this sale can be found here. Insiders sold 17,877 shares of company stock worth $5,058,772 in the last 90 days. 0.68% of the stock is owned by company insiders.

Rockwell Automation Stock Performance

ROK opened at $275.56 on Thursday. The stock’s 50 day moving average price is $282.59 and its two-hundred day moving average price is $283.89. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 0.76. Rockwell Automation, Inc. has a 12-month low of $252.11 and a 12-month high of $348.52. The firm has a market capitalization of $31.58 billion, a P/E ratio of 26.22, a price-to-earnings-growth ratio of 2.79 and a beta of 1.43.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, January 31st. The industrial products company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.62 by ($0.58). The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.08 billion. Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. During the same quarter last year, the business earned $2.46 EPS. On average, equities analysts forecast that Rockwell Automation, Inc. will post 11.98 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be given a dividend of $1.25 per share. The ex-dividend date is Friday, May 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.81%. Rockwell Automation’s dividend payout ratio (DPR) is presently 47.57%.

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.