Private Advisor Group LLC Has $4.10 Million Stock Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Private Advisor Group LLC boosted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 11.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 13,203 shares of the industrial products company’s stock after buying an additional 1,319 shares during the quarter. Private Advisor Group LLC’s holdings in Rockwell Automation were worth $4,099,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ROK. Bruce G. Allen Investments LLC acquired a new position in Rockwell Automation during the fourth quarter worth $27,000. OFI Invest Asset Management acquired a new position in shares of Rockwell Automation during the 3rd quarter worth about $26,000. Provence Wealth Management Group bought a new stake in shares of Rockwell Automation in the 3rd quarter valued at about $27,000. Fortitude Family Office LLC acquired a new stake in Rockwell Automation in the 4th quarter valued at about $46,000. Finally, McGlone Suttner Wealth Management Inc. bought a new position in Rockwell Automation during the fourth quarter worth about $60,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, CEO Blake D. Moret purchased 3,500 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was purchased at an average cost of $283.64 per share, for a total transaction of $992,740.00. Following the transaction, the chief executive officer now owns 77,215 shares in the company, valued at approximately $21,901,262.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Blake D. Moret purchased 3,500 shares of Rockwell Automation stock in a transaction on Monday, February 12th. The shares were purchased at an average price of $283.64 per share, for a total transaction of $992,740.00. Following the transaction, the chief executive officer now owns 77,215 shares of the company’s stock, valued at approximately $21,901,262.60. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Nicholas C. Gangestad sold 1,989 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $288.17, for a total value of $573,170.13. Following the transaction, the chief financial officer now owns 12,217 shares of the company’s stock, valued at $3,520,572.89. The disclosure for this sale can be found here. Insiders sold a total of 17,240 shares of company stock worth $4,891,324 in the last quarter. 0.68% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ROK has been the topic of several research analyst reports. Citigroup dropped their price objective on Rockwell Automation from $322.00 to $316.00 and set a “buy” rating on the stock in a research note on Wednesday. Oppenheimer cut their price target on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $254.00 price objective on shares of Rockwell Automation in a report on Thursday, March 21st. Berenberg Bank restated a “hold” rating and set a $290.00 target price (down previously from $330.00) on shares of Rockwell Automation in a research note on Wednesday, March 6th. Finally, Barclays decreased their price target on shares of Rockwell Automation from $265.00 to $260.00 and set an “underweight” rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $307.93.

Rockwell Automation Trading Down 1.1 %

Shares of ROK opened at $270.50 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.25. Rockwell Automation, Inc. has a 52-week low of $252.11 and a 52-week high of $348.52. The firm has a market cap of $31.00 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 2.77 and a beta of 1.43. The business’s fifty day moving average is $281.65 and its 200-day moving average is $283.04.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.35. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.05 billion. Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period last year, the company posted $3.01 EPS. Equities analysts anticipate that Rockwell Automation, Inc. will post 11.98 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 13th will be given a $1.25 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $5.00 annualized dividend and a yield of 1.85%. Rockwell Automation’s dividend payout ratio is presently 47.57%.

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.