Kwmg LLC Raises Position in Rockwell Automation, Inc. (NYSE:ROK)

Kwmg LLC raised its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 1.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,076 shares of the industrial products company’s stock after buying an additional 359 shares during the period. Kwmg LLC’s holdings in Rockwell Automation were worth $5,558,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ROK. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Rockwell Automation in the 3rd quarter valued at $905,000. Envestnet Asset Management Inc. raised its holdings in shares of Rockwell Automation by 46.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 55,767 shares of the industrial products company’s stock valued at $15,942,000 after purchasing an additional 17,747 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Rockwell Automation by 1,257.1% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 665 shares of the industrial products company’s stock valued at $190,000 after purchasing an additional 616 shares in the last quarter. Natixis Advisors L.P. raised its stake in Rockwell Automation by 11.7% during the 3rd quarter. Natixis Advisors L.P. now owns 30,983 shares of the industrial products company’s stock worth $8,857,000 after acquiring an additional 3,245 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in Rockwell Automation by 4.6% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 7,001 shares of the industrial products company’s stock worth $2,001,000 after acquiring an additional 306 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Up 0.2 %

Shares of NYSE ROK traded up $0.65 during mid-day trading on Wednesday, reaching $266.52. The company had a trading volume of 598,102 shares, compared to its average volume of 985,440. Rockwell Automation, Inc. has a 12-month low of $249.00 and a 12-month high of $348.52. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.74 and a current ratio of 1.11. The stock has a fifty day moving average of $266.51 and a two-hundred day moving average of $281.83. The company has a market capitalization of $30.38 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 4.15 and a beta of 1.37.

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, topping analysts’ consensus estimates of $2.15 by $0.35. Rockwell Automation had a net margin of 13.19% and a return on equity of 34.83%. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the previous year, the company earned $3.01 earnings per share. The business’s revenue was down 6.6% compared to the same quarter last year. As a group, equities research analysts expect that Rockwell Automation, Inc. will post 10.14 EPS for the current year.

Rockwell Automation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.88%. Rockwell Automation’s payout ratio is presently 48.88%.

Insider Buying and Selling at Rockwell Automation

In related news, SVP Cyril Perducat sold 659 shares of Rockwell Automation stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $260.11, for a total value of $171,412.49. Following the completion of the transaction, the senior vice president now directly owns 4,630 shares of the company’s stock, valued at $1,204,309.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Rockwell Automation news, SVP Cyril Perducat sold 659 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $260.11, for a total transaction of $171,412.49. Following the completion of the sale, the senior vice president now directly owns 4,630 shares of the company’s stock, valued at approximately $1,204,309.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tessa M. Myers sold 248 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $256.37, for a total value of $63,579.76. Following the sale, the senior vice president now directly owns 4,246 shares of the company’s stock, valued at $1,088,547.02. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,199 shares of company stock valued at $572,750. 0.68% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ROK has been the subject of a number of research reports. Wells Fargo & Company cut their target price on shares of Rockwell Automation from $320.00 to $312.00 and set an “overweight” rating for the company in a research report on Wednesday, May 8th. Loop Capital decreased their price objective on shares of Rockwell Automation from $300.00 to $290.00 and set a “hold” rating for the company in a research note on Tuesday, May 14th. Berenberg Bank restated a “hold” rating and issued a $290.00 target price (down from $330.00) on shares of Rockwell Automation in a research note on Wednesday, March 6th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $254.00 price target on shares of Rockwell Automation in a report on Thursday, March 21st. Finally, Barclays dropped their target price on shares of Rockwell Automation from $260.00 to $250.00 and set an “underweight” rating on the stock in a report on Tuesday, June 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $307.21.

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.