Rockwell Automation, Inc. (NYSE:ROK) Holdings Lifted by Hall Laurie J Trustee

Hall Laurie J Trustee raised its stake in Rockwell Automation, Inc. (NYSE:ROK) by 0.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 17,780 shares of the industrial products company’s stock after acquiring an additional 95 shares during the period. Rockwell Automation accounts for approximately 1.7% of Hall Laurie J Trustee’s holdings, making the stock its 17th biggest position. Hall Laurie J Trustee’s holdings in Rockwell Automation were worth $5,082,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ROK. Prospera Financial Services Inc grew its holdings in shares of Rockwell Automation by 0.9% during the third quarter. Prospera Financial Services Inc now owns 4,033 shares of the industrial products company’s stock worth $1,083,000 after purchasing an additional 37 shares during the last quarter. Great Valley Advisor Group Inc. lifted its position 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 worth $518,000 after purchasing an additional 42 shares in the last quarter. Second Line Capital LLC grew its stake in shares of Rockwell Automation by 5.1% during the second quarter. Second Line Capital LLC now owns 963 shares of the industrial products company’s stock valued at $265,000 after purchasing an additional 47 shares during the last quarter. Richardson Financial Services Inc. increased its holdings in shares of Rockwell Automation by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 48 shares in the last quarter. Finally, Moran Wealth Management LLC raised its position in Rockwell Automation by 2.1% in the 3rd 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 last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Rockwell Automation news, VP Scott Genereux sold 278 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $302.04, for a total transaction of $83,967.12. Following the completion of the sale, the vice president now owns 3,184 shares of the company’s stock, valued at $961,695.36. This trade represents a 8.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Isaac Woods sold 895 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $274.72, for a total transaction of $245,874.40. Following the completion of the transaction, the vice president now owns 1,198 shares in the company, valued at approximately $329,114.56. This represents a 42.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,436 shares of company stock valued at $10,832,549 in the last 90 days. 0.68% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on ROK. Citigroup lifted their target price on Rockwell Automation from $313.00 to $345.00 and gave the company a “buy” rating in a research note on Monday, December 9th. HSBC upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price objective for the company in a research report on Wednesday, December 11th. JPMorgan Chase & Co. cut their target price on shares of Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 15th. Barclays reduced their price target on Rockwell Automation from $290.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. Finally, Oppenheimer boosted their target price on Rockwell Automation from $288.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Two equities 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 stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $304.16.

Rockwell Automation Stock Up 2.2 %

ROK stock opened at $287.06 on Monday. The business has a 50-day moving average of $287.88 and a 200-day moving average of $274.32. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $307.71. The stock has a market capitalization of $32.45 billion, a P/E ratio of 34.67, a P/E/G ratio of 2.87 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.08 and a quick ratio of 0.72.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Thursday, November 7th. The industrial products company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.07. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. The business’s quarterly revenue was down 20.6% on a year-over-year basis. During the same period last year, the business earned $3.64 EPS. On average, sell-side analysts anticipate that Rockwell Automation, Inc. will post 9.37 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were issued a $1.31 dividend. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.25. The ex-dividend date was Monday, November 18th. This represents a $5.24 annualized dividend and a dividend yield of 1.83%. Rockwell Automation’s dividend payout ratio (DPR) is presently 63.29%.

About Rockwell Automation

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.