DiNuzzo Private Wealth Inc. Buys 94 Shares of Rockwell Automation, Inc. (NYSE:ROK)

DiNuzzo Private Wealth Inc. grew its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 40.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 329 shares of the industrial products company’s stock after purchasing an additional 94 shares during the quarter. DiNuzzo Private Wealth Inc.’s holdings in Rockwell Automation were worth $94,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Prospera Financial Services Inc boosted its position 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 in the last quarter. Fortitude Advisory Group L.L.C. raised its stake in Rockwell Automation by 3.8% during the 4th quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company’s stock worth $309,000 after buying an additional 40 shares during the period. Great Valley Advisor Group Inc. grew its stake in Rockwell Automation by 2.2% in the third quarter. Great Valley Advisor Group Inc. now owns 1,928 shares of the industrial products company’s stock valued at $518,000 after acquiring an additional 42 shares during the period. 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 worth $26,000 after acquiring an additional 48 shares in the last quarter. Finally, Moran Wealth Management LLC raised its position in shares of Rockwell Automation by 2.1% during the third 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 period. Institutional investors own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ROK shares. Morgan Stanley boosted their price objective on Rockwell Automation from $320.00 to $335.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Citigroup upped their price target on shares of Rockwell Automation from $313.00 to $345.00 and gave the company a “buy” rating in a report on Monday, December 9th. Stephens upgraded shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $275.00 to $350.00 in a report on Thursday, January 16th. JPMorgan Chase & Co. reduced their target price on shares of Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating for the company in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company lifted their price target on Rockwell Automation from $293.00 to $305.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $304.16.

Rockwell Automation Stock Down 0.7 %

ROK opened at $282.27 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 1.08. The stock has a fifty day moving average of $288.52 and a 200-day moving average of $275.32. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $307.71. The company has a market capitalization of $31.90 billion, a P/E ratio of 34.09, a P/E/G ratio of 3.11 and a beta of 1.36.

Rockwell Automation (NYSE:ROK) last released its earnings results on Thursday, November 7th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.07. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same period in the prior year, the firm posted $3.64 EPS. Rockwell Automation’s quarterly revenue was down 20.6% on a year-over-year basis. On average, equities analysts expect that Rockwell Automation, Inc. will post 9.32 EPS for the current year.

Rockwell Automation Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were paid a $1.31 dividend. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Monday, November 18th. This represents a $5.24 annualized dividend and a yield of 1.86%. Rockwell Automation’s dividend payout ratio is presently 63.29%.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP John M. Miller sold 467 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $284.07, for a total transaction of $132,660.69. Following the sale, the vice president now directly owns 4,800 shares of the company’s stock, valued at $1,363,536. The trade was a 8.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Veena M. Lakkundi sold 579 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $266.86, for a total transaction of $154,511.94. Following the transaction, the senior vice president now directly owns 4,576 shares of the company’s stock, valued at $1,221,151.36. The trade was a 11.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,436 shares of company stock worth $10,832,549 over the last quarter. Corporate insiders own 0.68% of the company’s stock.

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.