Callan Family Office LLC Takes Position in Rockwell Automation, Inc. (NYSE:ROK)

Callan Family Office LLC purchased a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 861 shares of the industrial products company’s stock, valued at approximately $246,000.

Other large investors have also made changes to their positions in the company. State Street Corp grew its position in Rockwell Automation by 0.3% during the third quarter. State Street Corp now owns 4,648,137 shares of the industrial products company’s stock valued at $1,247,839,000 after purchasing an additional 11,949 shares in the last quarter. Geode Capital Management LLC grew its position in Rockwell Automation by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,683,202 shares of the industrial products company’s stock valued at $717,865,000 after purchasing an additional 14,040 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Rockwell Automation by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,570,036 shares of the industrial products company’s stock valued at $448,701,000 after purchasing an additional 13,744 shares in the last quarter. Accredited Investors Inc. grew its position in Rockwell Automation by 162,058.5% during the third quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company’s stock valued at $318,227,000 after purchasing an additional 1,184,648 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Rockwell Automation by 6.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,811 shares of the industrial products company’s stock valued at $303,041,000 after purchasing an additional 67,684 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Activity at Rockwell Automation

In related news, VP Terry L. Riesterer sold 850 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $300.21, for a total transaction of $255,178.50. Following the completion of the transaction, the vice president now directly owns 1,633 shares in the company, valued at $490,242.93. This represents a 34.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Isaac Woods sold 895 shares of the 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 of the company’s stock, valued at approximately $329,114.56. This represents a 42.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,352 shares of company stock worth $1,246,298 in the last ninety days. 0.68% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ROK has been the topic of a number of research analyst reports. Oppenheimer boosted their price objective on shares of Rockwell Automation from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Jefferies Financial Group raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and boosted their price objective for the company from $290.00 to $350.00 in a research report on Thursday, December 12th. UBS Group began coverage on shares of Rockwell Automation in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $313.00 target price for the company. HSBC raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 target price for the company in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company boosted their target price on shares of Rockwell Automation from $315.00 to $337.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $307.68.

Rockwell Automation Price Performance

NYSE:ROK opened at $265.53 on Wednesday. The stock has a market cap of $30.02 billion, a P/E ratio of 33.07, a PEG ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $308.70. The company has a fifty day moving average price of $283.55 and a 200 day moving average price of $278.93. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72.

Rockwell Automation (NYSE:ROK) last released its earnings results on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. Analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were paid a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend was Tuesday, February 18th. Rockwell Automation’s payout ratio is currently 65.26%.

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.