Moran Wealth Management LLC Grows Position in Rockwell Automation, Inc. (NYSE:ROK)

Moran Wealth Management LLC grew its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 2.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,411 shares of the industrial products company’s stock after purchasing an additional 69 shares during the period. Moran Wealth Management LLC’s holdings in Rockwell Automation were worth $689,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. OFI Invest Asset Management acquired a new stake in shares of Rockwell Automation in the fourth quarter valued at about $1,029,000. Amundi lifted its position in shares of Rockwell Automation by 26.2% during the 4th quarter. Amundi now owns 2,073,594 shares of the industrial products company’s stock valued at $580,095,000 after acquiring an additional 430,498 shares during the period. Larson Financial Group LLC boosted its stake in shares of Rockwell Automation by 37.1% during the 4th quarter. Larson Financial Group LLC now owns 824 shares of the industrial products company’s stock worth $235,000 after acquiring an additional 223 shares in the last quarter. AMF Tjanstepension AB grew its holdings in shares of Rockwell Automation by 9.1% in the 4th quarter. AMF Tjanstepension AB now owns 44,517 shares of the industrial products company’s stock worth $12,731,000 after acquiring an additional 3,726 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in Rockwell Automation by 0.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 90,402 shares of the industrial products company’s stock valued at $25,836,000 after purchasing an additional 363 shares in the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, SVP Tessa M. Myers sold 1,231 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $285.43, for a total transaction of $351,364.33. Following the completion of the sale, the senior vice president now directly owns 3,650 shares in the company, valued at $1,041,819.50. This represents a 25.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Scott Genereux sold 500 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $290.14, for a total value of $145,070.00. Following the completion of the transaction, the vice president now owns 1,905 shares in the company, valued at approximately $552,716.70. This trade represents a 20.79 % decrease in their ownership of the stock. 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. Insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on ROK shares. Barclays decreased their target price on Rockwell Automation from $300.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Monday. Loop Capital boosted their price objective on shares of Rockwell Automation from $260.00 to $280.00 and gave the stock a “hold” rating in a research report on Tuesday, February 25th. Robert W. Baird lifted their target price on shares of Rockwell Automation from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. BNP Paribas lowered shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Finally, UBS Group assumed coverage on Rockwell Automation in a research report on Wednesday, November 13th. They set a “neutral” rating and a $313.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Rockwell Automation currently has an average rating of “Hold” and an average target price of $307.68.

Rockwell Automation Stock Performance

NYSE ROK opened at $265.53 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $30.02 billion, a PE ratio of 33.07, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. The business’s 50-day moving average price is $283.55 and its 200 day moving average price is $278.93. Rockwell Automation, Inc. has a twelve month low of $242.81 and a twelve month high of $308.70.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, topping 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%. On average, research analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

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

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.