Rockwell Automation, Inc. (NYSE:ROK) Shares Acquired by Evoke Wealth LLC

Evoke Wealth LLC grew its stake in Rockwell Automation, Inc. (NYSE:ROK) by 157.5% during the 4th quarter, Holdings Channel reports. The firm owned 5,896 shares of the industrial products company’s stock after purchasing an additional 3,606 shares during the quarter. Evoke Wealth LLC’s holdings in Rockwell Automation were worth $1,685,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ROK. West Oak Capital LLC grew its position in shares of Rockwell Automation by 455.6% in the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 82 shares during the period. Darwin Wealth Management LLC acquired a new stake in shares of Rockwell Automation in the third quarter valued at about $34,000. Bank of Jackson Hole Trust purchased a new position in shares of Rockwell Automation in the fourth quarter worth about $34,000. SBI Securities Co. Ltd. purchased a new position in shares of Rockwell Automation in the fourth quarter worth about $35,000. Finally, Flagship Wealth Advisors LLC purchased a new position in shares of Rockwell Automation in the fourth quarter worth about $38,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Price Performance

Rockwell Automation stock opened at $258.02 on Wednesday. The company’s 50 day simple moving average is $281.24 and its 200-day simple moving average is $278.68. The company has a market capitalization of $29.18 billion, a price-to-earnings ratio of 32.13, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a 1 year low of $242.81 and a 1 year high of $308.70. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08.

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, beating analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. As a group, equities research analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were issued a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Tuesday, February 18th. Rockwell Automation’s dividend payout ratio (DPR) is currently 65.26%.

Insider Activity at Rockwell Automation

In related news, SVP Tessa M. Myers sold 1,231 shares of Rockwell Automation stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $285.43, for a total value of $351,364.33. Following the completion of the transaction, the senior vice president now owns 3,650 shares in the company, valued at approximately $1,041,819.50. The trade was a 25.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Isaac Woods sold 895 shares of Rockwell Automation stock in a transaction that occurred 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 $329,114.56. This trade represents a 42.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,352 shares of company stock worth $1,246,298. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ROK. KeyCorp raised shares of Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price target on the stock in a research note on Monday, December 9th. Citigroup raised their price target on shares of Rockwell Automation from $345.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Wells Fargo & Company raised their price target on shares of Rockwell Automation from $315.00 to $337.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. HSBC raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price target on the stock in a research note on Wednesday, December 11th. Finally, Barclays decreased their price target on shares of Rockwell Automation from $300.00 to $285.00 and set an “equal weight” rating on the stock in a research note on Monday, March 10th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $307.68.

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.