Rockwell Automation, Inc. (NYSE:ROK) Shares Acquired by First American Trust FSB

First American Trust FSB boosted its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 50.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,877 shares of the industrial products company’s stock after acquiring an additional 8,054 shares during the quarter. First American Trust FSB’s holdings in Rockwell Automation were worth $6,824,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Great Valley Advisor Group Inc. raised its stake 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 valued at $518,000 after purchasing an additional 42 shares in the last quarter. Cerity Partners LLC increased its stake in Rockwell Automation by 2.3% during the 3rd quarter. Cerity Partners LLC now owns 30,626 shares of the industrial products company’s stock valued at $8,222,000 after buying an additional 676 shares during the period. Larson Financial Group LLC raised its position in shares of Rockwell Automation by 70.7% during the 3rd quarter. Larson Financial Group LLC now owns 601 shares of the industrial products company’s stock worth $161,000 after buying an additional 249 shares in the last quarter. Centaurus Financial Inc. lifted its stake in shares of Rockwell Automation by 1.3% in the 3rd quarter. Centaurus Financial Inc. now owns 6,994 shares of the industrial products company’s stock worth $1,877,000 after acquiring an additional 91 shares during the period. Finally, Summit Trail Advisors LLC boosted its holdings in shares of Rockwell Automation by 6.4% in the third quarter. Summit Trail Advisors LLC now owns 1,725 shares of the industrial products company’s stock valued at $463,000 after acquiring an additional 103 shares in the last quarter. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Performance

Shares of Rockwell Automation stock opened at $268.25 on Tuesday. Rockwell Automation, Inc. has a 12 month low of $242.81 and a 12 month high of $308.70. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. The stock has a market cap of $30.33 billion, a PE ratio of 33.41, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. The business has a fifty day simple moving average of $279.98 and a 200-day simple moving average of $278.67.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. On average, sell-side analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were paid a $1.31 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $5.24 annualized dividend and a yield of 1.95%. Rockwell Automation’s dividend payout ratio is presently 65.26%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Stephens upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $275.00 to $350.00 in a research report on Thursday, January 16th. Citigroup upped their price objective on Rockwell Automation from $345.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. decreased their target price on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating for the company in a research note on Wednesday, January 15th. Robert W. Baird boosted their price target 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. Finally, BNP Paribas downgraded shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a 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 company’s stock. According to data from MarketBeat.com, Rockwell Automation currently has a consensus rating of “Hold” and a consensus price target of $307.68.

Insiders Place Their Bets

In other news, VP Isaac Woods sold 876 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $284.03, for a total transaction of $248,810.28. Following the completion of the sale, the vice president now directly owns 1,057 shares of the company’s stock, valued at $300,219.71. This trade represents a 45.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Scott Genereux sold 500 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $290.14, for a total value of $145,070.00. Following the completion of the sale, the vice president now directly owns 1,905 shares of the company’s stock, valued at approximately $552,716.70. The trade was a 20.79 % 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 quarter. 0.68% of the stock is currently owned by corporate insiders.

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.