1,475 Shares in Rockwell Automation, Inc. (NYSE:ROK) Acquired by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. purchased a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,475 shares of the industrial products company’s stock, valued at approximately $422,000.

Several other large investors have also recently made changes to their positions in the company. Carmel Capital Partners LLC increased its position in shares of Rockwell Automation by 7.1% during the fourth quarter. Carmel Capital Partners LLC now owns 7,274 shares of the industrial products company’s stock worth $2,079,000 after purchasing an additional 482 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Rockwell Automation during the fourth quarter worth approximately $32,532,000. Cullen Frost Bankers Inc. increased its position in shares of Rockwell Automation by 5.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 5,412 shares of the industrial products company’s stock worth $1,547,000 after purchasing an additional 265 shares in the last quarter. Arizona State Retirement System grew its holdings in Rockwell Automation by 0.9% in the 4th quarter. Arizona State Retirement System now owns 32,957 shares of the industrial products company’s stock valued at $9,419,000 after buying an additional 296 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in Rockwell Automation in the 4th quarter valued at $56,887,000. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Rockwell Automation Price Performance

ROK opened at $276.55 on Friday. The stock’s 50-day moving average price is $284.25 and its 200 day moving average price is $278.82. Rockwell Automation, Inc. has a 12-month low of $242.81 and a 12-month high of $308.70. 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 firm has a market cap of $31.27 billion, a price-to-earnings ratio of 34.44, a PEG ratio of 3.53 and a beta of 1.39.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be given a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Tuesday, February 18th. Rockwell Automation’s dividend payout ratio is currently 65.26%.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, SVP Tessa M. Myers sold 1,231 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $285.43, for a total value of $351,364.33. Following the sale, the senior vice president now owns 3,650 shares of the company’s stock, valued at $1,041,819.50. This trade represents a 25.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 sale, the vice president now directly owns 1,905 shares in the company, valued at $552,716.70. This trade represents a 20.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,823 shares of company stock valued at $1,690,564 in the last quarter. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Barclays upped their target price on Rockwell Automation from $285.00 to $300.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. dropped their target price on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating for the company in a report on Wednesday, January 15th. HSBC upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 target price for the company in a report on Wednesday, December 11th. Wells Fargo & Company upped their target price on Rockwell Automation from $315.00 to $337.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Finally, Citigroup upped their target price on Rockwell Automation from $345.00 to $350.00 and gave the company a “buy” 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $308.47.

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.