West Oak Capital LLC grew its position in shares of Rockwell Automation, Inc. (NYSE:ROK – Free Report) by 455.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 100 shares of the industrial products company’s stock after acquiring an additional 82 shares during the quarter. West Oak Capital LLC’s holdings in Rockwell Automation were worth $29,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of ROK. Richardson Financial Services Inc. increased its holdings in shares of Rockwell Automation by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 48 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Rockwell Automation during the third quarter worth $26,000. Darwin Wealth Management LLC bought a new stake in Rockwell Automation during the third quarter worth $34,000. Strategic Investment Solutions Inc. IL bought a new stake in Rockwell Automation during the second quarter worth $36,000. Finally, DiNuzzo Private Wealth Inc. grew its holdings in Rockwell Automation by 1,707.7% during the third quarter. DiNuzzo Private Wealth Inc. now owns 235 shares of the industrial products company’s stock worth $63,000 after buying an additional 222 shares in the last quarter. Institutional investors own 75.75% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on ROK shares. BNP Paribas started coverage on Rockwell Automation in a report on Wednesday, November 13th. They set an “outperform” rating and a $345.00 price target for the company. Morgan Stanley upped their price target on Rockwell Automation from $320.00 to $335.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Oppenheimer upped their price target on Rockwell Automation from $288.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Robert W. Baird upped their price target on Rockwell Automation from $290.00 to $305.00 and gave the stock an “outperform” rating in a report on Tuesday, November 26th. Finally, Barclays cut their price objective on Rockwell Automation from $290.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Rockwell Automation presently has an average rating of “Hold” and a consensus price target of $300.89.
Rockwell Automation Stock Down 2.2 %
Shares of NYSE ROK opened at $273.36 on Friday. The business’s fifty day moving average price is $287.49 and its 200-day moving average price is $273.87. The stock has a market capitalization of $30.90 billion, a PE ratio of 33.01, a P/E/G ratio of 3.12 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.08 and a quick ratio of 0.72. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $307.71.
Rockwell Automation (NYSE:ROK – Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.07. The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. The firm’s quarterly revenue was down 20.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.64 EPS. On average, equities research analysts anticipate that Rockwell Automation, Inc. will post 9.37 EPS for the current year.
Rockwell Automation Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were issued a dividend of $1.31 per share. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.25. The ex-dividend date was Monday, November 18th. This represents a $5.24 dividend on an annualized basis and a yield of 1.92%. Rockwell Automation’s dividend payout ratio is 63.29%.
Insider Buying and Selling
In related news, VP Scott Genereux sold 278 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $302.04, for a total transaction of $83,967.12. Following the sale, the vice president now owns 3,184 shares of the company’s stock, valued at approximately $961,695.36. This represents a 8.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Blake D. Moret sold 1,121 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $302.01, for a total value of $338,553.21. Following the sale, the chief executive officer now directly owns 81,754 shares in the company, valued at $24,690,525.54. This trade represents a 1.35 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,541 shares of company stock valued at $10,586,674. Corporate insiders own 0.68% of the company’s stock.
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.
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