Allworth Financial LP Has $1.87 Million Position in Rockwell Automation, Inc. (NYSE:ROK)

Allworth Financial LP lifted its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 39.8% during the 4th quarter, Holdings Channel reports. The firm owned 6,486 shares of the industrial products company’s stock after purchasing an additional 1,845 shares during the quarter. Allworth Financial LP’s holdings in Rockwell Automation were worth $1,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of ROK. Accredited Investors Inc. increased its position in Rockwell Automation by 162,058.5% during the third quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company’s stock worth $318,227,000 after buying an additional 1,184,648 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Rockwell Automation by 29,591.7% during the 3rd quarter. International Assets Investment Management LLC now owns 936,178 shares of the industrial products company’s stock worth $251,326,000 after acquiring an additional 933,025 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Rockwell Automation by 33.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company’s stock worth $417,802,000 after acquiring an additional 390,784 shares during the last quarter. DAVENPORT & Co LLC raised its stake in Rockwell Automation by 27.9% in the 4th quarter. DAVENPORT & Co LLC now owns 408,336 shares of the industrial products company’s stock valued at $116,682,000 after acquiring an additional 88,962 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Rockwell Automation by 6.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,811 shares of the industrial products company’s stock valued at $303,041,000 after purchasing an additional 67,684 shares during the last quarter. 75.75% of the stock is owned by institutional investors.

Rockwell Automation Price Performance

Rockwell Automation stock opened at $301.03 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 1.08. Rockwell Automation, Inc. has a 52 week low of $242.81 and a 52 week high of $308.70. The stock has a market capitalization of $34.03 billion, a P/E ratio of 36.36, a price-to-earnings-growth ratio of 2.89 and a beta of 1.35. The stock has a fifty day moving average of $286.17 and a 200-day moving average of $276.17.

Rockwell Automation (NYSE:ROK) last posted its earnings results 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 net margin of 11.53% and a return on equity of 30.42%. On average, sell-side analysts expect that Rockwell Automation, Inc. will post 9.32 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently announced 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. The ex-dividend date is Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a yield of 1.74%. Rockwell Automation’s dividend payout ratio is currently 63.29%.

Insiders Place Their Bets

In related news, VP Terry L. Riesterer sold 850 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total transaction of $255,178.50. Following the sale, the vice president now owns 1,633 shares in the company, valued at $490,242.93. The trade was a 34.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Blake D. Moret sold 26,700 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $298.63, for a total value of $7,973,421.00. Following the completion of the transaction, the chief executive officer now owns 78,115 shares of the company’s stock, valued at $23,327,482.45. This represents a 25.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,240 shares of company stock valued at $10,800,555. 0.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ROK shares. KeyCorp upgraded shares of Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price objective on the stock in a report on Monday, December 9th. BNP Paribas cut shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 11th. Morgan Stanley boosted their price objective on Rockwell Automation from $335.00 to $345.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Jefferies Financial Group upgraded Rockwell Automation from a “hold” rating to a “buy” rating and increased their target price for the stock from $290.00 to $350.00 in a research note on Thursday, December 12th. Finally, HSBC upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price target for the company in a research note on Wednesday, December 11th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $308.05.

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.