Cabot Wealth Management Inc. Grows Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Cabot Wealth Management Inc. boosted its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 4.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 47,831 shares of the industrial products company’s stock after purchasing an additional 2,022 shares during the period. Rockwell Automation makes up 1.7% of Cabot Wealth Management Inc.’s investment portfolio, making the stock its 18th largest holding. Cabot Wealth Management Inc.’s holdings in Rockwell Automation were worth $13,670,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Accredited Investors Inc. grew its position in Rockwell Automation by 162,058.5% in the 3rd quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company’s stock valued at $318,227,000 after buying an additional 1,184,648 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Rockwell Automation by 33.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company’s stock valued at $417,802,000 after acquiring an additional 390,784 shares in the last quarter. DAVENPORT & Co LLC increased its stake in shares of Rockwell Automation by 27.9% during the fourth quarter. DAVENPORT & Co LLC now owns 408,336 shares of the industrial products company’s stock worth $116,682,000 after acquiring an additional 88,962 shares during the period. Truist Financial Corp raised its holdings in Rockwell Automation by 229.5% during the fourth quarter. Truist Financial Corp now owns 102,347 shares of the industrial products company’s stock worth $29,250,000 after purchasing an additional 71,288 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Rockwell Automation by 6.4% in the third 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 period. 75.75% of the stock is owned by hedge funds and other institutional investors.

Rockwell Automation Trading Down 2.7 %

Shares of Rockwell Automation stock opened at $294.95 on Friday. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $308.70. The business’s fifty day moving average is $286.31 and its two-hundred day moving average is $277.35. 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 firm has a market cap of $33.35 billion, a PE ratio of 36.73, a P/E/G ratio of 3.53 and a beta of 1.35.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (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%. Analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $1.31 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $5.24 annualized dividend and a dividend yield of 1.78%. Rockwell Automation’s dividend payout ratio is presently 65.26%.

Analysts Set New Price Targets

ROK has been the subject of a number of analyst reports. UBS Group initiated coverage on Rockwell Automation in a research note on Wednesday, November 13th. They set a “neutral” rating and a $313.00 target price for the company. JPMorgan Chase & Co. decreased their target price on shares of Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 15th. HSBC upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price target for the company in a report on Wednesday, December 11th. Wells Fargo & Company boosted their price objective on shares of Rockwell Automation from $315.00 to $337.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, Robert W. Baird increased their target price on shares of Rockwell Automation from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Rockwell Automation presently has an average rating of “Hold” and an average price target of $308.05.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, CEO Blake D. Moret sold 26,700 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $298.63, for a total transaction of $7,973,421.00. Following the completion of the sale, the chief executive officer now directly owns 78,115 shares in the company, valued at $23,327,482.45. The trade was a 25.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Terry L. Riesterer sold 850 shares of Rockwell Automation stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $300.21, for a total transaction of $255,178.50. Following the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 36,240 shares of company stock worth $10,800,555 in the last ninety days. Insiders own 0.68% of the company’s stock.

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.