Clarity Capital Partners LLC Has $554,000 Stake in Rockwell Automation, Inc. (NYSE:ROK)

Clarity Capital Partners LLC grew its stake in Rockwell Automation, Inc. (NYSE:ROK) by 63.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,902 shares of the industrial products company’s stock after buying an additional 735 shares during the quarter. Clarity Capital Partners LLC’s holdings in Rockwell Automation were worth $554,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Bruce G. Allen Investments LLC acquired a new position in Rockwell Automation during the 4th quarter valued at $27,000. Riverview Trust Co bought a new position in Rockwell Automation during the first quarter worth about $28,000. Bfsg LLC bought a new position in shares of Rockwell Automation during the 1st quarter worth approximately $29,000. Security National Bank acquired a new stake in shares of Rockwell Automation in the 4th quarter valued at $40,000. Finally, Cooksen Wealth LLC bought a new stake in Rockwell Automation during the 4th quarter worth approximately $40,000. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Up 1.4 %

NYSE:ROK traded up $3.76 during trading hours on Wednesday, reaching $265.00. 518,382 shares of the stock were exchanged, compared to its average volume of 990,380. The stock has a market cap of $30.21 billion, a PE ratio of 25.90, a PEG ratio of 4.38 and a beta of 1.37. Rockwell Automation, Inc. has a twelve month low of $249.00 and a twelve month high of $348.52. The firm has a 50 day moving average of $264.56 and a 200 day moving average of $279.37. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.11 and a quick ratio of 0.74.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.35. Rockwell Automation had a return on equity of 34.83% and a net margin of 13.19%. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter last year, the company earned $3.01 EPS. Rockwell Automation’s revenue for the quarter was down 6.6% compared to the same quarter last year. On average, equities analysts expect that Rockwell Automation, Inc. will post 10.15 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.89%. Rockwell Automation’s payout ratio is 48.88%.

Insider Buying and Selling

In related news, SVP Tessa M. Myers sold 528 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $253.78, for a total value of $133,995.84. Following the sale, the senior vice president now owns 3,718 shares in the company, valued at approximately $943,554.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, SVP Tessa M. Myers sold 528 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $253.78, for a total transaction of $133,995.84. Following the transaction, the senior vice president now owns 3,718 shares in the company, valued at $943,554.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP John M. Miller sold 467 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $273.27, for a total value of $127,617.09. Following the completion of the sale, the vice president now owns 4,800 shares of the company’s stock, valued at $1,311,696. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,199 shares of company stock worth $572,750. Company insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Loop Capital reduced their target price on shares of Rockwell Automation from $300.00 to $290.00 and set a “hold” rating on the stock in a research report on Tuesday, May 14th. Barclays cut their target price on Rockwell Automation from $260.00 to $250.00 and set an “underweight” rating on the stock in a research note on Tuesday, June 4th. Citigroup decreased their price objective on shares of Rockwell Automation from $322.00 to $316.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Wells Fargo & Company decreased their price target on shares of Rockwell Automation from $312.00 to $305.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $254.00 price objective on shares of Rockwell Automation in a research note on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Rockwell Automation presently has an average rating of “Hold” and an average price target of $301.07.

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.