Flagship Wealth Advisors LLC Makes New Investment in Rockwell Automation, Inc. (NYSE:ROK)

Flagship Wealth Advisors LLC acquired a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 133 shares of the industrial products company’s stock, valued at approximately $38,000.

A number of other hedge funds have also made changes to their positions in ROK. CIBC Asset Management Inc lifted its position in shares of Rockwell Automation by 12.9% in the 3rd quarter. CIBC Asset Management Inc now owns 19,104 shares of the industrial products company’s stock worth $5,129,000 after acquiring an additional 2,189 shares during the period. Empowered Funds LLC lifted its position in shares of Rockwell Automation by 14.0% during the 3rd quarter. Empowered Funds LLC now owns 6,938 shares of the industrial products company’s stock worth $1,863,000 after buying an additional 851 shares during the period. Natixis Advisors LLC increased its holdings in Rockwell Automation by 97.4% during the 3rd quarter. Natixis Advisors LLC now owns 119,961 shares of the industrial products company’s stock valued at $32,205,000 after purchasing an additional 59,203 shares in the last quarter. Accredited Investors Inc. increased its holdings in Rockwell Automation by 16.7% during the 3rd quarter. Accredited Investors Inc. now owns 853 shares of the industrial products company’s stock valued at $229,000 after purchasing an additional 122 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in Rockwell Automation during the 3rd quarter valued at $537,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Oppenheimer lifted their target price on Rockwell Automation from $300.00 to $320.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Citigroup lifted their target price on Rockwell Automation from $345.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. cut their price target on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a report on Wednesday, January 15th. Stephens upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $275.00 to $350.00 in a report on Thursday, January 16th. Finally, The Goldman Sachs Group upped their target price on Rockwell Automation from $257.00 to $290.00 and gave the stock a “sell” rating in a report on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $307.68.

Insiders Place Their Bets

In other news, VP Scott Genereux sold 500 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $290.14, for a total value of $145,070.00. Following the transaction, the vice president now owns 1,905 shares in the company, valued at approximately $552,716.70. This represents a 20.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Terry L. Riesterer sold 850 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 1,633 shares in the company, valued at approximately $490,242.93. This represents a 34.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,352 shares of company stock worth $1,246,298. 0.68% of the stock is currently owned by company insiders.

Rockwell Automation Trading Up 0.6 %

Shares of ROK stock opened at $261.88 on Tuesday. Rockwell Automation, Inc. has a 12-month low of $242.81 and a 12-month high of $308.70. 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 $29.61 billion, a P/E ratio of 32.61, a PEG ratio of 3.53 and a beta of 1.39. The company has a 50 day moving average of $281.71 and a 200-day moving average of $278.78.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. Sell-side analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were issued a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Tuesday, February 18th. Rockwell Automation’s dividend payout ratio (DPR) is presently 65.26%.

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.