Focus Financial Network Inc. Has $562,000 Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

Focus Financial Network Inc. lifted its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 4.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,967 shares of the industrial products company’s stock after buying an additional 91 shares during the quarter. Focus Financial Network Inc.’s holdings in Rockwell Automation were worth $562,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Richardson Financial Services Inc. raised its stake in Rockwell Automation by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 48 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in Rockwell Automation in the third quarter valued at about $26,000. West Oak Capital LLC raised its stake in Rockwell Automation by 455.6% in the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 82 shares in the last quarter. Darwin Wealth Management LLC bought a new position in Rockwell Automation in the third quarter valued at about $34,000. Finally, Heck Capital Advisors LLC bought a new position in Rockwell Automation in the fourth quarter valued at about $57,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Price Performance

Rockwell Automation stock opened at $298.51 on Friday. The stock’s 50 day moving average is $286.23 and its 200 day moving average is $275.65. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.08 and a quick ratio of 0.72. The firm has a market cap of $33.74 billion, a P/E ratio of 36.05, a P/E/G ratio of 2.89 and a beta of 1.35. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $308.70.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data 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 return on equity of 30.42% and a net margin of 11.53%. As a group, research analysts expect that Rockwell Automation, Inc. will post 9.32 EPS for the current year.

Rockwell Automation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be paid a $1.31 dividend. This represents a $5.24 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Tuesday, February 18th. Rockwell Automation’s dividend payout ratio (DPR) is presently 63.29%.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, SVP Cyril Perducat sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following the transaction, the senior vice president now directly owns 3,630 shares of the company’s stock, valued at approximately $1,089,000. The trade was a 21.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John M. Miller sold 467 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $284.07, for a total value of $132,660.69. Following the transaction, the vice president now directly owns 4,800 shares in the company, valued at $1,363,536. The trade was a 8.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,857 shares of company stock valued at $10,678,037. 0.68% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ROK. Oppenheimer lifted their target price on Rockwell Automation from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Tuesday. KeyCorp upgraded Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 target price on the stock in a research report on Monday, December 9th. Morgan Stanley lifted their target price on Rockwell Automation from $335.00 to $345.00 and gave the company an “overweight” rating in a research report on Wednesday. Jefferies Financial Group upgraded Rockwell Automation from a “hold” rating to a “buy” rating and lifted their target price for the company from $290.00 to $350.00 in a research report on Thursday, December 12th. Finally, Robert W. Baird lifted their target price on Rockwell Automation from $305.00 to $315.00 and gave the company an “outperform” rating in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $308.05.

About Rockwell Automation

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.