Impact Capital Partners LLC Makes New Investment in Rockwell Automation, Inc. (NYSE:ROK)

Impact Capital Partners LLC acquired a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 864 shares of the industrial products company’s stock, valued at approximately $247,000.

Several other hedge funds have also modified their holdings of ROK. Ashton Thomas Securities LLC bought a new stake in shares of Rockwell Automation during the third quarter valued at approximately $26,000. West Oak Capital LLC grew its stake in shares of Rockwell Automation by 455.6% during 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 during the last quarter. Darwin Wealth Management LLC bought a new stake in shares of Rockwell Automation during the third quarter valued at approximately $34,000. Bank of Jackson Hole Trust bought a new stake in shares of Rockwell Automation during the fourth quarter valued at approximately $34,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Rockwell Automation during the fourth quarter valued at approximately $35,000. 75.75% of the stock is owned by institutional investors.

Insider Transactions at Rockwell Automation

In related news, VP Scott Genereux sold 500 shares of the firm’s stock in a transaction 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 completion of the transaction, the vice president now owns 1,905 shares of the company’s stock, valued at approximately $552,716.70. This trade represents a 20.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Isaac Woods sold 895 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $274.72, for a total transaction of $245,874.40. Following the completion of the transaction, the vice president now directly owns 1,198 shares of the company’s stock, valued at approximately $329,114.56. This trade represents a 42.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,352 shares of company stock valued at $1,246,298 over the last quarter. Corporate insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on ROK. HSBC raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price target on the stock in a research note on Wednesday, December 11th. Robert W. Baird increased their price target on shares of Rockwell Automation from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Wells Fargo & Company increased their price objective on shares of Rockwell Automation from $315.00 to $337.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Jefferies Financial Group upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and increased their price objective for the company from $290.00 to $350.00 in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a report on Wednesday, January 15th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Rockwell Automation has a consensus rating of “Hold” and an average target price of $307.68.

Rockwell Automation Stock Up 1.9 %

Shares of ROK stock opened at $260.09 on Friday. The firm has a fifty day moving average of $282.10 and a 200-day moving average of $278.59. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 12-month low of $242.81 and a 12-month high of $308.70. The company has a market capitalization of $29.41 billion, a price-to-earnings ratio of 32.39, a P/E/G ratio of 3.53 and a beta of 1.39.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were given a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Tuesday, February 18th. Rockwell Automation’s dividend payout ratio is 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.