New Age Alpha Advisors LLC Purchases Shares of 12,025 Rockwell Automation, Inc. (NYSE:ROK)

New Age Alpha Advisors LLC acquired a new position in Rockwell Automation, Inc. (NYSE:ROK) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 12,025 shares of the industrial products company’s stock, valued at approximately $3,437,000.

A number of other large investors have also recently made changes to their positions in ROK. West Oak Capital LLC raised its stake in Rockwell Automation by 455.6% during the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 82 shares during the period. Bank of Jackson Hole Trust bought a new stake in shares of Rockwell Automation during the 4th quarter valued at $34,000. SBI Securities Co. Ltd. purchased a new position in shares of Rockwell Automation during the 4th quarter valued at $35,000. Flagship Wealth Advisors LLC bought a new position in Rockwell Automation in the 4th quarter worth $38,000. Finally, Knuff & Co LLC increased its stake in Rockwell Automation by 41.0% in the 4th quarter. Knuff & Co LLC now owns 141 shares of the industrial products company’s stock worth $40,000 after buying an additional 41 shares in the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Rockwell Automation Trading Down 3.7 %

ROK opened at $258.22 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. The stock’s 50 day moving average price is $278.93 and its 200-day moving average price is $278.64. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $308.70. The stock has a market cap of $29.20 billion, a price-to-earnings ratio of 32.16, a P/E/G ratio of 3.53 and a beta of 1.39.

Rockwell Automation (NYSE:ROK) last announced 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 return on equity of 30.17% and a net margin of 11.38%. On average, equities analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were paid a $1.31 dividend. This represents a $5.24 annualized dividend and a yield of 2.03%. The ex-dividend date was Tuesday, February 18th. Rockwell Automation’s dividend payout ratio is presently 65.26%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. HSBC upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 target price for the company in a research report on Wednesday, December 11th. KeyCorp raised shares of Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 target price on the stock in a report on Monday, December 9th. BNP Paribas cut shares of Rockwell Automation from a “strong-buy” rating to a “hold” 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. Finally, Morgan Stanley raised their price objective on Rockwell Automation from $335.00 to $345.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $307.42.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, VP Terry L. Riesterer sold 850 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total value of $255,178.50. Following the completion of the sale, the vice president now directly owns 1,633 shares in the company, valued at approximately $490,242.93. This represents a 34.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 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 position. The disclosure for this sale can be found here. Insiders sold 4,352 shares of company stock worth $1,246,298 in the last 90 days. 0.68% of the stock is owned by corporate insiders.

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.