Rockwell Automation, Inc. (NYSE:ROK) Stock Holdings Reduced by Boston Family Office LLC

Boston Family Office LLC cut its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,626 shares of the industrial products company’s stock after selling 5,218 shares during the period. Rockwell Automation accounts for about 1.5% of Boston Family Office LLC’s investment portfolio, making the stock its 22nd largest position. Boston Family Office LLC owned approximately 0.07% of Rockwell Automation worth $22,185,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Rockwell Automation by 0.9% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,775 shares of the industrial products company’s stock worth $1,079,000 after buying an additional 33 shares during the period. Whittier Trust Co. raised its stake in Rockwell Automation by 1.9% during the fourth quarter. Whittier Trust Co. now owns 1,896 shares of the industrial products company’s stock worth $542,000 after acquiring an additional 35 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in shares of Rockwell Automation by 0.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company’s stock valued at $1,199,000 after acquiring an additional 38 shares during the period. Lake Street Advisors Group LLC boosted its stake in shares of Rockwell Automation by 3.0% in the 4th quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company’s stock valued at $386,000 after purchasing an additional 39 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. grew its holdings in shares of Rockwell Automation by 3.8% in the 4th quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company’s stock worth $309,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Down 0.1 %

Shares of NYSE ROK opened at $258.42 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $29.22 billion, a PE ratio of 32.18, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. The firm’s 50-day moving average is $278.36 and its 200-day moving average is $278.91. Rockwell Automation, Inc. has a 1 year low of $242.81 and a 1 year high of $308.70.

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

Rockwell Automation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were issued a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Tuesday, February 18th. Rockwell Automation’s dividend payout ratio (DPR) is currently 65.26%.

Wall Street Analyst Weigh In

ROK has been the topic of a number of recent analyst reports. HSBC upgraded 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 report on Wednesday, December 11th. BNP Paribas downgraded Rockwell Automation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 11th. The Goldman Sachs Group raised their price target on Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. reduced their price objective on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 15th. Finally, Stephens upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $275.00 to $350.00 in a research note on Thursday, January 16th. Three investment 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, the company has a consensus rating of “Hold” and a consensus target price of $307.42.

Insider Transactions at Rockwell Automation

In other news, VP Isaac Woods sold 876 shares of Rockwell Automation stock in a transaction on Friday, February 28th. The shares were sold at an average price of $284.03, for a total transaction of $248,810.28. Following the transaction, the vice president now directly owns 1,057 shares of the company’s stock, valued at $300,219.71. This trade represents a 45.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Terry L. Riesterer sold 850 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were 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 directly owns 1,633 shares of the company’s stock, valued at $490,242.93. This trade represents a 34.23 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,352 shares of company stock worth $1,246,298. 0.68% of the stock is currently owned by company insiders.

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.