Rockwell Automation, Inc. (NYSE:ROK) Position Raised by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 0.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 109,367 shares of the industrial products company’s stock after purchasing an additional 922 shares during the quarter. Commonwealth Equity Services LLC owned about 0.10% of Rockwell Automation worth $36,031,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ROK. Markel Corp grew its holdings in shares of Rockwell Automation by 1.3% in the 1st quarter. Markel Corp now owns 152,900 shares of the industrial products company’s stock worth $42,816,000 after acquiring an additional 2,000 shares during the last quarter. Sei Investments Co. increased its stake in Rockwell Automation by 10.3% in the 1st quarter. Sei Investments Co. now owns 57,480 shares of the industrial products company’s stock worth $16,221,000 after purchasing an additional 5,386 shares in the last quarter. Prudential PLC acquired a new stake in Rockwell Automation during the 1st quarter worth about $642,000. Sequoia Financial Advisors LLC lifted its stake in Rockwell Automation by 3.0% during the first quarter. Sequoia Financial Advisors LLC now owns 3,649 shares of the industrial products company’s stock valued at $1,021,000 after buying an additional 107 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Rockwell Automation by 0.9% in the first quarter. Vanguard Group Inc. now owns 11,472,877 shares of the industrial products company’s stock worth $3,212,750,000 after buying an additional 106,641 shares during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation Stock Up 0.9 %

Shares of ROK opened at $275.26 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.04 and a current ratio of 1.46. The company has a 50-day simple moving average of $277.09 and a 200-day simple moving average of $296.39. Rockwell Automation, Inc. has a 52 week low of $248.71 and a 52 week high of $348.52. The firm has a market capitalization of $31.56 billion, a P/E ratio of 23.02, a P/E/G ratio of 2.07 and a beta of 1.46.

Rockwell Automation Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be issued a $1.25 dividend. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.18. The ex-dividend date is Friday, November 10th. This represents a $5.00 annualized dividend and a yield of 1.82%. Rockwell Automation’s dividend payout ratio is 41.81%.

Analyst Ratings Changes

A number of research firms have recently issued reports on ROK. Wells Fargo & Company reduced their target price on Rockwell Automation from $317.00 to $291.00 in a report on Monday, October 9th. Stephens restated an “equal weight” rating and set a $350.00 price objective on shares of Rockwell Automation in a research report on Friday, November 3rd. Barclays dropped their target price on Rockwell Automation from $287.00 to $270.00 in a report on Tuesday, October 10th. StockNews.com initiated coverage on shares of Rockwell Automation in a report on Thursday, October 5th. They set a “hold” rating for the company. Finally, KeyCorp started coverage on shares of Rockwell Automation in a research note on Monday, October 2nd. They issued a “sector weight” rating on the stock. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $299.20.

Insiders Place Their Bets

In other news, VP Isaac Woods sold 113 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $285.43, for a total transaction of $32,253.59. Following the sale, the vice president now directly owns 827 shares in the company, valued at $236,050.61. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Rockwell Automation news, SVP Veena M. Lakkundi sold 597 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $257.14, for a total transaction of $153,512.58. Following the completion of the transaction, the senior vice president now owns 2,805 shares in the company, valued at $721,277.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Isaac Woods sold 113 shares of Rockwell Automation stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $285.43, for a total value of $32,253.59. Following the sale, the vice president now directly owns 827 shares in the company, valued at $236,050.61. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,150 shares of company stock worth $311,281. 0.64% of the stock is currently owned by company 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.