Mutual Advisors LLC Increases Stock Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Mutual Advisors LLC grew its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,021 shares of the industrial products company’s stock after purchasing an additional 48 shares during the period. Mutual Advisors LLC’s holdings in Rockwell Automation were worth $627,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Cyndeo Wealth Partners LLC lifted its holdings in Rockwell Automation by 0.8% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 4,880 shares of the industrial products company’s stock worth $1,395,000 after buying an additional 38 shares in the last quarter. Cohen Lawrence B boosted its holdings in Rockwell Automation by 0.5% in the third quarter. Cohen Lawrence B now owns 8,319 shares of the industrial products company’s stock valued at $2,378,000 after purchasing an additional 38 shares during the period. Raleigh Capital Management Inc. grew its stake in Rockwell Automation by 24.2% during the 3rd quarter. Raleigh Capital Management Inc. now owns 195 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 38 shares in the last quarter. XML Financial LLC increased its holdings in Rockwell Automation by 2.7% during the 3rd quarter. XML Financial LLC now owns 1,549 shares of the industrial products company’s stock worth $443,000 after purchasing an additional 40 shares during the period. Finally, Harfst & Associates Inc. increased its holdings in Rockwell Automation by 3.6% during the 3rd quarter. Harfst & Associates Inc. now owns 1,160 shares of the industrial products company’s stock worth $332,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Wells Fargo & Company lowered their price objective on Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating for the company in a research report on Thursday, February 1st. Berenberg Bank reiterated a “hold” rating and set a $290.00 price target (down previously from $330.00) on shares of Rockwell Automation in a report on Wednesday, March 6th. Oppenheimer reduced their price objective on shares of Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $254.00 target price on shares of Rockwell Automation in a research note on Thursday, March 21st. Finally, Citigroup cut their price target on Rockwell Automation from $351.00 to $330.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $308.36.

Rockwell Automation Stock Up 2.4 %

Shares of NYSE ROK opened at $291.21 on Thursday. The stock has a market cap of $33.37 billion, a PE ratio of 27.71, a price-to-earnings-growth ratio of 2.64 and a beta of 1.43. Rockwell Automation, Inc. has a 52-week low of $252.11 and a 52-week high of $348.52. The business has a 50-day moving average price of $284.53 and a 200 day moving average price of $284.51. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 0.76.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($0.58). The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.08 billion. Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. During the same period in the previous year, the company posted $2.46 earnings per share. Equities research analysts forecast that Rockwell Automation, Inc. will post 12.29 earnings per share for the current year.

Rockwell Automation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Tuesday, February 20th were paid a $1.25 dividend. The ex-dividend date was Friday, February 16th. This represents a $5.00 dividend on an annualized basis and a yield of 1.72%. Rockwell Automation’s dividend payout ratio is presently 47.57%.

Insider Activity

In related news, VP Brian A. Shepherd sold 637 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $262.87, for a total transaction of $167,448.19. Following the transaction, the vice president now owns 5,088 shares of the company’s stock, valued at $1,337,482.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, VP Scott Genereux sold 500 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $290.00, for a total transaction of $145,000.00. Following the completion of the sale, the vice president now owns 2,383 shares in the company, valued at $691,070. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian A. Shepherd sold 637 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $262.87, for a total value of $167,448.19. Following the sale, the vice president now directly owns 5,088 shares of the company’s stock, valued at $1,337,482.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,877 shares of company stock valued at $5,058,772. Insiders own 0.68% of the company’s stock.

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.