FineMark National Bank & Trust Boosts Holdings in Rockwell Automation, Inc. (NYSE:ROK)

FineMark National Bank & Trust grew its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 5.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 894 shares of the industrial products company’s stock after purchasing an additional 46 shares during the period. FineMark National Bank & Trust’s holdings in Rockwell Automation were worth $278,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. WealthPlan Investment Management LLC bought a new stake in shares of Rockwell Automation in the third quarter worth $335,000. Private Advisor Group LLC increased its stake in shares of Rockwell Automation by 1.9% in the third quarter. Private Advisor Group LLC now owns 11,884 shares of the industrial products company’s stock worth $3,397,000 after buying an additional 225 shares during the last quarter. MGO One Seven LLC increased its stake in shares of Rockwell Automation by 7.7% in the third quarter. MGO One Seven LLC now owns 1,254 shares of the industrial products company’s stock worth $358,000 after buying an additional 90 shares during the last quarter. Syon Capital LLC bought a new stake in shares of Rockwell Automation in the third quarter worth $213,000. Finally, NBC Securities Inc. bought a new stake in shares of Rockwell Automation in the third quarter worth $350,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ROK. Loop Capital dropped their price target on shares of Rockwell Automation from $300.00 to $290.00 and set a “hold” rating for the company in a research note on Tuesday, May 14th. Wells Fargo & Company decreased their price objective on shares of Rockwell Automation from $320.00 to $312.00 and set an “overweight” rating for the company in a report on Wednesday, May 8th. Berenberg Bank reaffirmed a “hold” rating and issued a $290.00 price objective (down previously from $330.00) on shares of Rockwell Automation in a report on Wednesday, March 6th. Robert W. Baird decreased their price objective on shares of Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. Finally, Barclays decreased their price objective on shares of Rockwell Automation from $265.00 to $260.00 and set an “underweight” rating for the company in a report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $307.93.

Insider Buying and Selling

In related news, SVP Rebecca W. House sold 13,900 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $283.02, for a total value of $3,933,978.00. Following the transaction, the senior vice president now owns 8,482 shares in the company, valued at $2,400,575.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Nicholas C. Gangestad sold 1,989 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $288.17, for a total value of $573,170.13. Following the completion of the transaction, the chief financial officer now directly owns 12,217 shares of the company’s stock, valued at $3,520,572.89. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Rebecca W. House sold 13,900 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $283.02, for a total value of $3,933,978.00. Following the completion of the transaction, the senior vice president now directly owns 8,482 shares of the company’s stock, valued at $2,400,575.64. The disclosure for this sale can be found here. Insiders sold 17,006 shares of company stock valued at $4,822,904 over the last 90 days. 0.68% of the stock is currently owned by company insiders.

Rockwell Automation Stock Performance

Shares of ROK opened at $264.18 on Friday. The company has a market cap of $30.12 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 4.10 and a beta of 1.43. The firm has a fifty day moving average of $277.54 and a 200-day moving average of $283.65. Rockwell Automation, Inc. has a 1 year low of $252.11 and a 1 year high of $348.52. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.74 and a current ratio of 1.11.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.35. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.05 billion. Rockwell Automation had a net margin of 13.19% and a return on equity of 34.83%. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.01 earnings per share. As a group, equities analysts anticipate that Rockwell Automation, Inc. will post 10.16 earnings per share for the current year.

Rockwell Automation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Friday, May 10th. Rockwell Automation’s payout ratio is currently 48.88%.

Rockwell Automation Company 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.