Callan Family Office LLC Takes $246,000 Position in Rockwell Automation, Inc. (NYSE:ROK)

Callan Family Office LLC acquired a new stake in Rockwell Automation, Inc. (NYSE:ROK) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 861 shares of the industrial products company’s stock, valued at approximately $246,000.

Other large investors have also made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in shares of Rockwell Automation in the 3rd quarter worth about $26,000. West Oak Capital LLC grew its holdings in shares of Rockwell Automation by 455.6% in the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 82 shares during the last quarter. Bank of Jackson Hole Trust bought a new stake in shares of Rockwell Automation in the 4th quarter worth about $34,000. SBI Securities Co. Ltd. bought a new stake in shares of Rockwell Automation in the 4th quarter worth about $35,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of Rockwell Automation in the 3rd quarter worth about $34,000. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Down 1.8 %

Shares of NYSE ROK opened at $265.53 on Wednesday. The firm has a market capitalization of $30.02 billion, a PE ratio of 33.07, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. The firm’s 50-day moving average is $283.55 and its 200-day moving average is $278.93. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. 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 results on Monday, February 10th. The industrial products company reported $1.83 earnings per share 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 company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were given a $1.31 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.97%. Rockwell Automation’s dividend payout ratio is 65.26%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ROK. The Goldman Sachs Group upped their target price on shares of Rockwell Automation from $257.00 to $290.00 and gave the stock a “sell” rating in a report 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 stock an “overweight” rating in a report on Tuesday, February 11th. Morgan Stanley increased their price objective on shares of Rockwell Automation from $335.00 to $345.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Jefferies Financial Group raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and increased their price objective for the stock from $290.00 to $350.00 in a report on Thursday, December 12th. Finally, Loop Capital increased their price objective on shares of Rockwell Automation from $260.00 to $280.00 and gave the stock a “hold” rating in a report on Tuesday, February 25th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $307.68.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, SVP Tessa M. Myers sold 1,231 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $285.43, for a total transaction of $351,364.33. Following the sale, the senior vice president now directly owns 3,650 shares in the company, valued at approximately $1,041,819.50. This trade represents a 25.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Isaac Woods sold 895 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $274.72, for a total transaction of $245,874.40. Following the sale, the vice president now owns 1,198 shares in the company, valued at $329,114.56. This trade represents a 42.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,352 shares of company stock worth $1,246,298 in the last ninety days. Company 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.