Bay Colony Advisory Group Inc d b a Bay Colony Advisors Has $720,000 Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in Rockwell Automation, Inc. (NYSE:ROK) by 56.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,319 shares of the industrial products company’s stock after buying an additional 837 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Rockwell Automation were worth $720,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. KLCM Advisors Inc. raised its holdings in shares of Rockwell Automation by 16.6% in the 3rd quarter. KLCM Advisors Inc. now owns 1,136 shares of the industrial products company’s stock worth $325,000 after buying an additional 162 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Rockwell Automation by 9.4% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,728 shares of the industrial products company’s stock worth $780,000 after buying an additional 234 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Rockwell Automation by 676.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 32,156 shares of the industrial products company’s stock worth $9,984,000 after buying an additional 28,016 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Rockwell Automation by 0.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 11,423 shares of the industrial products company’s stock worth $3,266,000 after buying an additional 97 shares in the last quarter. Finally, McGuire Investment Group LLC raised its holdings in shares of Rockwell Automation by 106.4% in the 4th quarter. McGuire Investment Group LLC now owns 16,455 shares of the industrial products company’s stock worth $5,109,000 after buying an additional 8,484 shares in the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Rockwell Automation Stock Up 0.0 %

NYSE ROK opened at $284.83 on Monday. Rockwell Automation, Inc. has a 1-year low of $252.11 and a 1-year high of $348.52. The company has a market cap of $32.64 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 2.86 and a beta of 1.43. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. The company has a 50 day moving average of $282.22 and a 200-day moving average of $284.42.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.62 by ($0.58). Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same quarter in the prior year, the firm earned $2.46 earnings per share. On average, equities research analysts expect that Rockwell Automation, Inc. will post 12.03 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 13th will be paid a dividend of $1.25 per share. The ex-dividend date is Friday, May 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.76%. Rockwell Automation’s payout ratio is presently 47.57%.

Insiders Place Their Bets

In other Rockwell Automation news, VP Scott Genereux sold 500 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $290.00, for a total transaction of $145,000.00. Following the sale, the vice president now owns 2,383 shares of the company’s stock, valued at $691,070. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, VP Scott Genereux sold 500 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $290.00, for a total value of $145,000.00. Following the sale, the vice president now owns 2,383 shares of the company’s stock, valued at $691,070. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Rebecca W. House sold 13,900 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $283.02, for a total transaction of $3,933,978.00. Following the completion of the sale, the senior vice president now directly owns 8,482 shares in the company, valued at approximately $2,400,575.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,877 shares of company stock valued at $5,058,772. 0.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ROK shares. Berenberg Bank reiterated a “hold” rating and issued a $290.00 price objective (down from $330.00) on shares of Rockwell Automation in a research report on Wednesday, March 6th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $254.00 price objective on shares of Rockwell Automation in a research note on Thursday, March 21st. Barclays dropped their price target on Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 2nd. Oppenheimer decreased their price objective on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. Finally, Wells Fargo & Company reduced their price target on Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating for the company in a report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $310.08.

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.