Bartlett & CO. Wealth Management LLC Sells 1,294 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Bartlett & CO. Wealth Management LLC lowered its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,318 shares of the industrial products company’s stock after selling 1,294 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Rockwell Automation were worth $9,236,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Daymark Wealth Partners LLC lifted its holdings in shares of Rockwell Automation by 1.6% during the 4th quarter. Daymark Wealth Partners LLC now owns 3,295 shares of the industrial products company’s stock valued at $942,000 after purchasing an additional 53 shares in the last quarter. Global Trust Asset Management LLC lifted its holdings in shares of Rockwell Automation by 18.5% during the 4th quarter. Global Trust Asset Management LLC now owns 3,284 shares of the industrial products company’s stock valued at $939,000 after purchasing an additional 512 shares in the last quarter. MCF Advisors LLC lifted its holdings in shares of Rockwell Automation by 95.8% during the 4th quarter. MCF Advisors LLC now owns 2,332 shares of the industrial products company’s stock valued at $667,000 after purchasing an additional 1,141 shares in the last quarter. Roberts Wealth Advisors LLC lifted its holdings in shares of Rockwell Automation by 3.8% during the 4th quarter. Roberts Wealth Advisors LLC now owns 12,980 shares of the industrial products company’s stock valued at $3,584,000 after purchasing an additional 473 shares in the last quarter. Finally, Atomi Financial Group Inc. lifted its holdings in shares of Rockwell Automation by 23.6% during the 4th quarter. Atomi Financial Group Inc. now owns 1,372 shares of the industrial products company’s stock valued at $392,000 after purchasing an additional 262 shares in the last quarter. Institutional investors own 75.75% of the company’s stock.

Insider Activity

In other news, CEO Blake D. Moret sold 26,700 shares of Rockwell Automation stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $298.63, for a total transaction of $7,973,421.00. Following the sale, the chief executive officer now directly owns 78,115 shares of the company’s stock, valued at approximately $23,327,482.45. This trade represents a 25.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Isaac Woods sold 895 shares of Rockwell Automation stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $274.72, for a total value of $245,874.40. Following the sale, the vice president now directly owns 1,198 shares in the company, valued at $329,114.56. The trade was a 42.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 36,436 shares of company stock worth $10,832,549. 0.68% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ROK shares. UBS Group assumed coverage on Rockwell Automation in a report on Wednesday, November 13th. They set a “neutral” rating and a $313.00 price objective on the stock. HSBC upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 target price on the stock in a research note on Wednesday, December 11th. Bank of America boosted their target price on Rockwell Automation from $270.00 to $285.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Mizuho boosted their target price on Rockwell Automation from $245.00 to $270.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, Barclays cut their target price on Rockwell Automation from $290.00 to $285.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Rockwell Automation presently has a consensus rating of “Hold” and a consensus price target of $304.16.

Rockwell Automation Stock Down 0.6 %

ROK stock opened at $289.09 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $32.68 billion, a PE ratio of 34.91, a PEG ratio of 3.13 and a beta of 1.36. Rockwell Automation, Inc. has a 1-year low of $242.81 and a 1-year high of $307.71. The business’s 50 day simple moving average is $288.32 and its 200 day simple moving average is $274.71.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Thursday, November 7th. The industrial products company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.07. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same period in the prior year, the firm posted $3.64 EPS. The company’s revenue for the quarter was down 20.6% on a year-over-year basis. As a group, research analysts anticipate that Rockwell Automation, Inc. will post 9.32 EPS for the current year.

Rockwell Automation Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were given a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.81%. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.25. The ex-dividend date was Monday, November 18th. Rockwell Automation’s dividend payout ratio is presently 63.29%.

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.