Rockwell Automation, Inc. (NYSE:ROK) Shares Bought by Regency Capital Management Inc. DE

Regency Capital Management Inc. DE increased its position in Rockwell Automation, Inc. (NYSE:ROK) by 5.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,680 shares of the industrial products company’s stock after purchasing an additional 80 shares during the period. Regency Capital Management Inc. DE’s holdings in Rockwell Automation were worth $480,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ROK. State Street Corp raised its position in shares of Rockwell Automation by 0.3% during the 3rd quarter. State Street Corp now owns 4,648,137 shares of the industrial products company’s stock valued at $1,247,839,000 after acquiring an additional 11,949 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Rockwell Automation by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,683,202 shares of the industrial products company’s stock worth $717,865,000 after buying an additional 14,040 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Rockwell Automation by 33.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company’s stock valued at $417,802,000 after buying an additional 390,784 shares during the period. Accredited Investors Inc. grew its position in shares of Rockwell Automation by 162,058.5% during the 3rd quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company’s stock valued at $318,227,000 after buying an additional 1,184,648 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Rockwell Automation by 6.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,811 shares of the industrial products company’s stock worth $303,041,000 after acquiring an additional 67,684 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on ROK. Morgan Stanley lifted their target price on Rockwell Automation from $320.00 to $335.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Bank of America boosted their target price on shares of Rockwell Automation from $270.00 to $285.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. UBS Group initiated coverage on Rockwell Automation in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $313.00 price target for the company. Jefferies Financial Group upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and raised their price objective for the company from $290.00 to $350.00 in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. lowered their target price on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $304.16.

Insider Activity

In other news, CEO Blake D. Moret sold 26,700 shares of the 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 transaction, the chief executive officer now owns 78,115 shares of the company’s stock, valued at approximately $23,327,482.45. This represents a 25.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Cyril Perducat sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following the completion of the sale, the senior vice president now owns 3,630 shares of the company’s stock, valued at approximately $1,089,000. This trade represents a 21.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,436 shares of company stock worth $10,832,549 in the last three months. 0.68% of the stock is owned by insiders.

Rockwell Automation Price Performance

Shares of NYSE:ROK opened at $288.08 on Friday. The company has a market cap of $32.56 billion, a P/E ratio of 34.79, a price-to-earnings-growth ratio of 3.11 and a beta of 1.36. Rockwell Automation, Inc. has a 12-month low of $242.81 and a 12-month high of $307.71. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.70. The company’s fifty day moving average is $288.50 and its two-hundred day moving average is $275.08.

Rockwell Automation (NYSE:ROK) last released its earnings results on Thursday, November 7th. The industrial products company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.07. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. The business’s revenue for the quarter was down 20.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.64 EPS. Equities analysts expect that Rockwell Automation, Inc. will post 9.32 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were paid a dividend of $1.31 per share. The ex-dividend date of this dividend was Monday, November 18th. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.25. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.82%. Rockwell Automation’s dividend payout ratio (DPR) is 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.