Asset Planning Inc Acquires New Position in Rockwell Automation, Inc. (NYSE:ROK)

Asset Planning Inc acquired a new stake in Rockwell Automation, Inc. (NYSE:ROK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 173 shares of the industrial products company’s stock, valued at approximately $49,000.

Other hedge funds have also recently modified their holdings of the company. Richardson Financial Services Inc. grew its holdings in shares of Rockwell Automation by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 48 shares during the period. Ashton Thomas Securities LLC purchased a new position in Rockwell Automation during the third quarter worth about $26,000. West Oak Capital LLC boosted its stake in Rockwell Automation by 455.6% during the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after buying an additional 82 shares during the period. Darwin Wealth Management LLC purchased a new position in Rockwell Automation during the third quarter worth about $34,000. Finally, Heck Capital Advisors LLC purchased a new position in Rockwell Automation during the fourth quarter worth about $57,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on ROK shares. Jefferies Financial Group raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and raised their target price for the company from $290.00 to $350.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. cut their price objective on shares of Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a report on Wednesday, January 15th. BNP Paribas cut shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Morgan Stanley raised 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. Finally, Wells Fargo & Company raised 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. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $308.05.

Insiders Place Their Bets

In other Rockwell Automation news, VP John M. Miller sold 467 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $284.07, for a total transaction of $132,660.69. Following the sale, the vice president now directly owns 4,800 shares in the company, valued at approximately $1,363,536. The trade was a 8.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Blake D. Moret sold 26,700 shares of the business’s stock in a transaction on 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 owns 78,115 shares in the company, valued at $23,327,482.45. The trade was a 25.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,707 shares of company stock worth $10,933,215. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Performance

NYSE:ROK opened at $294.81 on Friday. The firm’s fifty day moving average price is $286.26 and its 200 day moving average price is $275.81. Rockwell Automation, Inc. has a 1-year low of $242.81 and a 1-year high of $308.70. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.08 and a quick ratio of 0.72. The firm has a market cap of $33.32 billion, a price-to-earnings ratio of 35.61, a price-to-earnings-growth ratio of 2.89 and a beta of 1.35.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data 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 11.53% and a return on equity of 30.42%. On average, sell-side analysts expect that Rockwell Automation, Inc. will post 9.32 EPS for the current year.

Rockwell Automation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be given a dividend of $1.31 per share. The ex-dividend date is Tuesday, February 18th. This represents a $5.24 annualized dividend and a dividend yield of 1.78%. Rockwell Automation’s payout ratio is currently 63.29%.

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.