Pinnacle Wealth Planning Services Inc. Sells 302 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Pinnacle Wealth Planning Services Inc. lessened its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 24.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 937 shares of the industrial products company’s stock after selling 302 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Rockwell Automation were worth $268,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in shares of Rockwell Automation in the third quarter valued at approximately $26,000. West Oak Capital LLC boosted its position in shares of Rockwell Automation by 455.6% in the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 82 shares during the period. Darwin Wealth Management LLC bought a new position in shares of Rockwell Automation in the third quarter valued at approximately $34,000. Bank of Jackson Hole Trust bought a new position in shares of Rockwell Automation in the fourth quarter valued at approximately $34,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Rockwell Automation in the fourth quarter valued at approximately $35,000. 75.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Rockwell Automation news, VP Isaac Woods sold 876 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $284.03, for a total value of $248,810.28. Following the completion of the transaction, the vice president now owns 1,057 shares of the company’s stock, valued at approximately $300,219.71. The trade was a 45.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Scott Genereux sold 278 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $302.04, for a total value of $83,967.12. Following the completion of the transaction, the vice president now directly owns 3,184 shares of the company’s stock, valued at approximately $961,695.36. This trade represents a 8.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,823 shares of company stock worth $1,690,564 in the last quarter. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Performance

Shares of Rockwell Automation stock opened at $276.55 on Friday. The stock has a market cap of $31.27 billion, a price-to-earnings ratio of 34.44, a PEG ratio of 3.53 and a beta of 1.39. The firm’s 50-day moving average is $284.25 and its 200 day moving average is $278.73. 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 0.72, a current ratio of 1.08 and a quick ratio of 0.72.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be paid a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Tuesday, February 18th. Rockwell Automation’s payout ratio is 65.26%.

Wall Street Analyst Weigh In

Several brokerages recently commented on ROK. Robert W. Baird lifted their target price on shares of Rockwell Automation from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. HSBC upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price target on the stock in a report on Wednesday, December 11th. Morgan Stanley lifted their price target on shares of Rockwell Automation from $335.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Citigroup lifted their price target on shares of Rockwell Automation from $345.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Loop Capital lifted their price target on shares of Rockwell Automation from $260.00 to $280.00 and gave the company a “hold” rating in a report on Tuesday, February 25th. Three investment 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 MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $308.47.

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.