Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by Hoertkorn Richard Charles

Hoertkorn Richard Charles lowered its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 50.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 250 shares of the industrial products company’s stock after selling 250 shares during the quarter. Hoertkorn Richard Charles’ holdings in Rockwell Automation were worth $71,000 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 bought and sold shares of the stock. Cerity Partners LLC boosted its stake in shares of Rockwell Automation by 2.3% in the 3rd quarter. Cerity Partners LLC now owns 30,626 shares of the industrial products company’s stock valued at $8,222,000 after buying an additional 676 shares during the period. Larson Financial Group LLC increased its position in shares of Rockwell Automation by 70.7% in the 3rd quarter. Larson Financial Group LLC now owns 601 shares of the industrial products company’s stock valued at $161,000 after purchasing an additional 249 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Rockwell Automation in the 3rd quarter valued at $300,000. DRW Securities LLC purchased a new stake in shares of Rockwell Automation during the 3rd quarter worth $275,000. Finally, Brown Brothers Harriman & Co. grew its stake in shares of Rockwell Automation by 19.1% during the third quarter. Brown Brothers Harriman & Co. now owns 512 shares of the industrial products company’s stock worth $137,000 after purchasing an additional 82 shares in the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Rockwell Automation Price Performance

ROK stock opened at $268.50 on Friday. The stock’s 50 day moving average price is $279.51 and its 200 day moving average price is $278.65. The firm has a market cap of $30.36 billion, a P/E ratio of 33.44, a PEG ratio of 3.53 and a beta of 1.39. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. Rockwell Automation, Inc. has a 1 year low of $242.81 and a 1 year high of $308.70.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. On average, sell-side analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were paid a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Tuesday, February 18th. Rockwell Automation’s payout ratio is 65.26%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Jefferies Financial Group raised Rockwell Automation from a “hold” rating to a “buy” rating and upped their price objective for the stock from $290.00 to $350.00 in a research report on Thursday, December 12th. Citigroup upped their price target on Rockwell Automation from $345.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Oppenheimer raised their price objective on shares of Rockwell Automation from $300.00 to $320.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Morgan Stanley increased their target price on shares of Rockwell Automation from $335.00 to $345.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Finally, KeyCorp raised shares of Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price target for the company in a research report on Monday, December 9th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $307.42.

Insider Buying and Selling

In other news, VP Isaac Woods sold 895 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $274.72, for a total transaction of $245,874.40. Following the completion of the transaction, the vice president now owns 1,198 shares of the company’s stock, valued at $329,114.56. This represents a 42.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Scott Genereux sold 500 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $290.14, for a total transaction of $145,070.00. Following the completion of the sale, the vice president now directly owns 1,905 shares in the company, valued at $552,716.70. This represents a 20.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,352 shares of company stock worth $1,246,298. 0.68% of the stock is owned by insiders.

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.