Financial Engines Advisors L.L.C. Makes New $279,000 Investment in Rockwell Automation, Inc. (NYSE:ROK)

Financial Engines Advisors L.L.C. acquired a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 976 shares of the industrial products company’s stock, valued at approximately $279,000.

A number of other large investors have also recently made changes to their positions in ROK. MCF Advisors LLC boosted its holdings in shares of Rockwell Automation by 95.8% in the 4th quarter. MCF Advisors LLC now owns 2,332 shares of the industrial products company’s stock worth $667,000 after purchasing an additional 1,141 shares during the period. Ameritas Advisory Services LLC raised its position in Rockwell Automation by 99.1% in the 4th quarter. Ameritas Advisory Services LLC now owns 5,187 shares of the industrial products company’s stock worth $1,482,000 after purchasing an additional 2,582 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in Rockwell Automation by 6.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 34,209 shares of the industrial products company’s stock worth $9,184,000 after purchasing an additional 1,928 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Rockwell Automation by 5.9% during the 4th quarter. Nordea Investment Management AB now owns 462,537 shares of the industrial products company’s stock valued at $132,554,000 after acquiring an additional 25,882 shares during the period. Finally, Wellington Management Group LLP increased its stake in Rockwell Automation by 7.3% in the third quarter. Wellington Management Group LLP now owns 789 shares of the industrial products company’s stock worth $212,000 after purchasing an additional 54 shares during the period. 75.75% of the stock is currently owned by institutional investors.

Rockwell Automation Stock Performance

ROK stock opened at $258.22 on Friday. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $308.70. The firm has a market cap of $29.20 billion, a price-to-earnings ratio of 32.16, 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. The firm has a 50-day simple moving average of $278.93 and a two-hundred day simple moving average of $278.64.

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, topping the consensus estimate of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. On average, equities analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were given a $1.31 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.03%. Rockwell Automation’s payout ratio is 65.26%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wells Fargo & Company raised their price target on shares of Rockwell Automation from $315.00 to $337.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Robert W. Baird raised their target price on shares of Rockwell Automation from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Citigroup boosted 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. Barclays reduced their price objective on Rockwell Automation from $285.00 to $280.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Jefferies Financial Group upgraded Rockwell Automation from a “hold” rating to a “buy” rating and upped their target price for the stock from $290.00 to $350.00 in a report on Thursday, December 12th. Three equities research 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.com, the stock has an average 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 transaction, the vice president now owns 1,198 shares in the company, valued at $329,114.56. This represents a 42.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Tessa M. Myers sold 1,231 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $285.43, for a total transaction of $351,364.33. Following the sale, the senior vice president now directly owns 3,650 shares in the company, valued at approximately $1,041,819.50. This represents a 25.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,352 shares of company stock worth $1,246,298 in the last ninety days. 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.