Rockwell Automation, Inc. (NYSE:ROK) Shares Purchased by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC increased its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,011 shares of the industrial products company’s stock after purchasing an additional 53 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Rockwell Automation were worth $314,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ROK. OFI Invest Asset Management acquired a new position in Rockwell Automation during the 3rd quarter worth $26,000. Provence Wealth Management Group acquired a new position in Rockwell Automation during the 3rd quarter worth $27,000. Bruce G. Allen Investments LLC acquired a new position in Rockwell Automation during the 4th quarter worth $27,000. BluePath Capital Management LLC purchased a new stake in Rockwell Automation during the 3rd quarter worth about $29,000. Finally, Fortitude Family Office LLC purchased a new stake in Rockwell Automation during the 4th quarter worth about $46,000. 75.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the company. UBS Group raised Rockwell Automation from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $305.00 to $360.00 in a report on Wednesday, January 3rd. Barclays decreased their price target on Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating for the company in a report on Tuesday, April 2nd. Oppenheimer reduced their target price on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. Citigroup reduced their target price on Rockwell Automation from $330.00 to $322.00 and set a “buy” rating for the company in a report on Monday, April 8th. Finally, Berenberg Bank reissued a “hold” rating and issued a $290.00 target price (down from $330.00) on shares of Rockwell Automation in a report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $310.08.

Rockwell Automation Stock Up 1.1 %

ROK opened at $276.38 on Wednesday. The business has a 50 day moving average price of $282.68 and a two-hundred day moving average price of $283.95. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 0.76. The company has a market cap of $31.67 billion, a PE ratio of 26.30, a P/E/G ratio of 2.76 and a beta of 1.43. Rockwell Automation, Inc. has a 52 week low of $252.11 and a 52 week high of $348.52.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.62 by ($0.58). Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the prior year, the company earned $2.46 earnings per share. As a group, research analysts anticipate that Rockwell Automation, Inc. will post 11.98 EPS for the current year.

Rockwell Automation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 13th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.81%. The ex-dividend date is Friday, May 10th. Rockwell Automation’s payout ratio is 47.57%.

Insiders Place Their Bets

In other Rockwell Automation news, VP Scott Genereux sold 500 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $290.00, for a total transaction of $145,000.00. Following the transaction, the vice president now owns 2,383 shares in the company, valued at approximately $691,070. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Brian A. Shepherd sold 637 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $262.87, for a total value of $167,448.19. Following the sale, the vice president now owns 5,088 shares in the company, valued at approximately $1,337,482.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Scott Genereux sold 500 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $290.00, for a total value of $145,000.00. Following the completion of the sale, the vice president now owns 2,383 shares in the company, valued at approximately $691,070. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,877 shares of company stock worth $5,058,772. Company insiders own 0.68% of the company’s stock.

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.