RWA Wealth Partners LLC Buys 1,033 Shares of Rockwell Automation, Inc. (NYSE:ROK)

RWA Wealth Partners LLC raised its stake in Rockwell Automation, Inc. (NYSE:ROK) by 45.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,322 shares of the industrial products company’s stock after buying an additional 1,033 shares during the period. RWA Wealth Partners LLC’s holdings in Rockwell Automation were worth $949,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Rockwell Automation by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 13,876,530 shares of the industrial products company’s stock valued at $3,965,774,000 after acquiring an additional 81,079 shares during the last quarter. State Street Corp boosted its holdings in shares of Rockwell Automation by 0.3% in the 3rd quarter. State Street Corp now owns 4,648,137 shares of the industrial products company’s stock worth $1,247,839,000 after purchasing an additional 11,949 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Rockwell Automation by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,683,202 shares of the industrial products company’s stock valued at $717,865,000 after purchasing an additional 14,040 shares during the last quarter. Amundi raised its holdings in shares of Rockwell Automation by 26.2% during the 4th quarter. Amundi now owns 2,073,594 shares of the industrial products company’s stock valued at $580,095,000 after buying an additional 430,498 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Rockwell Automation by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,570,036 shares of the industrial products company’s stock worth $448,701,000 after buying an additional 13,744 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ROK shares. The Goldman Sachs Group increased their price target on shares of Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a research report on Tuesday, February 11th. Oppenheimer lifted their target price on shares of Rockwell Automation from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Citigroup upped their price target on shares of Rockwell Automation from $345.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. decreased their price objective on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a report on Wednesday, January 15th. Finally, Wells Fargo & Company raised their price target on Rockwell Automation from $315.00 to $337.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $307.42.

Rockwell Automation Price Performance

ROK opened at $258.42 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The company has a market cap of $29.22 billion, a price-to-earnings ratio of 32.18, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. The stock has a fifty day simple moving average of $278.36 and a two-hundred day simple moving average of $278.91. Rockwell Automation, Inc. has a 12-month low of $242.81 and a 12-month high of $308.70.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (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%. Research analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently declared 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 was Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.03%. Rockwell Automation’s dividend payout ratio is currently 65.26%.

Insider Buying and Selling

In related news, VP Scott Genereux sold 500 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $290.14, for a total transaction of $145,070.00. Following the sale, the vice president now directly owns 1,905 shares of the company’s stock, valued at approximately $552,716.70. This represents a 20.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Tessa M. Myers sold 1,231 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $285.43, for a total transaction of $351,364.33. Following the sale, the senior vice president now owns 3,650 shares of the company’s stock, valued at approximately $1,041,819.50. This represents a 25.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,352 shares of company stock worth $1,246,298 in the last 90 days. 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.