&Partners Buys New Shares in Rockwell Automation, Inc. (NYSE:ROK)

&Partners bought a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,036 shares of the industrial products company’s stock, valued at approximately $285,000.

Other large investors have also bought and sold shares of the company. Pathway Financial Advisers LLC bought a new stake in shares of Rockwell Automation during the first quarter valued at approximately $26,000. Riverview Trust Co bought a new stake in Rockwell Automation during the first quarter worth $28,000. Bfsg LLC bought a new stake in Rockwell Automation during the first quarter worth $29,000. ESL Trust Services LLC bought a new stake in Rockwell Automation during the first quarter worth $29,000. Finally, Security National Bank bought a new stake in Rockwell Automation during the fourth quarter worth $40,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ROK has been the subject of several recent research reports. Citigroup decreased their price target on Rockwell Automation from $322.00 to $316.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Barclays decreased their price target on Rockwell Automation from $250.00 to $245.00 and set an “underweight” rating for the company in a report on Wednesday, July 10th. JPMorgan Chase & Co. cut their price objective on Rockwell Automation from $245.00 to $227.00 and set an “underweight” rating on the stock in a research report on Monday, August 12th. TD Cowen cut their price objective on Rockwell Automation from $220.00 to $215.00 and set a “sell” rating on the stock in a research report on Thursday, August 8th. Finally, Redburn Atlantic started coverage on Rockwell Automation in a research report on Monday, July 8th. They issued a “neutral” rating and a $256.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $280.14.

Rockwell Automation Stock Up 3.0 %

Shares of NYSE ROK opened at $270.98 on Monday. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $317.74. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.11 and a quick ratio of 0.74. The business’s fifty day moving average price is $266.52 and its 200-day moving average price is $272.57. The stock has a market capitalization of $30.89 billion, a PE ratio of 26.49, a P/E/G ratio of 4.71 and a beta of 1.37.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.63. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Rockwell Automation had a return on equity of 34.83% and a net margin of 13.19%. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.01 EPS. On average, equities research analysts anticipate that Rockwell Automation, Inc. will post 10.07 EPS for the current year.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 12th will be issued a dividend of $1.25 per share. The ex-dividend date is Monday, August 12th. This represents a $5.00 dividend on an annualized basis and a yield of 1.85%. Rockwell Automation’s dividend payout ratio (DPR) is 48.88%.

Insider Buying and Selling

In related news, SVP Tessa M. Myers sold 248 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $256.37, for a total transaction of $63,579.76. Following the sale, the senior vice president now owns 4,246 shares of the company’s stock, valued at approximately $1,088,547.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Rockwell Automation news, SVP Tessa M. Myers sold 528 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $253.78, for a total value of $133,995.84. Following the transaction, the senior vice president now directly owns 3,718 shares in the company, valued at approximately $943,554.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Tessa M. Myers sold 248 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $256.37, for a total value of $63,579.76. Following the completion of the transaction, the senior vice president now owns 4,246 shares in the company, valued at $1,088,547.02. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,732 shares of company stock valued at $445,133. Corporate 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.