Rockwell Automation, Inc. (NYSE:ROK) Shares Bought by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC grew its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 12.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 946 shares of the industrial products company’s stock after buying an additional 105 shares during the period. Signal Advisors Wealth LLC’s holdings in Rockwell Automation were worth $270,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp raised its holdings in 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 valued at $1,247,839,000 after acquiring an additional 11,949 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Rockwell Automation by 0.5% in the third 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. Charles Schwab Investment Management Inc. lifted its position in Rockwell Automation by 33.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company’s stock worth $417,802,000 after buying an additional 390,784 shares in the last quarter. Accredited Investors Inc. boosted its stake in Rockwell Automation by 162,058.5% during the third quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company’s stock worth $318,227,000 after buying an additional 1,184,648 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Rockwell Automation by 6.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,811 shares of the industrial products company’s stock valued at $303,041,000 after buying an additional 67,684 shares in the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on ROK. Mizuho lifted their price target on Rockwell Automation from $245.00 to $270.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Citigroup lifted their target price on shares of Rockwell Automation from $313.00 to $345.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Morgan Stanley increased their price target on shares of Rockwell Automation from $320.00 to $335.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Wells Fargo & Company lifted their price target on shares of Rockwell Automation from $293.00 to $305.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Finally, Jefferies Financial Group upgraded Rockwell Automation from a “hold” rating to a “buy” rating and increased their price objective for the stock from $290.00 to $350.00 in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Rockwell Automation presently has a consensus rating of “Hold” and an average price target of $301.61.

Rockwell Automation Stock Down 0.4 %

Shares of NYSE:ROK opened at $275.85 on Thursday. The firm’s 50-day moving average is $287.86 and its two-hundred day moving average is $274.04. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.08 and a quick ratio of 0.72. Rockwell Automation, Inc. has a 1 year low of $242.81 and a 1 year high of $307.71. The firm has a market capitalization of $31.18 billion, a PE ratio of 33.32, a price-to-earnings-growth ratio of 3.12 and a beta of 1.36.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Thursday, November 7th. The industrial products company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.07. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the prior year, the firm earned $3.64 EPS. The firm’s revenue for the quarter was down 20.6% on a year-over-year basis. Analysts predict that Rockwell Automation, Inc. will post 9.37 EPS for the current year.

Rockwell Automation Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were issued a $1.31 dividend. The ex-dividend date of this dividend was Monday, November 18th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.25. This represents a $5.24 dividend on an annualized basis and a yield of 1.90%. Rockwell Automation’s dividend payout ratio (DPR) is 63.29%.

Insider Buying and Selling

In other news, VP Scott Genereux sold 278 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $302.04, for a total transaction of $83,967.12. Following the completion of the transaction, the vice president now directly owns 3,184 shares of the company’s stock, valued at approximately $961,695.36. The trade was a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Veena M. Lakkundi sold 579 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $266.86, for a total transaction of $154,511.94. Following the completion of the sale, the senior vice president now directly owns 4,576 shares in the company, valued at approximately $1,221,151.36. This trade represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,436 shares of company stock valued at $10,832,549 in the last three months. 0.68% of the stock is owned by corporate insiders.

About Rockwell Automation

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.