AdvisorNet Financial Inc Has $255,000 Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

AdvisorNet Financial Inc cut its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 21.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 891 shares of the industrial products company’s stock after selling 247 shares during the quarter. AdvisorNet Financial Inc’s holdings in Rockwell Automation were worth $255,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Accredited Investors Inc. boosted its position in shares of Rockwell Automation by 162,058.5% during the 3rd quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company’s stock worth $318,227,000 after purchasing an additional 1,184,648 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Rockwell Automation by 29,591.7% in the third quarter. International Assets Investment Management LLC now owns 936,178 shares of the industrial products company’s stock worth $251,326,000 after acquiring an additional 933,025 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Rockwell Automation by 33.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company’s stock valued at $417,802,000 after acquiring an additional 390,784 shares during the period. Electron Capital Partners LLC increased its holdings in shares of Rockwell Automation by 484.5% during the second quarter. Electron Capital Partners LLC now owns 412,371 shares of the industrial products company’s stock valued at $104,779,000 after acquiring an additional 341,814 shares in the last quarter. Finally, Interval Partners LP raised its position in shares of Rockwell Automation by 479,608.6% during the second quarter. Interval Partners LP now owns 335,656 shares of the industrial products company’s stock worth $92,399,000 after purchasing an additional 335,726 shares during the period. 75.75% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, 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 value of $154,511.94. Following the completion of the transaction, the senior vice president now directly owns 4,576 shares of the company’s stock, valued at approximately $1,221,151.36. This trade represents a 11.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John M. Miller sold 467 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $284.07, for a total transaction of $132,660.69. Following the sale, the vice president now directly owns 4,800 shares in the company, valued at $1,363,536. The trade was a 8.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,436 shares of company stock worth $10,832,549 over the last quarter. 0.68% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Robert W. Baird lifted their price target on shares of Rockwell Automation from $290.00 to $305.00 and gave the company an “outperform” rating in a research report on Tuesday, November 26th. Wells Fargo & Company boosted their target price on shares of Rockwell Automation from $293.00 to $305.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. BNP Paribas initiated coverage on shares of Rockwell Automation in a report on Wednesday, November 13th. They issued an “outperform” rating and a $345.00 target price on the stock. KeyCorp upgraded Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price target for the company in a research note on Monday, December 9th. Finally, Jefferies Financial Group raised 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 note on Thursday, December 12th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $304.16.

Rockwell Automation Trading Up 1.8 %

NYSE:ROK opened at $281.02 on Friday. Rockwell Automation, Inc. has a 12 month low of $242.81 and a 12 month high of $307.71. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70. The firm’s 50 day moving average is $287.50 and its 200 day moving average is $274.05. The stock has a market capitalization of $31.76 billion, a PE ratio of 33.94, a price-to-earnings-growth ratio of 2.87 and a beta of 1.36.

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

Rockwell Automation Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th were issued a dividend of $1.31 per share. The ex-dividend date was Monday, November 18th. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.25. This represents a $5.24 annualized dividend and a yield of 1.86%. Rockwell Automation’s dividend payout ratio is 63.29%.

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.