Brookstone Capital Management Has $529,000 Position in Rockwell Automation, Inc. (NYSE:ROK)

Brookstone Capital Management increased its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 69.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,815 shares of the industrial products company’s stock after acquiring an additional 742 shares during the period. Brookstone Capital Management’s holdings in Rockwell Automation were worth $529,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC acquired a new position in shares of Rockwell Automation during the 3rd quarter worth $11,952,000. Axxcess Wealth Management LLC acquired a new position in Rockwell Automation during the third quarter worth about $734,000. Alps Advisors Inc. lifted its holdings in shares of Rockwell Automation by 4.4% in the third quarter. Alps Advisors Inc. now owns 1,148 shares of the industrial products company’s stock worth $328,000 after acquiring an additional 48 shares during the last quarter. Lido Advisors LLC boosted its stake in shares of Rockwell Automation by 4.0% in the 3rd quarter. Lido Advisors LLC now owns 1,057 shares of the industrial products company’s stock valued at $302,000 after purchasing an additional 41 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Rockwell Automation by 2.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,752,223 shares of the industrial products company’s stock valued at $786,778,000 after purchasing an additional 70,272 shares during the last quarter. 75.75% of the stock is owned by institutional investors.

Rockwell Automation Stock Performance

Shares of ROK opened at $275.28 on Monday. The firm’s fifty day simple moving average is $266.26 and its two-hundred day simple moving average is $281.52. Rockwell Automation, Inc. has a 12 month low of $249.00 and a 12 month high of $348.52. The company has a current ratio of 1.11, a quick ratio of 0.74 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $31.38 billion, a P/E ratio of 26.91, a price-to-earnings-growth ratio of 4.30 and a beta of 1.37.

Rockwell Automation (NYSE:ROK) last released its earnings results on Wednesday, May 8th. The industrial products company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.15 by $0.35. Rockwell Automation had a return on equity of 34.83% and a net margin of 13.19%. The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter last year, the firm posted $3.01 earnings per share. The firm’s revenue was down 6.6% on a year-over-year basis. As a group, analysts predict that Rockwell Automation, Inc. will post 10.15 EPS for the current year.

Rockwell Automation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 12th will be given 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 dividend yield of 1.82%. Rockwell Automation’s payout ratio is presently 48.88%.

Insider Buying and Selling

In other Rockwell Automation news, SVP Tessa M. Myers sold 528 shares of Rockwell Automation stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $253.78, for a total value of $133,995.84. Following the completion of the sale, the senior vice president now directly owns 3,718 shares of the company’s stock, valued at $943,554.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Rockwell Automation news, VP John M. Miller sold 467 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $273.27, for a total transaction of $127,617.09. Following the completion of the sale, the vice president now owns 4,800 shares in the company, valued at approximately $1,311,696. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tessa M. Myers sold 528 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $253.78, for a total transaction of $133,995.84. Following the completion of the transaction, the senior vice president now directly owns 3,718 shares in the company, valued at $943,554.04. The disclosure for this sale can be found here. Insiders have sold a total of 2,199 shares of company stock valued at $572,750 over the last ninety days. 0.68% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ROK has been the topic of a number of research analyst reports. Wells Fargo & Company cut their target price on shares of Rockwell Automation from $320.00 to $312.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. Citigroup lowered their target price on Rockwell Automation from $322.00 to $316.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Robert W. Baird cut their price target on Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $254.00 price objective on shares of Rockwell Automation in a research note on Thursday, March 21st. Finally, Berenberg Bank reiterated a “hold” rating and set a $290.00 target price (down from $330.00) on shares of Rockwell Automation in a research report on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $305.08.

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.