Roberts Wealth Advisors LLC Takes $1.69 Million Position in Rockwell Automation, Inc. (NYSE:ROK)

Roberts Wealth Advisors LLC acquired a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,901 shares of the industrial products company’s stock, valued at approximately $1,687,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC raised its holdings in shares of Rockwell Automation by 4.6% during the third quarter. O Shaughnessy Asset Management LLC now owns 7,001 shares of the industrial products company’s stock worth $2,001,000 after acquiring an additional 306 shares in the last quarter. Mutual Advisors LLC raised its stake in shares of Rockwell Automation by 5.4% during the 3rd quarter. Mutual Advisors LLC now owns 1,973 shares of the industrial products company’s stock worth $564,000 after purchasing an additional 101 shares in the last quarter. Gotham Asset Management LLC lifted its holdings in shares of Rockwell Automation by 15.2% during the 3rd quarter. Gotham Asset Management LLC now owns 16,483 shares of the industrial products company’s stock valued at $4,712,000 after buying an additional 2,179 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of Rockwell Automation in the 3rd quarter valued at approximately $11,952,000. Finally, Jones Financial Companies Lllp increased its holdings in Rockwell Automation by 431.7% in the third quarter. Jones Financial Companies Lllp now owns 335 shares of the industrial products company’s stock worth $96,000 after buying an additional 272 shares during the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Tessa M. Myers sold 528 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $253.78, for a total value of $133,995.84. Following the completion of the transaction, the senior vice president now directly owns 3,718 shares of the company’s stock, valued at $943,554.04. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Rockwell Automation news, SVP Tessa M. Myers sold 528 shares of Rockwell Automation stock in a transaction on Tuesday, June 11th. The stock was 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 of the company’s stock, valued at $943,554.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Tessa M. Myers sold 248 shares of Rockwell Automation stock in a transaction on Friday, June 7th. The shares were sold at an average price of $256.37, for a total value of $63,579.76. Following the transaction, the senior vice president now directly owns 4,246 shares of the company’s stock, valued at $1,088,547.02. The disclosure for this sale can be found here. Insiders 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 company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ROK shares. Mizuho dropped their price objective on Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Loop Capital dropped their price objective on Rockwell Automation from $300.00 to $290.00 and set a “hold” rating on the stock in a report on Tuesday, May 14th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $254.00 price objective on shares of Rockwell Automation in a report on Thursday, March 21st. Citigroup dropped their price objective on Rockwell Automation from $322.00 to $316.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Finally, Barclays dropped their price objective on Rockwell Automation from $260.00 to $250.00 and set an “underweight” rating on the stock in a report on Tuesday, June 4th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Rockwell Automation presently has a consensus rating of “Hold” and a consensus price target of $305.08.

Rockwell Automation Stock Up 2.8 %

ROK opened at $275.28 on Monday. Rockwell Automation, Inc. has a 1-year low of $249.00 and a 1-year 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 price-to-earnings ratio of 26.91, a P/E/G ratio of 4.55 and a beta of 1.37. The business has a 50 day moving average of $266.26 and a 200-day moving average of $281.52.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $2.50 earnings per share for the quarter, beating 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 company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the prior year, the business earned $3.01 earnings per share. Rockwell Automation’s revenue for the quarter was down 6.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Rockwell Automation, Inc. will post 10.15 earnings per share for the current year.

Rockwell Automation Announces Dividend

The company 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 $1.25 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $5.00 annualized dividend and a yield of 1.82%. Rockwell Automation’s dividend payout ratio (DPR) is currently 48.88%.

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.