McClarren Financial Advisors Inc. Takes $144,000 Position in Rockwell Automation, Inc. (NYSE:ROK)

McClarren Financial Advisors Inc. acquired a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 505 shares of the industrial products company’s stock, valued at approximately $144,000.

Several other institutional investors have also recently modified their holdings of the stock. Prospera Financial Services Inc grew its holdings in Rockwell Automation by 0.9% during the 3rd quarter. Prospera Financial Services Inc now owns 4,033 shares of the industrial products company’s stock valued at $1,083,000 after buying an additional 37 shares during the last quarter. Fortitude Advisory Group L.L.C. lifted its position in shares of Rockwell Automation by 3.8% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company’s stock valued at $309,000 after acquiring an additional 40 shares in the last quarter. Great Valley Advisor Group Inc. boosted its stake in shares of Rockwell Automation by 2.2% during the third quarter. Great Valley Advisor Group Inc. now owns 1,928 shares of the industrial products company’s stock valued at $518,000 after acquiring an additional 42 shares during the last quarter. Richardson Financial Services Inc. increased its position in Rockwell Automation by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 48 shares in the last quarter. Finally, Moran Wealth Management LLC raised its stake in Rockwell Automation by 2.1% in the 3rd quarter. Moran Wealth Management LLC now owns 2,342 shares of the industrial products company’s stock valued at $629,000 after purchasing an additional 48 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ROK has been the topic of several analyst reports. Wells Fargo & Company raised their price target on shares of Rockwell Automation from $315.00 to $337.00 and gave the stock an “overweight” rating in a research note on Tuesday. Morgan Stanley raised their target price on shares of Rockwell Automation from $335.00 to $345.00 and gave the stock an “overweight” rating in a research report on Wednesday. The Goldman Sachs Group boosted their price target on Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a report on Tuesday. JPMorgan Chase & Co. decreased their price objective on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a report on Wednesday, January 15th. Finally, Mizuho lifted their price objective on Rockwell Automation from $245.00 to $270.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $308.05.

Rockwell Automation Price Performance

ROK opened at $302.01 on Thursday. The company has a 50 day moving average of $286.07 and a two-hundred day moving average of $275.47. Rockwell Automation, Inc. has a 52-week low of $242.81 and a 52-week high of $308.70. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.70. The company has a market cap of $34.14 billion, a P/E ratio of 36.47, a P/E/G ratio of 2.89 and a beta of 1.35.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. On average, analysts expect that Rockwell Automation, Inc. will post 9.32 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be given a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Tuesday, February 18th. Rockwell Automation’s dividend payout ratio (DPR) is presently 63.29%.

Insiders Place Their Bets

In related news, VP John M. Miller sold 467 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $284.07, for a total value of $132,660.69. Following the transaction, the vice president now owns 4,800 shares in the company, valued at approximately $1,363,536. The trade was a 8.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Isaac Woods sold 895 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $274.72, for a total value of $245,874.40. Following the sale, the vice president now owns 1,198 shares of the company’s stock, valued at approximately $329,114.56. This trade represents a 42.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,857 shares of company stock worth $10,678,037 in the last 90 days. 0.68% of the stock is owned by company 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.