133 Shares in Rockwell Automation, Inc. (NYSE:ROK) Purchased by Flagship Wealth Advisors LLC

Flagship Wealth Advisors LLC purchased a new position in Rockwell Automation, Inc. (NYSE:ROK) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 133 shares of the industrial products company’s stock, valued at approximately $38,000.

Several other institutional investors also recently modified their holdings of the business. State Street Corp increased its stake in shares of 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 worth $1,247,839,000 after acquiring an additional 11,949 shares in the last quarter. Geode Capital Management LLC increased its stake in Rockwell Automation by 0.5% during the 3rd 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 in the last quarter. Amundi increased its stake in Rockwell Automation by 26.2% during the 4th quarter. Amundi now owns 2,073,594 shares of the industrial products company’s stock valued at $580,095,000 after purchasing an additional 430,498 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Rockwell Automation by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,570,036 shares of the industrial products company’s stock valued at $448,701,000 after purchasing an additional 13,744 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Rockwell Automation by 6.4% during 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 purchasing an additional 67,684 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on ROK. HSBC upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price objective for the company in a research note on Wednesday, December 11th. Morgan Stanley raised their price objective on shares of Rockwell Automation from $335.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Citigroup raised their price objective on shares of Rockwell Automation from $345.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Barclays reduced their price target on shares of Rockwell Automation from $300.00 to $285.00 and set an “equal weight” rating for the company in a research note on Monday, March 10th. Finally, Jefferies Financial Group upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and lifted their price target for the stock from $290.00 to $350.00 in a research note on Thursday, December 12th. Three 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 an average rating of “Hold” and a consensus target price of $307.68.

Rockwell Automation Trading Up 0.6 %

Shares of ROK stock opened at $261.88 on Tuesday. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $308.70. The stock has a market cap of $29.61 billion, a P/E ratio of 32.61, a P/E/G ratio of 3.53 and a beta of 1.39. The business has a fifty day simple moving average of $281.71 and a 200-day simple moving average of $278.78. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. On average, analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were issued a dividend of $1.31 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $5.24 annualized dividend and a yield of 2.00%. Rockwell Automation’s dividend payout ratio is presently 65.26%.

Insiders Place Their Bets

In other Rockwell Automation news, VP Isaac Woods sold 895 shares of the business’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $274.72, for a total transaction of $245,874.40. Following the completion of the transaction, the vice president now owns 1,198 shares in the company, valued at approximately $329,114.56. The trade was a 42.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Tessa M. Myers sold 1,231 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $285.43, for a total value of $351,364.33. Following the completion of the sale, the senior vice president now directly owns 3,650 shares in the company, valued at $1,041,819.50. This represents a 25.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,352 shares of company stock worth $1,246,298 in the last three months. 0.68% of the stock is owned by insiders.

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.