Rockwell Automation, Inc. (NYSE:ROK) Stock Holdings Trimmed by Clarius Group LLC

Clarius Group LLC lowered its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 9.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,159 shares of the industrial products company’s stock after selling 117 shares during the quarter. Clarius Group LLC’s holdings in Rockwell Automation were worth $331,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Prospera Financial Services Inc raised its position in shares of 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 acquiring an additional 37 shares in the last quarter. Great Valley Advisor Group Inc. increased its stake in 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 purchasing an additional 42 shares during the last quarter. Second Line Capital LLC raised its holdings in shares of Rockwell Automation by 5.1% during the second quarter. Second Line Capital LLC now owns 963 shares of the industrial products company’s stock worth $265,000 after purchasing an additional 47 shares during the period. Richardson Financial Services Inc. lifted its position in shares of Rockwell Automation by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock worth $26,000 after buying an additional 48 shares during the last quarter. Finally, Moran Wealth Management LLC boosted its holdings in shares of 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 buying an additional 48 shares during the period. Institutional investors own 75.75% of the company’s stock.

Wall Street Analysts Forecast Growth

ROK has been the topic of a number of recent research reports. Mizuho raised their target price on shares of Rockwell Automation from $245.00 to $270.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Morgan Stanley raised their price target on Rockwell Automation from $320.00 to $335.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Stephens upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $275.00 to $350.00 in a research note on Thursday. Jefferies Financial Group upgraded Rockwell Automation from a “hold” rating to a “buy” rating and raised their target price for the company from $290.00 to $350.00 in a research note on Thursday, December 12th. Finally, Citigroup upped their price target on shares of Rockwell Automation from $313.00 to $345.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Rockwell Automation has a consensus rating of “Hold” and a consensus target price of $304.16.

Rockwell Automation Trading Up 2.2 %

Shares of ROK stock opened at $287.06 on Monday. The stock has a 50-day simple moving average of $287.88 and a 200 day simple moving average of $274.32. The stock has a market capitalization of $32.45 billion, a P/E ratio of 34.67, a P/E/G ratio of 2.87 and a beta of 1.36. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $307.71. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.70.

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

Rockwell Automation Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were paid a dividend of $1.31 per share. The ex-dividend date of this dividend was Monday, November 18th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.25. This represents a $5.24 annualized dividend and a dividend yield of 1.83%. Rockwell Automation’s dividend payout ratio (DPR) is currently 63.29%.

Insider Buying and Selling

In related news, VP Scott Genereux sold 279 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $296.13, for a total value of $82,620.27. Following the completion of the sale, the vice president now owns 2,891 shares in the company, valued at approximately $856,111.83. This represents a 8.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Veena M. Lakkundi sold 579 shares of Rockwell Automation stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $266.86, for a total transaction of $154,511.94. Following the transaction, the senior vice president now owns 4,576 shares in the company, valued at approximately $1,221,151.36. The trade was a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,436 shares of company stock worth $10,832,549 in the last three months. 0.68% of the stock is currently 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.