Rockwell Automation, Inc. (NYSE:ROK) Shares Purchased by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. raised its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 0.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 9,691 shares of the industrial products company’s stock after acquiring an additional 45 shares during the period. Atria Wealth Solutions Inc.’s holdings in Rockwell Automation were worth $2,770,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Prospera Financial Services Inc increased its stake in Rockwell Automation by 0.9% in the third quarter. Prospera Financial Services Inc now owns 4,033 shares of the industrial products company’s stock valued at $1,083,000 after purchasing an additional 37 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings in Rockwell Automation by 0.9% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company’s stock valued at $1,199,000 after buying an additional 38 shares during the period. Fortitude Advisory Group L.L.C. increased its stake in shares of Rockwell Automation by 3.8% during the 4th 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 during the last quarter. Great Valley Advisor Group Inc. lifted its holdings in shares of Rockwell Automation by 2.2% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,928 shares of the industrial products company’s stock worth $518,000 after acquiring an additional 42 shares during the period. Finally, Richardson Financial Services Inc. boosted its position in shares of Rockwell Automation by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Performance

Rockwell Automation stock opened at $294.95 on Friday. Rockwell Automation, Inc. has a 12-month low of $242.81 and a 12-month high of $308.70. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. The company has a market capitalization of $33.35 billion, a price-to-earnings ratio of 36.73, a price-to-earnings-growth ratio of 3.49 and a beta of 1.35. The firm’s fifty day moving average price is $286.35 and its 200 day moving average price is $276.84.

Rockwell Automation (NYSE:ROK) last announced its 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, research analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be given a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Tuesday, February 18th. Rockwell Automation’s payout ratio is 65.26%.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, VP Terry L. Riesterer sold 850 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $300.21, for a total transaction of $255,178.50. Following the transaction, the vice president now directly owns 1,633 shares in the company, valued at $490,242.93. This represents a 34.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Blake D. Moret sold 26,700 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $298.63, for a total transaction of $7,973,421.00. Following the completion of the sale, the chief executive officer now directly owns 78,115 shares of the company’s stock, valued at $23,327,482.45. The trade was a 25.47 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,240 shares of company stock valued at $10,800,555. 0.68% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ROK has been the subject of several research analyst reports. Robert W. Baird upped their price target on shares of Rockwell Automation from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. 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 report on Thursday, January 16th. HSBC raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 target price on the stock in a research report on Wednesday, December 11th. UBS Group assumed coverage on Rockwell Automation in a research report on Wednesday, November 13th. They set a “neutral” rating and a $313.00 price target for the company. Finally, Barclays raised their price objective on Rockwell Automation from $285.00 to $300.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $308.05.

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.