Kelly Financial Services LLC Acquires 46 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Kelly Financial Services LLC boosted its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 4.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,096 shares of the industrial products company’s stock after buying an additional 46 shares during the period. Kelly Financial Services LLC’s holdings in Rockwell Automation were worth $283,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ROK. Norges Bank acquired a new stake in shares of Rockwell Automation during the fourth quarter worth about $284,177,000. GAMMA Investing LLC lifted its position in shares of Rockwell Automation by 29,844.4% in the first quarter. GAMMA Investing LLC now owns 702,794 shares of the industrial products company’s stock valued at $181,588,000 after buying an additional 700,447 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Rockwell Automation by 85,513.1% in the fourth quarter. Wellington Management Group LLP now owns 675,487 shares of the industrial products company’s stock valued at $193,047,000 after purchasing an additional 674,698 shares during the period. Alliancebernstein L.P. grew its position in shares of Rockwell Automation by 102.3% in the fourth quarter. Alliancebernstein L.P. now owns 1,287,731 shares of the industrial products company’s stock valued at $368,021,000 after purchasing an additional 651,116 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Rockwell Automation by 6.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,115,280 shares of the industrial products company’s stock valued at $2,033,476,000 after acquiring an additional 432,934 shares during the period. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Trading Down 0.1%

Shares of ROK stock opened at $325.06 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $328.90. The stock has a market capitalization of $36.64 billion, a price-to-earnings ratio of 40.48, a PEG ratio of 3.53 and a beta of 1.38. The company’s fifty day simple moving average is $275.52 and its two-hundred day simple moving average is $279.56.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.09 by $0.36. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period last year, the firm earned $2.50 EPS. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. As a group, analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th were issued a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Monday, May 19th. Rockwell Automation’s payout ratio is 65.99%.

Insider Transactions at Rockwell Automation

In other news, VP Terry L. Riesterer sold 2,500 shares of the firm’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $304.13, for a total value of $760,325.00. Following the completion of the sale, the vice president now directly owns 1,033 shares of the company’s stock, valued at approximately $314,166.29. This trade represents a 70.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Tessa M. Myers sold 363 shares of Rockwell Automation stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $326.32, for a total transaction of $118,454.16. Following the completion of the transaction, the senior vice president now directly owns 4,063 shares of the company’s stock, valued at $1,325,838.16. This trade represents a 8.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,681 shares of company stock valued at $2,382,987. Insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Citigroup upped their target price on Rockwell Automation from $327.00 to $371.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. increased their target price on shares of Rockwell Automation from $271.00 to $299.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. BNP Paribas raised Rockwell Automation from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 9th. Oppenheimer lifted their target price on Rockwell Automation from $258.00 to $304.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Finally, Wells Fargo & Company boosted their target price on shares of Rockwell Automation from $265.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $316.21.

Rockwell Automation 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.