1,885 Shares in Rockwell Automation, Inc. (NYSE:ROK) Bought by AssuredPartners Investment Advisors LLC

AssuredPartners Investment Advisors LLC purchased a new stake in Rockwell Automation, Inc. (NYSE:ROK) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,885 shares of the industrial products company’s stock, valued at approximately $539,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cerity Partners LLC grew its holdings in Rockwell Automation by 2.3% during the third quarter. Cerity Partners LLC now owns 30,626 shares of the industrial products company’s stock worth $8,222,000 after acquiring an additional 676 shares during the period. Larson Financial Group LLC grew its stake in shares of Rockwell Automation by 70.7% during the 3rd quarter. Larson Financial Group LLC now owns 601 shares of the industrial products company’s stock worth $161,000 after purchasing an additional 249 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Rockwell Automation during the 3rd quarter valued at approximately $300,000. DRW Securities LLC acquired a new position in shares of Rockwell Automation in the 3rd quarter valued at $275,000. Finally, Brown Brothers Harriman & Co. boosted its holdings in Rockwell Automation by 19.1% during the third quarter. Brown Brothers Harriman & Co. now owns 512 shares of the industrial products company’s stock worth $137,000 after buying an additional 82 shares in the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Rockwell Automation Stock Down 0.3 %

Shares of NYSE:ROK opened at $268.50 on Friday. Rockwell Automation, Inc. has a 52-week low of $242.81 and a 52-week high of $308.70. The stock has a market cap of $30.36 billion, a P/E ratio of 33.44, a PEG ratio of 3.53 and a beta of 1.39. The business has a fifty day moving average of $279.51 and a two-hundred day moving average of $278.65. 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 released its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. On average, research analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were issued a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Tuesday, February 18th. Rockwell Automation’s dividend payout ratio is presently 65.26%.

Insider Buying and Selling

In other Rockwell Automation news, VP Terry L. Riesterer sold 850 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $300.21, for a total transaction of $255,178.50. Following the completion of the transaction, the vice president now owns 1,633 shares of the company’s stock, valued at $490,242.93. This trade represents a 34.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Tessa M. Myers sold 1,231 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $285.43, for a total transaction 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 trade represents a 25.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,352 shares of company stock worth $1,246,298. Company insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

ROK has been the subject of a number of recent analyst reports. BNP Paribas cut shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 11th. Oppenheimer upped their price target on Rockwell Automation from $300.00 to $320.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. The Goldman Sachs Group raised their price objective on Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a report on Tuesday, February 11th. Wells Fargo & Company boosted their price objective on Rockwell Automation from $315.00 to $337.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Finally, Jefferies Financial Group upgraded Rockwell Automation from a “hold” rating to a “buy” rating and increased their target price for the company from $290.00 to $350.00 in a research report on Thursday, December 12th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Rockwell Automation has an average rating of “Hold” and a consensus price target of $307.42.

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.