671 Shares in Rockwell Automation, Inc. $ROK Purchased by Milestone Asset Management LLC

Milestone Asset Management LLC acquired a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 671 shares of the industrial products company’s stock, valued at approximately $223,000.

A number of other large investors have also added to or reduced their stakes in ROK. Capital Investment Advisors LLC increased its stake in shares of Rockwell Automation by 5.7% in the second quarter. Capital Investment Advisors LLC now owns 2,192 shares of the industrial products company’s stock worth $728,000 after purchasing an additional 119 shares in the last quarter. CWM LLC increased its stake in shares of Rockwell Automation by 3.7% in the first quarter. CWM LLC now owns 2,353 shares of the industrial products company’s stock worth $608,000 after purchasing an additional 84 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Rockwell Automation by 0.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,652 shares of the industrial products company’s stock worth $1,462,000 after purchasing an additional 43 shares in the last quarter. Brighton Jones LLC purchased a new position in shares of Rockwell Automation in the fourth quarter worth about $281,000. Finally, Integrity Alliance LLC. purchased a new position in shares of Rockwell Automation in the first quarter worth about $293,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Rockwell Automation Price Performance

ROK stock opened at $359.97 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $375.02. The stock has a market cap of $40.47 billion, a PE ratio of 42.25, a P/E/G ratio of 3.30 and a beta of 1.41. The firm has a 50 day simple moving average of $348.36 and a two-hundred day simple moving average of $329.83.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.67 by $0.15. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the previous year, the company earned $2.71 EPS. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 17th will be paid a $1.38 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $5.52 dividend on an annualized basis and a yield of 1.5%. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.31. Rockwell Automation’s dividend payout ratio is presently 64.79%.

Insiders Place Their Bets

In other Rockwell Automation news, Director James P. Keane sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $356.06, for a total value of $1,068,180.00. Following the completion of the transaction, the director owned 9,192 shares of the company’s stock, valued at $3,272,903.52. The trade was a 24.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Blake D. Moret sold 24,400 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $350.13, for a total transaction of $8,543,172.00. Following the transaction, the chief executive officer directly owned 83,873 shares in the company, valued at approximately $29,366,453.49. This represents a 22.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 30,375 shares of company stock worth $10,661,109. 0.68% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Barclays boosted their price objective on shares of Rockwell Automation from $357.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. Wells Fargo & Company boosted their price objective on shares of Rockwell Automation from $345.00 to $355.00 and gave the company an “equal weight” rating in a research note on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rockwell Automation in a research note on Wednesday, October 8th. Oppenheimer boosted their price objective on shares of Rockwell Automation from $363.00 to $365.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Finally, Wall Street Zen raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Sunday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Rockwell Automation presently has a consensus rating of “Moderate Buy” and a consensus price target of $347.94.

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.