Campbell Wealth Management Makes New $203,000 Investment in Rockwell Automation, Inc. (NYSE:ROK)

Campbell Wealth Management bought a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) during the fourth quarter, HoldingsChannel.com reports. The firm bought 711 shares of the industrial products company’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROK. Accredited Investors Inc. boosted its holdings in Rockwell Automation by 162,058.5% during the third quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company’s stock worth $318,227,000 after buying an additional 1,184,648 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Rockwell Automation by 29,591.7% during the third quarter. International Assets Investment Management LLC now owns 936,178 shares of the industrial products company’s stock worth $251,326,000 after purchasing an additional 933,025 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Rockwell Automation by 33.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company’s stock worth $417,802,000 after purchasing an additional 390,784 shares during the period. DAVENPORT & Co LLC raised its position in shares of Rockwell Automation by 27.9% during the fourth quarter. DAVENPORT & Co LLC now owns 408,336 shares of the industrial products company’s stock worth $116,682,000 after purchasing an additional 88,962 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Rockwell Automation by 6.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,811 shares of the industrial products company’s stock worth $303,041,000 after purchasing an additional 67,684 shares during the period. Institutional investors own 75.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Oppenheimer raised their price target on Rockwell Automation from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Tuesday. Stephens raised Rockwell Automation from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $275.00 to $350.00 in a research report on Thursday, January 16th. Barclays raised their price target on Rockwell Automation from $285.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Tuesday. The Goldman Sachs Group raised their price target on Rockwell Automation from $257.00 to $290.00 and gave the stock a “sell” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. dropped their price target on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 15th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $308.05.

Insider Transactions at Rockwell Automation

In related news, VP Isaac Woods sold 895 shares of the business’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $274.72, for a total value of $245,874.40. Following the completion of the sale, the vice president now directly owns 1,198 shares in the company, valued at $329,114.56. The trade was a 42.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP John M. Miller sold 467 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $284.07, for a total value of $132,660.69. Following the completion of the sale, the vice president now owns 4,800 shares of the company’s stock, valued at $1,363,536. This trade represents a 8.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 35,857 shares of company stock worth $10,678,037. 0.68% of the stock is owned by company insiders.

Rockwell Automation Stock Down 1.1 %

NYSE:ROK opened at $298.51 on Friday. The firm has a market capitalization of $33.74 billion, a price-to-earnings ratio of 36.05, a price-to-earnings-growth ratio of 2.89 and a beta of 1.35. Rockwell Automation, Inc. has a twelve month low of $242.81 and a twelve month high of $308.70. The stock’s 50 day moving average price is $286.23 and its two-hundred day moving average price is $275.65. 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 results on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. Equities research analysts expect that Rockwell Automation, Inc. will post 9.32 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $1.31 per share. The ex-dividend date is Tuesday, February 18th. This represents a $5.24 annualized dividend and a dividend yield of 1.76%. Rockwell Automation’s dividend payout ratio is currently 63.29%.

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.