Envestnet Asset Management Inc. Increases Stock Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Envestnet Asset Management Inc. boosted its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 180.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 191,139 shares of the industrial products company’s stock after purchasing an additional 122,890 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Rockwell Automation were worth $54,626,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. West Oak Capital LLC increased its holdings in shares of Rockwell Automation by 455.6% in the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 82 shares during the last quarter. Bank of Jackson Hole Trust acquired a new position in Rockwell Automation during the 4th quarter valued at approximately $34,000. SBI Securities Co. Ltd. acquired a new position in Rockwell Automation during the 4th quarter valued at approximately $35,000. Flagship Wealth Advisors LLC acquired a new position in Rockwell Automation during the 4th quarter valued at approximately $38,000. Finally, Knuff & Co LLC boosted its position in Rockwell Automation by 41.0% during the 4th quarter. Knuff & Co LLC now owns 141 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 41 shares during the period. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Rockwell Automation news, SVP Matheus De A. G. Viera Bulho sold 293 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $257.68, for a total value of $75,500.24. Following the transaction, the senior vice president now directly owns 1,922 shares of the company’s stock, valued at $495,260.96. This represents a 13.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Isaac Woods sold 895 shares of the company’s stock in a transaction dated 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 transaction, the vice president now directly owns 1,198 shares in the company, valued at approximately $329,114.56. The trade was a 42.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,645 shares of company stock valued at $1,321,798. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ROK. The Goldman Sachs Group boosted 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, February 11th. KeyCorp reduced their price target on Rockwell Automation from $345.00 to $275.00 and set an “overweight” rating for the company in a research report on Tuesday. BNP Paribas lowered Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Citigroup boosted their price target on Rockwell Automation from $345.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, Stephens upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $275.00 to $350.00 in a research report on Thursday, January 16th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $301.68.

Rockwell Automation Trading Up 10.6 %

Shares of NYSE ROK opened at $242.26 on Thursday. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $308.70. The company has a market cap of $27.39 billion, a price-to-earnings ratio of 30.17, a P/E/G ratio of 3.53 and a beta of 1.39. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. The business has a fifty day simple moving average of $269.77 and a 200-day simple moving average of $277.06.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. Sell-side analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be paid a $1.31 dividend. This represents a $5.24 annualized dividend and a yield of 2.16%. The ex-dividend date is Monday, May 19th. Rockwell Automation’s dividend payout ratio is currently 65.26%.

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.