Kestra Private Wealth Services LLC Boosts Stock Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Kestra Private Wealth Services LLC lifted its stake in Rockwell Automation, Inc. (NYSE:ROK) by 82.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,135 shares of the industrial products company’s stock after purchasing an additional 968 shares during the period. Kestra Private Wealth Services LLC’s holdings in Rockwell Automation were worth $663,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. OFI Invest Asset Management purchased a new position in shares of Rockwell Automation in the 3rd quarter valued at about $26,000. Provence Wealth Management Group purchased a new position in Rockwell Automation in the third quarter worth approximately $27,000. Bruce G. Allen Investments LLC acquired a new position in Rockwell Automation during the 4th quarter worth approximately $27,000. BluePath Capital Management LLC purchased a new stake in shares of Rockwell Automation in the 3rd quarter valued at approximately $29,000. Finally, Fortitude Family Office LLC acquired a new stake in shares of Rockwell Automation in the 4th quarter valued at $46,000. 75.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ROK. Citigroup cut their price target on Rockwell Automation from $330.00 to $322.00 and set a “buy” rating on the stock in a research note on Monday, April 8th. Wells Fargo & Company lowered their price target on Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating for the company in a report on Thursday, February 1st. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $254.00 price target on shares of Rockwell Automation in a research note on Thursday, March 21st. Berenberg Bank restated a “hold” rating and set a $290.00 price objective (down previously from $330.00) on shares of Rockwell Automation in a research report on Wednesday, March 6th. Finally, Oppenheimer dropped their target price on shares of Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $310.08.

Rockwell Automation Price Performance

Shares of NYSE:ROK opened at $274.05 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.25. Rockwell Automation, Inc. has a one year low of $252.11 and a one year high of $348.52. The company has a 50-day simple moving average of $282.09 and a 200-day simple moving average of $283.03. The stock has a market capitalization of $31.40 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 2.77 and a beta of 1.43.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 13th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Friday, May 10th. Rockwell Automation’s dividend payout ratio is presently 47.57%.

Insiders Place Their Bets

In other news, SVP Rebecca W. House sold 13,900 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $283.02, for a total transaction of $3,933,978.00. Following the completion of the sale, the senior vice president now owns 8,482 shares in the company, valued at $2,400,575.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Rebecca W. House sold 13,900 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $283.02, for a total transaction of $3,933,978.00. Following the transaction, the senior vice president now directly owns 8,482 shares in the company, valued at $2,400,575.64. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Scott Genereux sold 500 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $280.52, for a total transaction of $140,260.00. Following the completion of the sale, the vice president now owns 4,383 shares of the company’s stock, valued at approximately $1,229,519.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,240 shares of company stock valued at $4,891,324. 0.68% of the stock is owned by company insiders.

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.