Mather Group LLC. Sells 61 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Mather Group LLC. lessened its stake in Rockwell Automation, Inc. (NYSE:ROK) by 8.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 691 shares of the industrial products company’s stock after selling 61 shares during the quarter. Mather Group LLC.’s holdings in Rockwell Automation were worth $214,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Valeo Financial Advisors LLC lifted its holdings in shares of Rockwell Automation by 1.9% during the 4th quarter. Valeo Financial Advisors LLC now owns 1,915 shares of the industrial products company’s stock worth $595,000 after acquiring an additional 35 shares during the period. Bison Wealth LLC boosted its holdings in shares of Rockwell Automation by 3.3% in the 4th quarter. Bison Wealth LLC now owns 1,168 shares of the industrial products company’s stock valued at $363,000 after purchasing an additional 37 shares in the last quarter. Raleigh Capital Management Inc. increased its stake in shares of Rockwell Automation by 24.2% in the 3rd quarter. Raleigh Capital Management Inc. now owns 195 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 38 shares during the last quarter. Cottage Street Advisors LLC raised its holdings in shares of Rockwell Automation by 3.8% during the 4th quarter. Cottage Street Advisors LLC now owns 1,038 shares of the industrial products company’s stock worth $319,000 after buying an additional 38 shares in the last quarter. Finally, XML Financial LLC lifted its position in shares of Rockwell Automation by 2.7% during the 3rd quarter. XML Financial LLC now owns 1,549 shares of the industrial products company’s stock worth $443,000 after buying an additional 40 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on ROK shares. Barclays decreased their target price on Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 2nd. Berenberg Bank reiterated a “hold” rating and set a $290.00 price objective (down from $330.00) on shares of Rockwell Automation in a research report on Wednesday, March 6th. Mizuho cut their target price on shares of Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating on the stock in a research report on Thursday, February 1st. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $254.00 target price on shares of Rockwell Automation in a research note on Thursday, March 21st. Finally, Oppenheimer dropped their price target on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, February 1st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $310.08.

Rockwell Automation Stock Up 1.5 %

Shares of NYSE:ROK opened at $274.05 on Friday. The business has a fifty day simple moving average of $282.21 and a 200 day simple moving average of $283.15. Rockwell Automation, Inc. has a 12-month low of $252.11 and a 12-month high of $348.52. The firm has a market cap of $31.40 billion, a P/E ratio of 26.08, a P/E/G ratio of 2.72 and a beta of 1.43. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 0.76.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.58). Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter last year, the business earned $2.46 earnings per share. Analysts predict that Rockwell Automation, Inc. will post 11.98 earnings per share for the current year.

Rockwell Automation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 13th will be given a $1.25 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.82%. Rockwell Automation’s dividend payout ratio (DPR) is currently 47.57%.

Insider Activity

In related news, SVP Rebecca W. House sold 13,900 shares of Rockwell Automation stock in a transaction on 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 completion of the transaction, the senior vice president now owns 8,482 shares of the company’s stock, valued at $2,400,575.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Rebecca W. House sold 13,900 shares of the stock in a transaction on 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 of the company’s stock, valued at $2,400,575.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Scott Genereux sold 500 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $290.00, for a total value of $145,000.00. Following the completion of the sale, the vice president now directly owns 2,383 shares of the company’s stock, valued at approximately $691,070. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,240 shares of company stock valued at $4,891,324. 0.68% of the stock is currently owned by insiders.

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.