MGO One Seven LLC Takes $301,000 Position in Rockwell Automation, Inc. (NYSE:ROK)

MGO One Seven LLC purchased a new position in Rockwell Automation, Inc. (NYSE:ROK) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,053 shares of the industrial products company’s stock, valued at approximately $301,000.

A number of other institutional investors have also added to or reduced their stakes in the company. West Oak Capital LLC increased its stake 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 worth $29,000 after acquiring an additional 82 shares in the last quarter. Bank of Jackson Hole Trust purchased a new stake in Rockwell Automation in the fourth quarter worth about $34,000. SBI Securities Co. Ltd. bought a new position in shares of Rockwell Automation during the fourth quarter valued at approximately $35,000. Flagship Wealth Advisors LLC purchased a new position in shares of Rockwell Automation during the fourth quarter valued at approximately $38,000. Finally, Knuff & Co LLC boosted its position in shares of Rockwell Automation by 41.0% in the 4th quarter. Knuff & Co LLC now owns 141 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 41 shares in the last quarter. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Price Performance

NYSE ROK opened at $247.63 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. The business’s fifty day moving average is $254.98 and its 200 day moving average is $274.09. The company has a market capitalization of $28.00 billion, a PE ratio of 30.84, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $308.70.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 earnings per share for the current year.

Rockwell Automation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be given a dividend of $1.31 per share. The ex-dividend date is Monday, May 19th. This represents a $5.24 dividend on an annualized basis and a yield of 2.12%. Rockwell Automation’s dividend payout ratio (DPR) is presently 65.26%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ROK shares. Loop Capital lifted their price objective on Rockwell Automation from $260.00 to $280.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. Citigroup dropped their price target on shares of Rockwell Automation from $350.00 to $283.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company raised their price objective on shares of Rockwell Automation from $315.00 to $337.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Morgan Stanley increased their price target on shares of Rockwell Automation from $335.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Finally, Barclays decreased their price objective on shares of Rockwell Automation from $280.00 to $260.00 and set an “equal weight” rating for the company in a report on Thursday, April 10th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $297.11.

Insider Transactions at Rockwell Automation

In related news, VP Scott Genereux sold 500 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $290.14, for a total transaction of $145,070.00. Following the completion of the transaction, the vice president now owns 1,905 shares in the company, valued at $552,716.70. The trade was a 20.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Matheus De A. G. Viera Bulho sold 293 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $257.68, for a total transaction of $75,500.24. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,750 shares of company stock worth $1,075,923. 0.68% of the stock is currently owned by company 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.