Rockwell Automation, Inc. (NYSE:ROK) Shares Acquired by Addison Capital Co

Addison Capital Co raised its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,274 shares of the industrial products company’s stock after purchasing an additional 159 shares during the period. Addison Capital Co’s holdings in Rockwell Automation were worth $936,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. West Oak Capital LLC boosted its position in shares of Rockwell Automation by 455.6% during the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after buying an additional 82 shares during the period. Bank of Jackson Hole Trust bought a new stake in Rockwell Automation during the 4th quarter valued at $34,000. SBI Securities Co. Ltd. bought a new stake in Rockwell Automation during the 4th quarter valued at $35,000. Darwin Wealth Management LLC acquired a new position in Rockwell Automation during the 3rd quarter worth $34,000. Finally, Knuff & Co LLC grew its stake in shares of Rockwell Automation by 41.0% in the fourth 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.

Analysts Set New Price Targets

ROK has been the subject of several research analyst reports. Morgan Stanley upped their price objective on shares of Rockwell Automation from $335.00 to $345.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. The Goldman Sachs Group increased their price objective on shares of Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a report on Tuesday, February 11th. Barclays dropped their target price on Rockwell Automation from $300.00 to $285.00 and set an “equal weight” rating on the stock in a report on Monday, March 10th. Wells Fargo & Company upped their price objective on Rockwell Automation from $315.00 to $337.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Finally, Jefferies Financial Group raised Rockwell Automation from a “hold” rating to a “buy” rating and raised their target price for the company from $290.00 to $350.00 in a research note on Thursday, December 12th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $307.68.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, SVP Tessa M. Myers sold 1,231 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $285.43, for a total value of $351,364.33. Following the completion of the sale, the senior vice president now owns 3,650 shares in the company, valued at $1,041,819.50. This represents a 25.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Terry L. Riesterer sold 850 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $300.21, for a total transaction of $255,178.50. Following the transaction, the vice president now owns 1,633 shares in the company, valued at approximately $490,242.93. This represents a 34.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,352 shares of company stock valued at $1,246,298 over the last three months. 0.68% of the stock is owned by corporate insiders.

Rockwell Automation Trading Up 1.9 %

NYSE ROK opened at $260.09 on Monday. The firm’s 50 day moving average price is $282.10 and its two-hundred day moving average price is $278.81. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. Rockwell Automation, Inc. has a twelve month low of $242.81 and a twelve month high of $308.70. The stock has a market cap of $29.41 billion, a price-to-earnings ratio of 32.39, a PEG ratio of 3.53 and a beta of 1.39.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, beating 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%. Equities analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were given a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Tuesday, February 18th. Rockwell Automation’s dividend payout ratio (DPR) is 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.