Rockwell Automation, Inc. (NYSE:ROK) Shares Acquired by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC lifted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 17.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,610 shares of the industrial products company’s stock after buying an additional 382 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in Rockwell Automation were worth $746,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. American Century Companies Inc. grew its stake in Rockwell Automation by 7.5% during the 2nd quarter. American Century Companies Inc. now owns 14,560 shares of the industrial products company’s stock valued at $4,008,000 after purchasing an additional 1,013 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Rockwell Automation by 21.1% during the second quarter. Envestnet Asset Management Inc. now owns 68,893 shares of the industrial products company’s stock worth $18,965,000 after purchasing an additional 11,996 shares during the period. Edgestream Partners L.P. acquired a new position in Rockwell Automation in the 2nd quarter worth approximately $350,000. Mercer Global Advisors Inc. ADV increased its holdings in Rockwell Automation by 9.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 13,092 shares of the industrial products company’s stock worth $3,604,000 after buying an additional 1,169 shares during the period. Finally, MQS Management LLC raised its position in Rockwell Automation by 37.5% during the 2nd quarter. MQS Management LLC now owns 1,057 shares of the industrial products company’s stock worth $291,000 after buying an additional 288 shares during the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Rockwell Automation Stock Up 2.2 %

ROK opened at $287.06 on Friday. The company has a market cap of $32.45 billion, a PE ratio of 34.67, a price-to-earnings-growth ratio of 2.87 and a beta of 1.36. Rockwell Automation, Inc. has a twelve month low of $242.81 and a twelve month high of $307.71. The company has a 50-day moving average price of $287.88 and a 200 day moving average price of $274.25. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.70.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Thursday, November 7th. The industrial products company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.07. The business had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. The business’s revenue was down 20.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.64 earnings per share. Sell-side analysts expect that Rockwell Automation, Inc. will post 9.37 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th were issued a $1.31 dividend. The ex-dividend date was Monday, November 18th. This represents a $5.24 dividend on an annualized basis and a yield of 1.83%. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.25. Rockwell Automation’s dividend payout ratio (DPR) is presently 63.29%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ROK shares. Morgan Stanley increased their price objective on shares of Rockwell Automation from $320.00 to $335.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Wells Fargo & Company increased their price target on Rockwell Automation from $293.00 to $305.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Robert W. Baird boosted their price objective on Rockwell Automation from $290.00 to $305.00 and gave the company an “outperform” rating in a report on Tuesday, November 26th. KeyCorp raised Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 target price on the stock in a report on Monday, December 9th. Finally, BNP Paribas started coverage on Rockwell Automation in a research report on Wednesday, November 13th. They set an “outperform” rating and a $345.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $304.16.

Insiders Place Their Bets

In other Rockwell Automation news, SVP Veena M. Lakkundi sold 579 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $266.86, for a total value of $154,511.94. Following the transaction, the senior vice president now directly owns 4,576 shares of the company’s stock, valued at $1,221,151.36. This trade represents a 11.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP John M. Miller sold 467 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $284.07, for a total value of $132,660.69. Following the completion of the sale, the vice president now owns 4,800 shares of the company’s stock, valued at $1,363,536. This trade represents a 8.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,436 shares of company stock valued at $10,832,549 in the last 90 days. 0.68% of the stock is owned by insiders.

Rockwell Automation Company 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.