Rockwell Automation, Inc. (NYSE:ROK) Shares Bought by Lindbrook Capital LLC

Lindbrook Capital LLC grew its position in Rockwell Automation, Inc. (NYSE:ROK) by 9.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 707 shares of the industrial products company’s stock after purchasing an additional 63 shares during the quarter. Lindbrook Capital LLC’s holdings in Rockwell Automation were worth $220,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. abrdn plc lifted its holdings in Rockwell Automation by 28.8% during the 4th quarter. abrdn plc now owns 101,777 shares of the industrial products company’s stock worth $31,600,000 after buying an additional 22,757 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its stake in Rockwell Automation by 19.1% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 32,038 shares of the industrial products company’s stock worth $9,947,000 after purchasing an additional 5,128 shares during the last quarter. Ninety One North America Inc. boosted its holdings in Rockwell Automation by 50.4% in the fourth quarter. Ninety One North America Inc. now owns 22,391 shares of the industrial products company’s stock valued at $6,952,000 after purchasing an additional 7,499 shares in the last quarter. Federated Hermes Inc. increased its stake in Rockwell Automation by 17.8% in the fourth quarter. Federated Hermes Inc. now owns 96,113 shares of the industrial products company’s stock valued at $29,841,000 after purchasing an additional 14,504 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Rockwell Automation by 90.3% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 255 shares of the industrial products company’s stock worth $79,000 after purchasing an additional 121 shares in the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Brian A. Shepherd sold 637 shares of Rockwell Automation stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $262.87, for a total transaction of $167,448.19. Following the completion of the sale, the vice president now directly owns 5,088 shares in the company, valued at approximately $1,337,482.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Blake D. Moret bought 3,500 shares of the stock in a transaction on Monday, February 12th. The shares were purchased at an average price of $283.64 per share, for a total transaction of $992,740.00. Following the acquisition, the chief executive officer now owns 77,215 shares in the company, valued at $21,901,262.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Brian A. Shepherd sold 637 shares of Rockwell Automation stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $262.87, for a total value of $167,448.19. Following the sale, the vice president now owns 5,088 shares of the company’s stock, valued at approximately $1,337,482.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,877 shares of company stock worth $5,058,772. 0.68% of the stock is owned by company insiders.

Rockwell Automation Trading Up 1.3 %

Shares of Rockwell Automation stock opened at $273.58 on Tuesday. The firm has a market cap of $31.35 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 2.72 and a beta of 1.43. Rockwell Automation, Inc. has a 52-week low of $252.11 and a 52-week high of $348.52. The company’s 50-day simple moving average is $282.72 and its 200-day simple moving average is $284.05. 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 released its earnings results on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by ($0.58). The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.08 billion. Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. During the same quarter in the previous year, the firm posted $2.46 EPS. As a group, equities research analysts anticipate that Rockwell Automation, Inc. will post 11.98 earnings per share for the current year.

Rockwell Automation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Friday, May 10th. Rockwell Automation’s dividend payout ratio is currently 47.57%.

Wall Street Analysts Forecast Growth

ROK has been the subject of several research analyst reports. Citigroup lowered their target price on shares of Rockwell Automation from $330.00 to $322.00 and set a “buy” rating for the company in a report on Monday, April 8th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $254.00 price objective on shares of Rockwell Automation in a report on Thursday, March 21st. Mizuho reduced their target price on Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating for the company in a report on Thursday, February 1st. Berenberg Bank restated a “hold” rating and set a $290.00 price target (down previously from $330.00) on shares of Rockwell Automation in a research note on Wednesday, March 6th. Finally, Oppenheimer decreased their price objective on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $310.08.

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.