Rockwell Automation, Inc. (NYSE:ROK) Stock Position Raised by Raymond James & Associates

Raymond James & Associates lifted its position in Rockwell Automation, Inc. (NYSE:ROKGet Rating) by 5.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 77,033 shares of the industrial products company’s stock after acquiring an additional 3,839 shares during the quarter. Raymond James & Associates owned approximately 0.07% of Rockwell Automation worth $16,571,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in ROK. Markel Corp lifted its position in shares of Rockwell Automation by 1.3% in the 1st quarter. Markel Corp now owns 152,900 shares of the industrial products company’s stock valued at $42,816,000 after acquiring an additional 2,000 shares in the last quarter. Sei Investments Co. lifted its position in shares of Rockwell Automation by 10.3% in the 1st quarter. Sei Investments Co. now owns 57,480 shares of the industrial products company’s stock valued at $16,221,000 after acquiring an additional 5,386 shares in the last quarter. Prudential PLC purchased a new stake in shares of Rockwell Automation in the 1st quarter valued at approximately $642,000. Sequoia Financial Advisors LLC increased its stake in Rockwell Automation by 3.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,649 shares of the industrial products company’s stock valued at $1,021,000 after buying an additional 107 shares during the period. Finally, Vanguard Group Inc. increased its stake in Rockwell Automation by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 11,472,877 shares of the industrial products company’s stock valued at $3,212,750,000 after buying an additional 106,641 shares during the period. Hedge funds and other institutional investors own 77.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Rockwell Automation from $227.00 to $233.00 and gave the company an “underweight” rating in a research note on Thursday. Robert W. Baird upped their price objective on shares of Rockwell Automation from $250.00 to $265.00 and gave the company an “outperform” rating in a research note on Thursday, November 17th. Citigroup upped their price objective on shares of Rockwell Automation from $265.00 to $297.00 and gave the company a “buy” rating in a research note on Friday, December 9th. Morgan Stanley increased their price target on shares of Rockwell Automation from $269.00 to $284.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, TheStreet upgraded shares of Rockwell Automation from a “c” rating to a “b” rating in a research note on Thursday, September 15th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Rockwell Automation has an average rating of “Hold” and a consensus price target of $243.88.

Rockwell Automation Price Performance

Shares of Rockwell Automation stock opened at $267.52 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.01 and a quick ratio of 0.72. Rockwell Automation, Inc. has a fifty-two week low of $190.08 and a fifty-two week high of $339.71. The firm has a fifty day moving average price of $259.61 and a two-hundred day moving average price of $240.82. The company has a market cap of $30.72 billion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 3.12 and a beta of 1.44.

Rockwell Automation (NYSE:ROKGet Rating) last issued its quarterly earnings results on Wednesday, November 2nd. The industrial products company reported $3.04 earnings per share for the quarter, beating analysts’ consensus estimates of $2.94 by $0.10. Rockwell Automation had a net margin of 12.01% and a return on equity of 38.84%. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the prior year, the firm earned $2.33 EPS. The business’s revenue was up 17.6% on a year-over-year basis. Analysts expect that Rockwell Automation, Inc. will post 10.64 EPS for the current year.

Rockwell Automation Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 12th. Stockholders of record on Monday, November 14th were issued a dividend of $1.18 per share. This represents a $4.72 dividend on an annualized basis and a dividend yield of 1.76%. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.12. The ex-dividend date was Thursday, November 10th. Rockwell Automation’s dividend payout ratio (DPR) is presently 59.22%.

Insider Transactions at Rockwell Automation

In other news, VP John M. Miller sold 190 shares of the firm’s stock in a transaction dated Wednesday, December 7th. The shares were sold at an average price of $256.63, for a total transaction of $48,759.70. Following the completion of the transaction, the vice president now directly owns 4,761 shares of the company’s stock, valued at approximately $1,221,815.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Frank C. Kulaszewicz sold 291 shares of the firm’s stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $264.40, for a total transaction of $76,940.40. Following the completion of the transaction, the senior vice president now directly owns 14,885 shares of the company’s stock, valued at approximately $3,935,594. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John M. Miller sold 190 shares of the stock in a transaction dated Wednesday, December 7th. The stock was sold at an average price of $256.63, for a total transaction of $48,759.70. Following the sale, the vice president now owns 4,761 shares of the company’s stock, valued at approximately $1,221,815.43. The disclosure for this sale can be found here. In the last three months, insiders sold 13,304 shares of company stock valued at $3,410,562. Company insiders own 0.64% of the company’s stock.

Rockwell Automation Company Profile

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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.

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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