Wintrust Investments LLC Sells 199 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Wintrust Investments LLC lessened its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 12.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,439 shares of the industrial products company’s stock after selling 199 shares during the period. Wintrust Investments LLC’s holdings in Rockwell Automation were worth $474,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. NewEdge Advisors LLC raised its position in shares of Rockwell Automation by 13.9% in the 1st quarter. NewEdge Advisors LLC now owns 10,866 shares of the industrial products company’s stock worth $3,177,000 after purchasing an additional 1,327 shares during the last quarter. Wealth Alliance Advisory Group LLC purchased a new position in Rockwell Automation in the 2nd quarter worth about $218,000. Ontario Teachers Pension Plan Board raised its position in Rockwell Automation by 142.9% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 3,714 shares of the industrial products company’s stock worth $1,090,000 after buying an additional 2,185 shares during the last quarter. Truist Financial Corp raised its position in Rockwell Automation by 1.5% in the 1st quarter. Truist Financial Corp now owns 76,875 shares of the industrial products company’s stock worth $22,559,000 after buying an additional 1,118 shares during the last quarter. Finally, Wedbush Securities Inc. raised its position in Rockwell Automation by 10.3% in the 1st quarter. Wedbush Securities Inc. now owns 2,922 shares of the industrial products company’s stock worth $857,000 after buying an additional 274 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

Insider Activity

In related news, VP Isaac Woods sold 113 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $285.43, for a total transaction of $32,253.59. Following the sale, the vice president now owns 827 shares in the company, valued at approximately $236,050.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Veena M. Lakkundi sold 597 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $257.14, for a total transaction of $153,512.58. Following the transaction, the senior vice president now owns 2,805 shares of the company’s stock, valued at approximately $721,277.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Isaac Woods sold 113 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $285.43, for a total value of $32,253.59. Following the transaction, the vice president now directly owns 827 shares in the company, valued at approximately $236,050.61. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,150 shares of company stock worth $311,281. 0.64% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Stephens reaffirmed an “equal weight” rating and set a $350.00 price target on shares of Rockwell Automation in a research report on Friday, November 3rd. KeyCorp assumed coverage on shares of Rockwell Automation in a research report on Monday, October 2nd. They set a “sector weight” rating for the company. Bank of America reduced their price target on shares of Rockwell Automation from $375.00 to $335.00 in a research report on Wednesday, August 2nd. StockNews.com assumed coverage on shares of Rockwell Automation in a research report on Thursday, October 5th. They set a “hold” rating for the company. Finally, Wells Fargo & Company reduced their price target on shares of Rockwell Automation from $317.00 to $291.00 in a research report on Monday, October 9th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Rockwell Automation presently has an average rating of “Hold” and a consensus target price of $299.20.

Rockwell Automation Stock Up 0.9 %

NYSE ROK opened at $275.26 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.04 and a current ratio of 1.46. The company has a market capitalization of $31.56 billion, a P/E ratio of 23.02, a P/E/G ratio of 2.07 and a beta of 1.46. Rockwell Automation, Inc. has a one year low of $248.71 and a one year high of $348.52. The stock has a 50 day moving average price of $277.09 and a 200-day moving average price of $296.15.

Rockwell Automation Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be given a dividend of $1.25 per share. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.18. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Friday, November 10th. Rockwell Automation’s dividend payout ratio is currently 41.81%.

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.