Evoke Wealth LLC Has $1.34 Million Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Evoke Wealth LLC lifted its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 86.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,320 shares of the industrial products company’s stock after purchasing an additional 2,005 shares during the period. Evoke Wealth LLC’s holdings in Rockwell Automation were worth $1,341,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Patrick M Sweeney & Associates Inc. acquired a new position in Rockwell Automation during the 4th quarter worth $380,000. Sequoia Financial Advisors LLC lifted its position in Rockwell Automation by 676.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 32,156 shares of the industrial products company’s stock worth $9,984,000 after acquiring an additional 28,016 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in Rockwell Automation by 0.9% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 11,423 shares of the industrial products company’s stock worth $3,266,000 after acquiring an additional 97 shares during the last quarter. Carnegie Capital Asset Management LLC increased its holdings in shares of Rockwell Automation by 5.0% during the 4th quarter. Carnegie Capital Asset Management LLC now owns 85,551 shares of the industrial products company’s stock worth $26,562,000 after purchasing an additional 4,093 shares during the period. Finally, Lincoln National Corp increased its holdings in shares of Rockwell Automation by 76.5% during the 4th quarter. Lincoln National Corp now owns 3,111 shares of the industrial products company’s stock worth $966,000 after purchasing an additional 1,348 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Price Performance

Shares of Rockwell Automation stock opened at $257.53 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.74 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $29.36 billion, a price-to-earnings ratio of 25.17, a P/E/G ratio of 4.01 and a beta of 1.43. Rockwell Automation, Inc. has a 1-year low of $252.11 and a 1-year high of $348.52. The firm’s 50-day moving average price is $275.11 and its two-hundred day moving average price is $283.48.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.35. Rockwell Automation had a net margin of 13.19% and a return on equity of 34.83%. The firm had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the prior year, the firm earned $3.01 earnings per share. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. On average, equities analysts predict that Rockwell Automation, Inc. will post 10.16 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 13th will be given a dividend of $1.25 per share. The ex-dividend date is Friday, May 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.94%. Rockwell Automation’s payout ratio is 48.88%.

Analysts Set New Price Targets

Several research firms have recently issued reports on ROK. Berenberg Bank restated a “hold” rating and set a $290.00 price objective (down previously from $330.00) on shares of Rockwell Automation in a report on Wednesday, March 6th. Barclays dropped their price objective on shares of Rockwell Automation from $265.00 to $260.00 and set an “underweight” rating on the stock in a report on Wednesday, May 8th. Loop Capital dropped their price objective on shares of Rockwell Automation from $300.00 to $290.00 and set a “hold” rating on the stock in a report on Tuesday, May 14th. Citigroup dropped their price objective on shares of Rockwell Automation from $322.00 to $316.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Finally, Wells Fargo & Company lowered their target price on shares of Rockwell Automation from $320.00 to $312.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $307.93.

Insider Transactions at Rockwell Automation

In other news, VP John M. Miller sold 467 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $273.27, for a total transaction of $127,617.09. Following the transaction, the vice president now directly owns 4,800 shares in the company, valued at $1,311,696. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP John M. Miller sold 467 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $273.27, for a total value of $127,617.09. Following the transaction, the vice president now directly owns 4,800 shares in the company, valued at $1,311,696. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Scott Genereux sold 500 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $290.00, for a total transaction of $145,000.00. Following the completion of the transaction, the vice president now owns 2,383 shares in the company, valued at $691,070. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,956 shares of company stock worth $845,787. Corporate insiders own 0.68% of the company’s stock.

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.