Prudent Investors Network Inc. Acquires New Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Prudent Investors Network Inc. bought a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,311 shares of the industrial products company’s stock, valued at approximately $382,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ROK. Valeo Financial Advisors LLC lifted its position in Rockwell Automation by 1.9% during the fourth quarter. Valeo Financial Advisors LLC now owns 1,915 shares of the industrial products company’s stock valued at $595,000 after acquiring an additional 35 shares during the last quarter. Bison Wealth LLC lifted its holdings in shares of Rockwell Automation by 3.3% during the 4th quarter. Bison Wealth LLC now owns 1,168 shares of the industrial products company’s stock valued at $363,000 after purchasing an additional 37 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Rockwell Automation by 3.4% in the 4th quarter. Quadrant Capital Group LLC now owns 1,115 shares of the industrial products company’s stock worth $346,000 after purchasing an additional 37 shares in the last quarter. Hazlett Burt & Watson Inc. grew its stake in Rockwell Automation by 17.5% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 248 shares of the industrial products company’s stock worth $72,000 after buying an additional 37 shares during the last quarter. Finally, CreativeOne Wealth LLC increased its position in Rockwell Automation by 3.0% during the 1st quarter. CreativeOne Wealth LLC now owns 1,277 shares of the industrial products company’s stock valued at $372,000 after buying an additional 37 shares in the last quarter. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Price Performance

ROK traded up $3.22 on Tuesday, reaching $275.43. 521,817 shares of the company’s stock were exchanged, compared to its average volume of 970,933. Rockwell Automation, Inc. has a twelve month low of $249.00 and a twelve month high of $339.65. The stock has a market cap of $31.40 billion, a PE ratio of 26.92, a P/E/G ratio of 4.93 and a beta of 1.37. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.11 and a quick ratio of 0.74. The stock’s fifty day moving average price is $265.87 and its 200-day moving average price is $276.21.

Rockwell Automation (NYSE:ROK) last issued its earnings results 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. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Rockwell Automation had a return on equity of 34.83% and a net margin of 13.19%. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.01 EPS. Sell-side analysts expect that Rockwell Automation, Inc. will post 10.07 EPS for the current year.

Rockwell Automation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th will be given a dividend of $1.25 per share. The ex-dividend date is Monday, August 12th. This represents a $5.00 annualized dividend and a dividend yield of 1.82%. Rockwell Automation’s payout ratio is 48.88%.

Insider Activity at Rockwell Automation

In other news, SVP Tessa M. Myers sold 248 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $256.37, for a total transaction of $63,579.76. Following the completion of the sale, the senior vice president now owns 4,246 shares in the company, valued at approximately $1,088,547.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Tessa M. Myers sold 248 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $256.37, for a total transaction of $63,579.76. Following the completion of the sale, the senior vice president now directly owns 4,246 shares of the company’s stock, valued at approximately $1,088,547.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tessa M. Myers sold 528 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $253.78, for a total transaction of $133,995.84. Following the completion of the transaction, the senior vice president now directly owns 3,718 shares in the company, valued at approximately $943,554.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,199 shares of company stock valued at $572,750. 0.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ROK has been the subject of several recent analyst reports. Mizuho lowered their price target on Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Citigroup lowered their target price on shares of Rockwell Automation from $322.00 to $316.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Robert W. Baird decreased their price target on shares of Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. Redburn Atlantic initiated coverage on Rockwell Automation in a research report on Monday, July 8th. They set a “neutral” rating and a $256.00 target price on the stock. Finally, Loop Capital reduced their price target on Rockwell Automation from $300.00 to $290.00 and set a “hold” rating for the company in a report on Tuesday, May 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $300.71.

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.