Larson Financial Group LLC Has $235,000 Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Larson Financial Group LLC grew its stake in Rockwell Automation, Inc. (NYSE:ROK) by 37.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 824 shares of the industrial products company’s stock after buying an additional 223 shares during the period. Larson Financial Group LLC’s holdings in Rockwell Automation were worth $235,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Prospera Financial Services Inc lifted its position in shares of Rockwell Automation by 0.9% in the third quarter. Prospera Financial Services Inc now owns 4,033 shares of the industrial products company’s stock worth $1,083,000 after buying an additional 37 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its position in shares of Rockwell Automation by 0.9% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company’s stock worth $1,199,000 after buying an additional 38 shares during the last quarter. Lake Street Advisors Group LLC lifted its position in shares of Rockwell Automation by 3.0% in the fourth quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company’s stock worth $386,000 after buying an additional 39 shares during the last quarter. Fortitude Advisory Group L.L.C. lifted its position in shares of Rockwell Automation by 3.8% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company’s stock worth $309,000 after buying an additional 40 shares during the last quarter. Finally, Great Valley Advisor Group Inc. increased its stake in shares of Rockwell Automation by 2.2% in the third quarter. Great Valley Advisor Group Inc. now owns 1,928 shares of the industrial products company’s stock worth $518,000 after purchasing an additional 42 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on ROK shares. Jefferies Financial Group upgraded Rockwell Automation from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $290.00 to $350.00 in a research note on Thursday, December 12th. Loop Capital lifted their price objective on Rockwell Automation from $260.00 to $280.00 and gave the stock a “hold” rating in a research note on Tuesday, February 25th. HSBC upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price objective on the stock in a research note on Wednesday, December 11th. The Goldman Sachs Group lifted their price objective on Rockwell Automation from $257.00 to $290.00 and gave the stock a “sell” rating in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company lifted their price objective on Rockwell Automation from $315.00 to $337.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, Rockwell Automation currently has a consensus rating of “Hold” and a consensus price target of $307.68.

Rockwell Automation Stock Down 1.8 %

NYSE ROK opened at $265.53 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The stock’s 50 day moving average is $283.55 and its two-hundred day moving average is $278.93. The company has a market capitalization of $30.02 billion, a price-to-earnings ratio of 33.07, a PEG ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a 1-year low of $242.81 and a 1-year high of $308.70.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. Equities analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were issued a $1.31 dividend. This represents a $5.24 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Tuesday, February 18th. Rockwell Automation’s payout ratio is currently 65.26%.

Insider Transactions at Rockwell Automation

In other news, VP Terry L. Riesterer sold 850 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total value of $255,178.50. Following the transaction, the vice president now directly owns 1,633 shares of the company’s stock, valued at $490,242.93. The trade was a 34.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Isaac Woods sold 895 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $274.72, for a total value of $245,874.40. Following the completion of the transaction, the vice president now directly owns 1,198 shares in the company, valued at $329,114.56. The trade was a 42.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,352 shares of company stock valued at $1,246,298 in the last three months. 0.68% of the stock is owned by corporate insiders.

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.