AssuredPartners Investment Advisors LLC Takes $539,000 Position in Rockwell Automation, Inc. (NYSE:ROK)

AssuredPartners Investment Advisors LLC purchased a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,885 shares of the industrial products company’s stock, valued at approximately $539,000.

Other hedge funds also recently added to or reduced their stakes in the company. West Oak Capital LLC lifted its stake in Rockwell Automation by 455.6% in the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 82 shares during the last quarter. Bank of Jackson Hole Trust purchased a new position in Rockwell Automation during the 4th quarter valued at $34,000. SBI Securities Co. Ltd. bought a new position in Rockwell Automation in the 4th quarter valued at $35,000. Flagship Wealth Advisors LLC purchased a new stake in Rockwell Automation in the fourth quarter worth $38,000. Finally, Knuff & Co LLC lifted its position in shares of Rockwell Automation by 41.0% during the fourth quarter. Knuff & Co LLC now owns 141 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 41 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors.

Rockwell Automation Trading Down 0.3 %

NYSE:ROK opened at $268.50 on Friday. The stock has a market capitalization of $30.36 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a 52 week low of $242.81 and a 52 week high of $308.70. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. The firm has a 50 day moving average of $279.51 and a 200 day moving average of $278.65.

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

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were issued a dividend of $1.31 per share. The ex-dividend date was Tuesday, February 18th. This represents a $5.24 annualized dividend and a dividend yield of 1.95%. Rockwell Automation’s dividend payout ratio (DPR) is currently 65.26%.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, SVP Tessa M. Myers sold 1,231 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $285.43, for a total value of $351,364.33. Following the completion of the transaction, the senior vice president now owns 3,650 shares of the company’s stock, valued at approximately $1,041,819.50. This trade represents a 25.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Isaac Woods sold 895 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $274.72, for a total transaction of $245,874.40. Following the sale, the vice president now directly owns 1,198 shares in the company, valued at $329,114.56. This trade represents a 42.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders 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 insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Citigroup upped their price target on shares of Rockwell Automation from $345.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Barclays reduced their target price on shares of Rockwell Automation from $285.00 to $280.00 and set an “equal weight” rating on the stock in a research report on Wednesday. BNP Paribas lowered Rockwell Automation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 11th. KeyCorp upgraded Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price objective on the stock in a report on Monday, December 9th. Finally, Robert W. Baird upped their target price on Rockwell Automation from $305.00 to $315.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Rockwell Automation currently has a consensus rating of “Hold” and a consensus target price of $307.42.

Rockwell Automation 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.