Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by Hoey Investments Inc.

Hoey Investments Inc. reduced its position in Rockwell Automation, Inc. (NYSE:ROK) by 21.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,744 shares of the industrial products company’s stock after selling 479 shares during the period. Hoey Investments Inc.’s holdings in Rockwell Automation were worth $498,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. West Oak Capital LLC boosted its position in shares of 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 acquiring an additional 82 shares during the last quarter. Bank of Jackson Hole Trust acquired a new position in shares of Rockwell Automation in the 4th quarter valued at $34,000. SBI Securities Co. Ltd. purchased a new stake in shares of Rockwell Automation during the 4th quarter valued at $35,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Rockwell Automation during the 4th quarter worth $38,000. Finally, Knuff & Co LLC raised its position in shares of Rockwell Automation by 41.0% in the 4th quarter. Knuff & Co LLC now owns 141 shares of the industrial products company’s stock worth $40,000 after buying an additional 41 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Terry L. Riesterer sold 850 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total transaction of $255,178.50. Following the transaction, the vice president now directly owns 1,633 shares in the company, valued at $490,242.93. This trade represents a 34.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Scott Genereux sold 500 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $290.14, for a total transaction of $145,070.00. Following the sale, the vice president now owns 1,905 shares of the company’s stock, valued at approximately $552,716.70. The trade was a 20.79 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,352 shares of company stock worth $1,246,298. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Price Performance

ROK stock opened at $258.22 on Monday. The company has a market capitalization of $29.20 billion, a PE ratio of 32.16, a P/E/G ratio of 3.53 and a beta of 1.39. 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 stock’s 50 day moving average is $278.93 and its two-hundred day moving average is $278.91. Rockwell Automation, Inc. has a 52-week low of $242.81 and a 52-week high of $308.70.

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

Rockwell Automation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were given 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 2.03%. Rockwell Automation’s payout ratio is 65.26%.

Analysts Set New Price Targets

Several equities research analysts have commented on ROK shares. Loop Capital upped their price target on Rockwell Automation from $260.00 to $280.00 and gave the stock a “hold” rating in a research note on Tuesday, February 25th. Barclays dropped their target price on shares of Rockwell Automation from $285.00 to $280.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 26th. Oppenheimer lifted their price target on shares of Rockwell Automation from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Citigroup increased their price objective on shares of Rockwell Automation from $345.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, Morgan Stanley lifted their target price on shares of Rockwell Automation from $335.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.