Rockwell Automation, Inc. (NYSE:ROK) Shares Purchased by Tradewinds LLC.

Tradewinds LLC. boosted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 10.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,036 shares of the industrial products company’s stock after purchasing an additional 1,817 shares during the quarter. Rockwell Automation makes up 1.7% of Tradewinds LLC.’s investment portfolio, making the stock its 18th biggest holding. Tradewinds LLC.’s holdings in Rockwell Automation were worth $6,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Rockwell Automation by 0.9% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,775 shares of the industrial products company’s stock worth $1,079,000 after buying an additional 33 shares during the period. Whittier Trust Co. grew its holdings in Rockwell Automation by 1.9% during the 4th quarter. Whittier Trust Co. now owns 1,896 shares of the industrial products company’s stock worth $542,000 after acquiring an additional 35 shares in the last quarter. Bank Pictet & Cie Europe AG increased its position in shares of Rockwell Automation by 0.9% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company’s stock valued at $1,199,000 after purchasing an additional 38 shares during the last quarter. Lake Street Advisors Group LLC increased its position in shares of Rockwell Automation by 3.0% in the 4th quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company’s stock valued at $386,000 after purchasing an additional 39 shares during the last quarter. Finally, Fortitude Advisory Group L.L.C. raised its holdings in shares of Rockwell Automation by 3.8% in the 4th quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company’s stock valued at $309,000 after purchasing an additional 40 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

ROK has been the subject of a number of analyst reports. Jefferies Financial Group upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and boosted their target price for the stock from $290.00 to $350.00 in a research note on Thursday, December 12th. Barclays lowered their price objective on 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. Stephens raised Rockwell Automation from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $275.00 to $350.00 in a research report on Thursday, January 16th. Oppenheimer upped their price target on Rockwell Automation from $300.00 to $320.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Finally, Citigroup raised their price objective 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. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Rockwell Automation currently has a consensus rating of “Hold” and a consensus target price of $307.42.

Insider Activity at Rockwell Automation

In other news, VP Scott Genereux sold 500 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $290.14, for a total value of $145,070.00. Following the completion of the sale, the vice president now directly owns 1,905 shares of the company’s stock, valued at $552,716.70. This trade represents a 20.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Terry L. Riesterer sold 850 shares of the company’s stock in a transaction 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 in the company, valued at $490,242.93. This represents a 34.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,352 shares of company stock worth $1,246,298 over the last 90 days. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Down 0.1 %

Rockwell Automation stock opened at $258.42 on Tuesday. The stock has a 50 day moving average of $278.36 and a two-hundred day moving average of $278.91. Rockwell Automation, Inc. has a twelve month low of $242.81 and a twelve month high of $308.70. The stock has a market capitalization of $29.22 billion, a price-to-earnings ratio of 32.18, a PEG ratio of 3.53 and a beta of 1.39. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72.

Rockwell Automation (NYSE:ROK) last posted 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 net margin of 11.38% and a return on equity of 30.17%. As a group, research analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors 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 yield of 2.03%. Rockwell Automation’s dividend payout ratio is currently 65.26%.

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.