Campbell Wealth Management Invests $203,000 in Rockwell Automation, Inc. (NYSE:ROK)

Campbell Wealth Management purchased a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 711 shares of the industrial products company’s stock, valued at approximately $203,000.

A number of other large investors also recently modified their holdings of the business. State Street Corp lifted its holdings in shares of Rockwell Automation by 0.3% during the third quarter. State Street Corp now owns 4,648,137 shares of the industrial products company’s stock worth $1,247,839,000 after buying an additional 11,949 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Rockwell Automation by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,683,202 shares of the industrial products company’s stock worth $717,865,000 after buying an additional 14,040 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Rockwell Automation by 33.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company’s stock worth $417,802,000 after buying an additional 390,784 shares during the last quarter. Accredited Investors Inc. lifted its holdings in shares of Rockwell Automation by 162,058.5% during the third quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company’s stock worth $318,227,000 after buying an additional 1,184,648 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Rockwell Automation by 6.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,811 shares of the industrial products company’s stock worth $303,041,000 after buying an additional 67,684 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation Price Performance

Rockwell Automation stock opened at $298.51 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 1.08. The firm has a market cap of $33.74 billion, a P/E ratio of 36.05, a P/E/G ratio of 2.89 and a beta of 1.35. The business’s fifty day moving average is $286.23 and its two-hundred day moving average is $275.65. 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 data on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. Equities research analysts forecast that Rockwell Automation, Inc. will post 9.32 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Tuesday, February 18th. Rockwell Automation’s dividend payout ratio (DPR) is presently 63.29%.

Insider Activity

In other news, VP John M. Miller sold 467 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $284.07, for a total transaction of $132,660.69. Following the transaction, the vice president now owns 4,800 shares of the company’s stock, valued at $1,363,536. This represents a 8.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Blake D. Moret sold 26,700 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $298.63, for a total value of $7,973,421.00. Following the transaction, the chief executive officer now directly owns 78,115 shares in the company, valued at $23,327,482.45. This trade represents a 25.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,857 shares of company stock valued at $10,678,037 over the last 90 days. 0.68% of the stock is owned by company insiders.

Analyst Ratings Changes

ROK has been the topic of a number of research reports. Barclays boosted their price objective on Rockwell Automation from $285.00 to $300.00 and gave the company an “equal weight” rating in a research report on Tuesday. Bank of America boosted their price objective on Rockwell Automation from $270.00 to $285.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. UBS Group initiated coverage on Rockwell Automation in a research report on Wednesday, November 13th. They set a “neutral” rating and a $313.00 price objective on the stock. Mizuho boosted their price objective on Rockwell Automation from $245.00 to $270.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Stephens upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $275.00 to $350.00 in a research report on Thursday, January 16th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $308.05.

About Rockwell Automation

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.