WealthPlan Investment Management LLC Makes New $376,000 Investment in Rockwell Automation, Inc. (NYSE:ROK)

WealthPlan Investment Management LLC acquired a new position in Rockwell Automation, Inc. (NYSE:ROK – Get Rating) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,474 shares of the industrial products company’s stock, valued at approximately $376,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Markel Corp raised its stake in shares of Rockwell Automation by 1.3% in the first quarter. Markel Corp now owns 152,900 shares of the industrial products company’s stock valued at $42,816,000 after buying an additional 2,000 shares during the period. Sei Investments Co. raised its stake in shares of Rockwell Automation by 10.3% in the first quarter. Sei Investments Co. now owns 57,480 shares of the industrial products company’s stock valued at $16,221,000 after buying an additional 5,386 shares during the period. Prudential PLC bought a new stake in shares of Rockwell Automation in the first quarter valued at $642,000. Sequoia Financial Advisors LLC raised its stake in shares of Rockwell Automation by 3.0% in the first quarter. Sequoia Financial Advisors LLC now owns 3,649 shares of the industrial products company’s stock valued at $1,021,000 after buying an additional 107 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Rockwell Automation by 0.9% in the first quarter. Vanguard Group Inc. now owns 11,472,877 shares of the industrial products company’s stock valued at $3,212,750,000 after buying an additional 106,641 shares during the period. Hedge funds and other institutional investors own 77.66% of the company’s stock.

Insider Activity

In other news, SVP Tessa M. Myers sold 4,534 shares of the stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $290.49, for a total transaction of $1,317,081.66. Following the completion of the sale, the senior vice president now owns 1,206 shares of the company’s stock, valued at $350,330.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, SVP Rebecca W. House sold 3,178 shares of the firm’s stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $287.80, for a total value of $914,628.40. Following the completion of the sale, the senior vice president now owns 6,989 shares of the company’s stock, valued at $2,011,434.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Tessa M. Myers sold 4,534 shares of the firm’s stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $290.49, for a total value of $1,317,081.66. Following the completion of the sale, the senior vice president now directly owns 1,206 shares of the company’s stock, valued at approximately $350,330.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,730 shares of company stock valued at $3,112,032. 0.64% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on ROK shares. Morgan Stanley restated an “overweight” rating and issued a $335.00 target price on shares of Rockwell Automation in a research note on Tuesday, February 14th. Loop Capital boosted their price objective on Rockwell Automation from $258.00 to $285.00 in a research note on Tuesday, January 31st. Barclays boosted their price objective on Rockwell Automation from $220.00 to $250.00 and gave the company an “equal weight” rating in a research note on Friday, January 27th. Oppenheimer boosted their price objective on Rockwell Automation from $278.00 to $290.00 and gave the company an “outperform” rating in a research note on Tuesday, January 24th. Finally, Citigroup boosted their price objective on Rockwell Automation from $297.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, January 27th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Rockwell Automation has an average rating of “Hold” and an average price target of $263.24.

Rockwell Automation Stock Down 3.3 %

Shares of NYSE ROK opened at $272.71 on Friday. Rockwell Automation, Inc. has a one year low of $190.08 and a one year high of $309.36. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.03 and a quick ratio of 0.69. The firm’s 50 day simple moving average is $286.98 and its two-hundred day simple moving average is $261.35. The stock has a market capitalization of $31.30 billion, a P/E ratio of 29.55, a PEG ratio of 2.71 and a beta of 1.44.

Rockwell Automation (NYSE:ROK – Get Rating) last released its quarterly earnings data on Thursday, January 26th. The industrial products company reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.65. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.93 billion. Rockwell Automation had a return on equity of 38.70% and a net margin of 13.63%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.14 earnings per share. As a group, analysts expect that Rockwell Automation, Inc. will post 11.22 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 21st were paid a dividend of $1.18 per share. This represents a $4.72 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Friday, February 17th. Rockwell Automation’s dividend payout ratio (DPR) is presently 51.14%.

Rockwell Automation Profile

(Get Rating)

Rockwell Automation, Inc engages in the provision of industrial automation and information services. It operates through the following segments: Intelligent Devices, Software and Control, and Lifecycle Services. The Intelligent Devices segment combines a comprehensive portfolio of smart products that create the foundation of an agile, resilient, and sustainable production system.