Rockwell Automation, Inc. (NYSE:ROK) Shares Bought by Cerity Partners LLC

Cerity Partners LLC lifted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 17.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,988 shares of the industrial products company’s stock after acquiring an additional 3,027 shares during the period. Cerity Partners LLC’s holdings in Rockwell Automation were worth $6,206,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Imprint Wealth LLC raised its position in shares of Rockwell Automation by 32,845.0% in the 2nd quarter. Imprint Wealth LLC now owns 1,254,546 shares of the industrial products company’s stock worth $125,455,000 after buying an additional 1,250,738 shares during the period. Moneta Group Investment Advisors LLC raised its holdings in shares of Rockwell Automation by 87,404.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,236,433 shares of the industrial products company’s stock worth $318,468,000 after purchasing an additional 1,235,020 shares during the period. Norges Bank acquired a new position in shares of Rockwell Automation in the 4th quarter valued at about $215,125,000. Morgan Stanley grew its holdings in shares of Rockwell Automation by 20.0% during the 4th quarter. Morgan Stanley now owns 2,741,019 shares of the industrial products company’s stock worth $706,004,000 after purchasing an additional 457,383 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Rockwell Automation by 13.8% during the 1st quarter. JPMorgan Chase & Co. now owns 2,638,992 shares of the industrial products company’s stock worth $774,411,000 after purchasing an additional 320,524 shares in the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ROK has been the topic of a number of recent research reports. UBS Group raised shares of Rockwell Automation from a “neutral” rating to a “buy” rating and lifted their price target for the company from $305.00 to $360.00 in a research report on Wednesday, January 3rd. Citigroup decreased their price target on shares of Rockwell Automation from $330.00 to $322.00 and set a “buy” rating for the company in a research report on Monday, April 8th. Wells Fargo & Company cut their price objective on Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating on the stock in a research report on Thursday, February 1st. Berenberg Bank reaffirmed a “hold” rating and issued a $290.00 target price (down previously from $330.00) on shares of Rockwell Automation in a research report on Wednesday, March 6th. Finally, Oppenheimer dropped their target price on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Rockwell Automation currently has an average rating of “Hold” and an average price target of $310.08.

Rockwell Automation Price Performance

Shares of ROK stock opened at $285.90 on Tuesday. The firm has a fifty day moving average of $282.62 and a two-hundred day moving average of $284.41. The firm has a market cap of $32.76 billion, a P/E ratio of 27.20, a P/E/G ratio of 2.86 and a beta of 1.43. Rockwell Automation, Inc. has a 1-year low of $252.11 and a 1-year high of $348.52. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.25 and a quick ratio of 0.80.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.58). The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.08 billion. Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. During the same quarter last year, the business posted $2.46 earnings per share. As a group, research analysts anticipate that Rockwell Automation, Inc. will post 12.03 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, June 10th. Investors of record on Monday, May 13th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Friday, May 10th. Rockwell Automation’s dividend payout ratio is currently 47.57%.

Insider Buying and Selling

In other Rockwell Automation news, CEO Blake D. Moret bought 3,500 shares of the stock in a transaction on Monday, February 12th. The stock was purchased at an average price of $283.64 per share, for a total transaction of $992,740.00. Following the completion of the purchase, the chief executive officer now directly owns 77,215 shares in the company, valued at $21,901,262.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Rockwell Automation news, VP Brian A. Shepherd sold 637 shares of Rockwell Automation stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $262.87, for a total value of $167,448.19. Following the completion of the transaction, the vice president now directly owns 5,088 shares in the company, valued at $1,337,482.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Blake D. Moret bought 3,500 shares of the stock in a transaction dated Monday, February 12th. The shares were bought at an average cost of $283.64 per share, with a total value of $992,740.00. Following the completion of the acquisition, the chief executive officer now directly owns 77,215 shares of the company’s stock, valued at approximately $21,901,262.60. The disclosure for this purchase can be found here. Insiders have sold 17,877 shares of company stock worth $5,058,772 over the last ninety days. 0.68% of the stock is owned by insiders.

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.