Atria Wealth Solutions Inc. Has $2.48 Million Stake in Rockwell Automation, Inc. (NYSE:ROK)

Atria Wealth Solutions Inc. lifted its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,995 shares of the industrial products company’s stock after acquiring an additional 77 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Rockwell Automation were worth $2,482,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Bruce G. Allen Investments LLC acquired a new stake in shares of Rockwell Automation during the 4th quarter valued at $27,000. OFI Invest Asset Management acquired a new stake in shares of Rockwell Automation during the 3rd quarter valued at $26,000. Provence Wealth Management Group acquired a new stake in shares of Rockwell Automation during the 3rd quarter valued at $27,000. BluePath Capital Management LLC acquired a new stake in shares of Rockwell Automation during the 3rd quarter valued at $29,000. Finally, Fortitude Family Office LLC acquired a new stake in shares of Rockwell Automation during the 4th quarter valued at $46,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ROK. Wells Fargo & Company lowered their target price on Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating for the company in a research report on Thursday, February 1st. Barclays lowered their target price on Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating for the company in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $254.00 target price on shares of Rockwell Automation in a research report on Thursday, March 21st. UBS Group raised Rockwell Automation from a “neutral” rating to a “buy” rating and raised their target price for the stock from $305.00 to $360.00 in a research report on Wednesday, January 3rd. Finally, Berenberg Bank reaffirmed a “hold” rating and set a $290.00 target price (down from $330.00) on shares of Rockwell Automation in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $310.08.

Rockwell Automation Stock Performance

ROK stock opened at $280.12 on Monday. The stock has a 50-day moving average price of $282.51 and a 200-day moving average price of $283.60. Rockwell Automation, Inc. has a 1-year low of $252.11 and a 1-year high of $348.52. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. The firm has a market cap of $32.10 billion, a PE ratio of 26.65, a price-to-earnings-growth ratio of 2.83 and a beta of 1.43.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, January 31st. The industrial products company reported $2.04 EPS for the quarter, missing the consensus estimate 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 net margin of 13.35% and a return on equity of 37.22%. During the same quarter in the prior year, the business earned $2.46 earnings per share. As a group, equities research analysts expect that Rockwell Automation, Inc. will post 11.98 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 13th will be paid a $1.25 dividend. The ex-dividend date is Friday, May 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.78%. Rockwell Automation’s dividend payout ratio is presently 47.57%.

Insider Activity

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

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.