TrinityPoint Wealth LLC Acquires 94 Shares of Rockwell Automation, Inc. (NYSE:ROK)

TrinityPoint Wealth LLC raised its holdings in shares of Rockwell Automation, Inc. (NYSE:ROKFree Report) by 10.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 959 shares of the industrial products company’s stock after purchasing an additional 94 shares during the quarter. TrinityPoint Wealth LLC’s holdings in Rockwell Automation were worth $298,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Provence Wealth Management Group bought a new position in shares of Rockwell Automation during the 3rd quarter valued at approximately $27,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Rockwell Automation in the fourth quarter valued at $27,000. Fortitude Family Office LLC bought a new stake in shares of Rockwell Automation in the 4th quarter worth about $46,000. Raleigh Capital Management Inc. boosted its stake in shares of Rockwell Automation by 24.2% during the 3rd quarter. Raleigh Capital Management Inc. now owns 195 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 38 shares during the period. Finally, McGlone Suttner Wealth Management Inc. bought a new position in Rockwell Automation during the 4th quarter valued at about $60,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on ROK shares. Mizuho dropped their target price on Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Robert W. Baird cut their price objective on Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. Wells Fargo & Company decreased their target price on Rockwell Automation from $320.00 to $312.00 and set an “overweight” rating for the company in a research report on Wednesday, May 8th. Oppenheimer cut their price target on shares of Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. Finally, Barclays decreased their price objective on shares of Rockwell Automation from $265.00 to $260.00 and set an “underweight” rating for the company in a report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $307.93.

Check Out Our Latest Analysis on Rockwell Automation

Rockwell Automation Stock Performance

Shares of NYSE:ROK opened at $258.60 on Wednesday. The firm has a 50 day moving average of $276.87 and a 200 day moving average of $283.89. The company has a quick ratio of 0.74, a current ratio of 1.11 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $29.48 billion, a price-to-earnings ratio of 25.28, a price-to-earnings-growth ratio of 4.12 and a beta of 1.43. Rockwell Automation, Inc. has a 52 week low of $252.11 and a 52 week high of $348.52.

Rockwell Automation (NYSE:ROKGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.35. Rockwell Automation had a return on equity of 34.83% and a net margin of 13.19%. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the prior year, the business posted $3.01 EPS. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. On average, sell-side analysts predict that Rockwell Automation, Inc. will post 10.16 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.93%. Rockwell Automation’s dividend payout ratio (DPR) is presently 48.88%.

Insider Activity at Rockwell Automation

In other news, VP John M. Miller sold 467 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $273.27, for a total transaction of $127,617.09. Following the transaction, the vice president now directly owns 4,800 shares of the company’s stock, valued at $1,311,696. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Rockwell Automation news, VP Scott Genereux sold 500 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $290.00, for a total value of $145,000.00. Following the completion of the sale, the vice president now owns 2,383 shares of the company’s stock, valued at $691,070. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP John M. Miller sold 467 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $273.27, for a total transaction of $127,617.09. Following the transaction, the vice president now owns 4,800 shares in the company, valued at approximately $1,311,696. The disclosure for this sale can be found here. Insiders sold 3,106 shares of company stock valued at $888,926 over the last 90 days. Insiders own 0.68% of the company’s stock.

Rockwell Automation Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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