Rockwell Automation, Inc. (NYSE:ROK) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 4.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,377 shares of the industrial products company’s stock after acquiring an additional 4,551 shares during the quarter. Commonwealth Equity Services LLC owned 0.10% of Rockwell Automation worth $30,385,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its stake in Rockwell Automation by 3.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,115 shares of the industrial products company’s stock valued at $346,000 after purchasing an additional 37 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its stake in shares of Rockwell Automation by 17.5% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 248 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 37 shares in the last quarter. CreativeOne Wealth LLC boosted its stake in shares of Rockwell Automation by 3.0% during the 1st quarter. CreativeOne Wealth LLC now owns 1,277 shares of the industrial products company’s stock worth $372,000 after acquiring an additional 37 shares in the last quarter. Mather Group LLC. boosted its stake in shares of Rockwell Automation by 5.9% during the 2nd quarter. Mather Group LLC. now owns 680 shares of the industrial products company’s stock worth $198,000 after acquiring an additional 38 shares in the last quarter. Finally, Aviance Capital Partners LLC boosted its position in shares of Rockwell Automation by 3.0% in the fourth quarter. Aviance Capital Partners LLC now owns 1,398 shares of the industrial products company’s stock worth $434,000 after buying an additional 41 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation Trading Up 2.1 %

Shares of NYSE:ROK opened at $272.03 on Monday. The company has a market cap of $30.87 billion, a P/E ratio of 26.59, a P/E/G ratio of 4.84 and a beta of 1.37. The stock’s 50-day moving average is $267.19 and its 200-day moving average is $272.08. Rockwell Automation, Inc. has a 52-week low of $242.81 and a 52-week high of $314.80. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.68 and a current ratio of 1.04.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.63. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.03 billion. Rockwell Automation had a return on equity of 34.09% and a net margin of 11.56%. The firm’s revenue was down 8.4% compared to the same quarter last year. During the same period last year, the business posted $3.01 earnings per share. Equities research analysts predict that Rockwell Automation, Inc. will post 9.66 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Monday, August 12th. Rockwell Automation’s dividend payout ratio is currently 48.88%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ROK shares. Bank of America decreased their target price on Rockwell Automation from $300.00 to $270.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Mizuho cut their price objective on Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Barclays cut their price objective on Rockwell Automation from $250.00 to $245.00 and set an “underweight” rating for the company in a report on Wednesday, July 10th. Robert W. Baird cut their price objective on Rockwell Automation from $304.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, Oppenheimer cut their price objective on Rockwell Automation from $295.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $280.14.

Insider Activity

In related news, VP Isaac Woods sold 297 shares of Rockwell Automation stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $256.38, for a total transaction of $76,144.86. Following the sale, the vice president now directly owns 1,833 shares of the company’s stock, valued at $469,944.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, SVP Tessa M. Myers sold 528 shares of Rockwell Automation stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $253.78, for a total transaction of $133,995.84. Following the sale, the senior vice president now directly owns 3,718 shares of the company’s stock, valued at $943,554.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Isaac Woods sold 297 shares of Rockwell Automation stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $256.38, for a total value of $76,144.86. Following the sale, the vice president now directly owns 1,833 shares in the company, valued at $469,944.54. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,073 shares of company stock valued at $273,720. 0.68% of the stock is owned by insiders.

Rockwell Automation 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.