Aaron Wealth Advisors LLC increased its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK – Free Report) by 293.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,390 shares of the industrial products company’s stock after purchasing an additional 1,782 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Rockwell Automation were worth $930,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Rockwell Automation by 468.8% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 91 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 75 shares in the last quarter. Rexford Capital Inc. bought a new position in Rockwell Automation during the second quarter valued at approximately $33,000. Fortitude Family Office LLC boosted its stake in Rockwell Automation by 109.5% during the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the industrial products company’s stock valued at $34,000 after buying an additional 46 shares during the last quarter. Ameriflex Group Inc. boosted its stake in Rockwell Automation by 100.0% during the third quarter. Ameriflex Group Inc. now owns 100 shares of the industrial products company’s stock valued at $35,000 after buying an additional 50 shares during the last quarter. Finally, Sachetta LLC boosted its stake in Rockwell Automation by 900.0% during the third quarter. Sachetta LLC now owns 120 shares of the industrial products company’s stock valued at $42,000 after buying an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.
Rockwell Automation Trading Up 5.6%
Shares of NYSE ROK opened at $389.96 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.80 and a current ratio of 1.16. The business’s 50 day moving average price is $384.78 and its 200-day moving average price is $382.80. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $438.72. The company has a market cap of $43.82 billion, a price-to-earnings ratio of 44.62, a PEG ratio of 2.61 and a beta of 1.54.
Rockwell Automation Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd were issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, February 23rd. Rockwell Automation’s dividend payout ratio (DPR) is presently 63.16%.
Analysts Set New Price Targets
A number of equities analysts recently commented on ROK shares. Evercore started coverage on Rockwell Automation in a research note on Monday, December 15th. They set an “in-line” rating and a $440.00 price target for the company. Argus raised Rockwell Automation to a “strong-buy” rating in a research note on Friday, January 16th. Wells Fargo & Company lowered their price objective on Rockwell Automation from $410.00 to $360.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 1st. Rothschild & Co Redburn raised their price objective on Rockwell Automation from $335.00 to $365.00 and gave the company a “neutral” rating in a research note on Wednesday, January 21st. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $460.00 price objective on shares of Rockwell Automation in a research note on Sunday, February 8th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $406.67.
View Our Latest Research Report on ROK
Insider Activity at Rockwell Automation
In other Rockwell Automation news, SVP Tessa M. Myers sold 1,985 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $409.37, for a total transaction of $812,599.45. Following the transaction, the senior vice president directly owned 4,036 shares in the company, valued at $1,652,217.32. This trade represents a 32.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Rebecca W. House sold 12,100 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $404.27, for a total value of $4,891,667.00. Following the transaction, the senior vice president owned 12,200 shares in the company, valued at $4,932,094. The trade was a 49.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 48,727 shares of company stock worth $19,786,132 over the last three months. Corporate insiders own 0.76% of the company’s stock.
Rockwell Automation Company Profile
Rockwell Automation is a global industrial automation and digital transformation company headquartered in Milwaukee, Wisconsin. The firm designs, manufactures and supports control systems, industrial control hardware and software, and related services that help manufacturers and industrial operators automate processes, improve productivity and enable data-driven decision making. Rockwell traces its heritage to the Allen-Bradley and Rockwell automation businesses and positions itself as a provider of integrated automation solutions across discrete and process industries.
The company’s product portfolio includes programmable logic controllers (PLCs), human-machine interfaces (HMIs), variable frequency drives, sensors, safety components and other industrial control hardware, often marketed under the Allen-Bradley brand.
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