Wealth Enhancement Advisory Services LLC grew its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 4.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,653 shares of the industrial products company’s stock after buying an additional 728 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Rockwell Automation were worth $4,904,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also bought and sold shares of the company. Lumature Wealth Partners LLC purchased a new position in Rockwell Automation in the first quarter worth about $27,000. IronBridge Private Wealth LLC bought a new position in shares of Rockwell Automation during the 4th quarter valued at approximately $27,000. BDO Wealth Advisors LLC raised its holdings in Rockwell Automation by 177.8% during the 4th quarter. BDO Wealth Advisors LLC now owns 125 shares of the industrial products company’s stock valued at $31,000 after buying an additional 80 shares during the period. Pinnacle Bancorp Inc. raised its holdings in Rockwell Automation by 191.1% during the 1st quarter. Pinnacle Bancorp Inc. now owns 131 shares of the industrial products company’s stock valued at $35,000 after buying an additional 86 shares during the period. Finally, Allred Capital Management LLC purchased a new position in Rockwell Automation during the first quarter worth $36,000. Hedge funds and other institutional investors own 75.42% of the company’s stock.
NYSE:ROK traded down $0.97 during mid-day trading on Friday, reaching $280.70. The company’s stock had a trading volume of 8,036 shares, compared to its average volume of 690,580. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.39 and a quick ratio of 1.07. Rockwell Automation, Inc. has a 1 year low of $200.60 and a 1 year high of $281.81. The business’s fifty day simple moving average is $266.01. The stock has a market capitalization of $32.58 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 3.00 and a beta of 1.36.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 10th. Stockholders of record on Monday, August 16th will be issued a $1.07 dividend. The ex-dividend date is Friday, August 13th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 1.52%. Rockwell Automation’s dividend payout ratio is presently 55.73%.
In other news, SVP Rebecca W. House sold 6,268 shares of the company’s stock in a transaction on Monday, May 3rd. The stock was sold at an average price of $265.21, for a total transaction of $1,662,336.28. Following the transaction, the senior vice president now directly owns 12,421 shares of the company’s stock, valued at $3,294,173.41. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Ernest Nicolas sold 319 shares of the business’s stock in a transaction on Tuesday, June 8th. The stock was sold at an average price of $276.29, for a total value of $88,136.51. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,690 shares of company stock valued at $4,988,477. Corporate insiders own 0.79% of the company’s stock.
A number of equities analysts recently commented on ROK shares. Morgan Stanley lifted their price target on shares of Rockwell Automation from $300.00 to $313.00 and gave the stock an “overweight” rating in a research note on Thursday, April 29th. Rosenblatt Securities boosted their target price on Rockwell Automation from $240.00 to $260.00 and gave the company a “neutral” rating in a research report on Monday, May 3rd. Deutsche Bank Aktiengesellschaft increased their price target on Rockwell Automation from $242.00 to $268.00 and gave the stock a “hold” rating in a report on Tuesday, April 13th. Barclays boosted their price objective on Rockwell Automation from $265.00 to $269.00 and gave the company an “equal weight” rating in a report on Tuesday, April 6th. Finally, Oppenheimer increased their target price on Rockwell Automation from $280.00 to $286.00 and gave the stock an “outperform” rating in a research note on Thursday, April 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $266.50.
Rockwell Automation Company Profile
Rockwell Automation, Inc provides industrial automation and digital transformation solutions. The company operates in two segments, Architecture & Software, and Control Products & Solutions. The Architecture & Software segment offers a portfolio of automation and information platforms, including hardware and software.
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