Cedar Point Capital Partners LLC Makes New Investment in Rockwell Automation, Inc. (NYSE:ROK)

Cedar Point Capital Partners LLC acquired a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 1,481 shares of the industrial products company’s stock, valued at approximately $460,000.

Several other institutional investors have also recently bought and sold shares of the business. OFI Invest Asset Management bought a new stake in shares of Rockwell Automation in the 3rd quarter worth $26,000. Provence Wealth Management Group bought a new stake in shares of Rockwell Automation in the 3rd quarter worth $27,000. Bruce G. Allen Investments LLC bought a new stake in shares of Rockwell Automation in the 4th quarter worth $27,000. BluePath Capital Management LLC bought a new stake in shares of Rockwell Automation in the 3rd quarter worth $29,000. Finally, Fortitude Family Office LLC bought a new stake in shares of Rockwell Automation in the 4th quarter worth $46,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Price Performance

ROK traded up $3.17 on Friday, reaching $280.12. The company had a trading volume of 626,143 shares, compared to its average volume of 866,051. The business has a 50 day simple moving average of $282.51 and a 200 day simple moving average of $283.77. The company has a market cap of $32.10 billion, a price-to-earnings ratio of 26.66, a P/E/G ratio of 2.79 and a beta of 1.43. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.25. Rockwell Automation, Inc. has a 52-week low of $252.11 and a 52-week high of $348.52.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.58). The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. During the same period in the prior year, the business earned $2.46 earnings per share. As a group, sell-side analysts anticipate that Rockwell Automation, Inc. will post 11.98 EPS for the current year.

Rockwell Automation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 13th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Friday, May 10th. Rockwell Automation’s payout ratio is currently 47.57%.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP Brian A. Shepherd sold 637 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $262.87, for a total transaction of $167,448.19. Following the transaction, the vice president now directly owns 5,088 shares in the company, valued at $1,337,482.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Rockwell Automation news, VP Brian A. Shepherd sold 637 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $262.87, for a total transaction of $167,448.19. Following the transaction, the vice president now directly owns 5,088 shares in the company, valued at $1,337,482.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Scott Genereux sold 500 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $290.00, for a total transaction of $145,000.00. Following the transaction, the vice president now owns 2,383 shares in the company, valued at $691,070. The disclosure for this sale can be found here. Insiders have sold 17,877 shares of company stock worth $5,058,772 over the last ninety days. Insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on ROK shares. UBS Group upgraded shares of Rockwell Automation from a “neutral” rating to a “buy” rating and upped their target price for the stock from $305.00 to $360.00 in a research note on Wednesday, January 3rd. Wells Fargo & Company reduced their price target on shares of Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating for the company in a research report on Thursday, February 1st. JPMorgan Chase & Co. restated an “underweight” rating and set a $254.00 price target on shares of Rockwell Automation in a research report on Thursday, March 21st. Citigroup reduced their price target on shares of Rockwell Automation from $330.00 to $322.00 and set a “buy” rating for the company in a research report on Monday, April 8th. Finally, Berenberg Bank reiterated a “hold” rating and set a $290.00 target price (down previously from $330.00) on shares of Rockwell Automation in a research report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $310.08.

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.