Alaethes Wealth LLC Has $1.59 Million Position in Rockwell Automation, Inc. (NYSE:ROK)

Alaethes Wealth LLC increased its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,559 shares of the industrial products company’s stock after buying an additional 74 shares during the period. Alaethes Wealth LLC’s holdings in Rockwell Automation were worth $1,589,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. West Oak Capital LLC grew its stake in shares of Rockwell Automation by 455.6% in the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 82 shares during the last quarter. Bank of Jackson Hole Trust acquired a new stake in shares of Rockwell Automation in the fourth quarter valued at about $34,000. SBI Securities Co. Ltd. bought a new position in shares of Rockwell Automation during the fourth quarter worth about $35,000. Parvin Asset Management LLC acquired a new position in shares of Rockwell Automation in the fourth quarter worth approximately $36,000. Finally, Flagship Wealth Advisors LLC bought a new stake in Rockwell Automation in the fourth quarter valued at approximately $38,000. 75.75% of the stock is owned by institutional investors.

Insider Activity

In other Rockwell Automation news, VP Terry L. Riesterer sold 850 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total value of $255,178.50. Following the completion of the transaction, the vice president now owns 1,633 shares in the company, valued at $490,242.93. This represents a 34.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Isaac Woods sold 876 shares of Rockwell Automation stock in a transaction on Friday, February 28th. The stock was sold at an average price of $284.03, for a total value of $248,810.28. Following the sale, the vice president now owns 1,057 shares in the company, valued at $300,219.71. The trade was a 45.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,750 shares of company stock valued at $1,075,923 over the last three months. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Trading Up 1.7 %

Shares of Rockwell Automation stock opened at $253.48 on Friday. The company has a market capitalization of $28.66 billion, a P/E ratio of 31.57, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. The stock has a fifty day simple moving average of $252.47 and a 200 day simple moving average of $273.60. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $308.70. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. On average, sell-side analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be paid a $1.31 dividend. The ex-dividend date is Monday, May 19th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.07%. Rockwell Automation’s payout ratio is presently 65.26%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ROK shares. KeyCorp dropped their price target on shares of Rockwell Automation from $345.00 to $275.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Barclays decreased their price target on Rockwell Automation from $280.00 to $260.00 and set an “equal weight” rating for the company in a report on Thursday, April 10th. The Goldman Sachs Group upped their target price on Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a research report on Tuesday, February 11th. Citigroup lowered their target price on Rockwell Automation from $350.00 to $283.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Loop Capital increased their price target on Rockwell Automation from $260.00 to $280.00 and gave the stock a “hold” rating in a report on Tuesday, February 25th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $297.11.

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.