Cwm LLC Has $766,000 Position in Rockwell Automation, Inc. (NYSE:ROK)

Cwm LLC boosted its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 2.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,628 shares of the industrial products company’s stock after purchasing an additional 63 shares during the quarter. Cwm LLC’s holdings in Rockwell Automation were worth $766,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. QRG Capital Management Inc. purchased a new position in Rockwell Automation during the 3rd quarter worth $822,000. Envestnet Portfolio Solutions Inc. purchased a new position in Rockwell Automation during the 3rd quarter worth $905,000. Envestnet Asset Management Inc. boosted its holdings in Rockwell Automation by 46.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 55,767 shares of the industrial products company’s stock worth $15,942,000 after acquiring an additional 17,747 shares during the last quarter. CI Investments Inc. boosted its holdings in Rockwell Automation by 3.0% during the 3rd quarter. CI Investments Inc. now owns 1,622 shares of the industrial products company’s stock worth $464,000 after acquiring an additional 47 shares during the last quarter. Finally, Rathbones Group PLC purchased a new position in Rockwell Automation during the 3rd quarter worth $254,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analysts Set New Price Targets

ROK has been the subject of several research analyst reports. Mizuho decreased their target price on Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $254.00 target price on shares of Rockwell Automation in a research report on Thursday, March 21st. Citigroup decreased their target price on Rockwell Automation from $322.00 to $316.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Berenberg Bank reaffirmed a “hold” rating and set a $290.00 target price (down from $330.00) on shares of Rockwell Automation in a research report on Wednesday, March 6th. Finally, Robert W. Baird cut their price target on Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Rockwell Automation presently has a consensus rating of “Hold” and an average target price of $307.21.

Rockwell Automation Stock Up 0.1 %

Shares of NYSE ROK opened at $260.53 on Friday. Rockwell Automation, Inc. has a 52 week low of $249.00 and a 52 week high of $348.52. The business has a 50-day simple moving average of $267.74 and a two-hundred day simple moving average of $282.08. The company has a quick ratio of 0.74, a current ratio of 1.11 and a debt-to-equity ratio of 0.69. The company has a market cap of $29.70 billion, a P/E ratio of 25.47, a P/E/G ratio of 4.07 and a beta of 1.37.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, May 8th. The industrial products company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.15 by $0.35. Rockwell Automation had a return on equity of 34.83% and a net margin of 13.19%. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter last year, the company earned $3.01 EPS. The firm’s revenue was down 6.6% compared to the same quarter last year. Research analysts anticipate that Rockwell Automation, Inc. will post 10.14 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th will be issued a $1.25 dividend. The ex-dividend date is Monday, August 12th. This represents a $5.00 annualized dividend and a dividend yield of 1.92%. Rockwell Automation’s payout ratio is currently 48.88%.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, SVP Tessa M. Myers sold 248 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $256.37, for a total value of $63,579.76. Following the sale, the senior vice president now owns 4,246 shares of the company’s stock, valued at approximately $1,088,547.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Rockwell Automation news, SVP Tessa M. Myers sold 248 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $256.37, for a total value of $63,579.76. Following the sale, the senior vice president now owns 4,246 shares of the company’s stock, valued at approximately $1,088,547.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Isaac Woods sold 297 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $256.38, for a total value of $76,144.86. Following the completion of the sale, the vice president now directly owns 1,833 shares in the company, valued at approximately $469,944.54. The disclosure for this sale can be found here. Insiders have sold a total of 2,199 shares of company stock valued at $572,750 in the last 90 days. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Company 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.