Wedmont Private Capital Raises Stake in Rockwell Automation, Inc. (NYSE:ROK)

Wedmont Private Capital boosted its position in Rockwell Automation, Inc. (NYSE:ROK) by 7.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,645 shares of the industrial products company’s stock after buying an additional 268 shares during the period. Wedmont Private Capital’s holdings in Rockwell Automation were worth $1,046,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Valeo Financial Advisors LLC boosted its position in Rockwell Automation by 1.9% in the fourth quarter. Valeo Financial Advisors LLC now owns 1,915 shares of the industrial products company’s stock valued at $595,000 after buying an additional 35 shares during the last quarter. Bison Wealth LLC boosted its position in Rockwell Automation by 3.3% in the fourth quarter. Bison Wealth LLC now owns 1,168 shares of the industrial products company’s stock valued at $363,000 after buying an additional 37 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Rockwell Automation by 3.4% in the fourth quarter. Quadrant Capital Group LLC now owns 1,115 shares of the industrial products company’s stock valued at $346,000 after acquiring an additional 37 shares during the period. Raleigh Capital Management Inc. lifted its holdings in Rockwell Automation by 24.2% in the third quarter. Raleigh Capital Management Inc. now owns 195 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 38 shares during the period. Finally, Cottage Street Advisors LLC lifted its holdings in Rockwell Automation by 3.8% in the fourth quarter. Cottage Street Advisors LLC now owns 1,038 shares of the industrial products company’s stock valued at $319,000 after acquiring an additional 38 shares during the period. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Down 0.7 %

NYSE ROK opened at $258.68 on Friday. The business has a fifty day moving average price of $267.22 and a 200 day moving average price of $281.93. Rockwell Automation, Inc. has a one year low of $249.00 and a one year high of $348.52. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.74 and a current ratio of 1.11. The company has a market cap of $29.49 billion, a P/E ratio of 25.29, a P/E/G ratio of 4.07 and a beta of 1.37.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $2.50 EPS for the quarter, beating 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 firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the prior 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 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 12th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Monday, August 12th. Rockwell Automation’s dividend payout ratio is currently 48.88%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ROK. Loop Capital decreased their price target on Rockwell Automation from $300.00 to $290.00 and set a “hold” rating for the company in a report on Tuesday, May 14th. Robert W. Baird decreased their price target on Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $254.00 price target on shares of Rockwell Automation in a report on Thursday, March 21st. Mizuho decreased their price target on Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Finally, Citigroup decreased their price target on Rockwell Automation from $322.00 to $316.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $307.21.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, VP John M. Miller sold 467 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $273.27, for a total value of $127,617.09. Following the completion of the sale, the vice president now directly owns 4,800 shares in the company, valued at approximately $1,311,696. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Rockwell Automation news, VP John M. Miller sold 467 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $273.27, for a total value of $127,617.09. Following the completion of the sale, the vice president now directly owns 4,800 shares in the company, valued at approximately $1,311,696. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Tessa M. Myers sold 528 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $253.78, for a total value of $133,995.84. Following the completion of the sale, the senior vice president now owns 3,718 shares of the company’s stock, valued at $943,554.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,199 shares of company stock valued at $572,750. 0.68% of the stock is owned by insiders.

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.