Revolve Wealth Partners LLC Invests $232,000 in Rockwell Automation, Inc. (NYSE:ROK)

Revolve Wealth Partners LLC purchased a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 798 shares of the industrial products company’s stock, valued at approximately $232,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ROK. Envestnet Asset Management Inc. increased its stake in shares of Rockwell Automation by 46.7% during the third 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 period. Cary Street Partners Investment Advisory LLC boosted its holdings in Rockwell Automation by 1,257.1% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 665 shares of the industrial products company’s stock worth $190,000 after buying an additional 616 shares in the last quarter. Natixis Advisors L.P. boosted its holdings in Rockwell Automation by 11.7% during the third quarter. Natixis Advisors L.P. now owns 30,983 shares of the industrial products company’s stock worth $8,857,000 after buying an additional 3,245 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in Rockwell Automation by 4.6% during the third quarter. O Shaughnessy Asset Management LLC now owns 7,001 shares of the industrial products company’s stock worth $2,001,000 after buying an additional 306 shares in the last quarter. Finally, Mutual Advisors LLC boosted its holdings in Rockwell Automation by 5.4% during the third quarter. Mutual Advisors LLC now owns 1,973 shares of the industrial products company’s stock worth $564,000 after buying an additional 101 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on ROK shares. Wells Fargo & Company decreased their price objective on shares of Rockwell Automation from $320.00 to $312.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. Mizuho reduced their price target on shares of Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $254.00 price target on shares of Rockwell Automation in a report on Thursday, March 21st. Barclays reduced their price target on shares of Rockwell Automation from $260.00 to $250.00 and set an “underweight” rating on the stock in a report on Tuesday, June 4th. Finally, Robert W. Baird reduced their price target on shares of Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $305.08.

Rockwell Automation Stock Performance

Shares of ROK stock opened at $267.63 on Friday. 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 50 day moving average price of $266.27 and a 200 day moving average price of $281.73. The firm has a market capitalization of $30.51 billion, a price-to-earnings ratio of 26.16, a price-to-earnings-growth ratio of 4.17 and a beta of 1.37.

Rockwell Automation (NYSE:ROK) last issued its quarterly 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 net margin of 13.19% and a return on equity of 34.83%. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the prior year, the business posted $3.01 earnings per share. Rockwell Automation’s revenue for the quarter was down 6.6% compared to the same quarter last year. Sell-side analysts anticipate that Rockwell Automation, Inc. will post 10.14 EPS for the current year.

Rockwell Automation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Monday, August 12th. Rockwell Automation’s payout ratio is currently 48.88%.

Insider Transactions at Rockwell Automation

In other news, SVP Cyril Perducat sold 659 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $260.11, for a total value of $171,412.49. Following the completion of the sale, the senior vice president now owns 4,630 shares of the company’s stock, valued at $1,204,309.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Cyril Perducat sold 659 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $260.11, for a total value of $171,412.49. Following the completion of the transaction, the senior vice president now directly owns 4,630 shares in the company, valued at $1,204,309.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Isaac Woods sold 297 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $256.38, for a total transaction of $76,144.86. Following the completion of the transaction, the vice president now owns 1,833 shares of the company’s stock, valued at $469,944.54. The disclosure for this sale can be found here. Insiders sold 2,199 shares of company stock valued at $572,750 over the last 90 days. Corporate insiders own 0.68% of the company’s stock.

About Rockwell Automation

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.