Roberts Wealth Advisors LLC Makes New Investment in Rockwell Automation, Inc. (NYSE:ROK)

Roberts Wealth Advisors LLC bought 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. The institutional investor bought 5,901 shares of the industrial products company’s stock, valued at approximately $1,687,000.

Other hedge funds also recently added to or reduced their stakes in the company. Patrick M Sweeney & Associates Inc. acquired a new stake in shares of Rockwell Automation in the 4th quarter valued at $380,000. Sequoia Financial Advisors LLC raised its holdings in shares of Rockwell Automation by 676.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 32,156 shares of the industrial products company’s stock valued at $9,984,000 after purchasing an additional 28,016 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in Rockwell Automation by 0.9% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 11,423 shares of the industrial products company’s stock worth $3,266,000 after acquiring an additional 97 shares in the last quarter. Carnegie Capital Asset Management LLC raised its stake in Rockwell Automation by 5.0% during the 4th quarter. Carnegie Capital Asset Management LLC now owns 85,551 shares of the industrial products company’s stock worth $26,562,000 after acquiring an additional 4,093 shares in the last quarter. Finally, Lincoln National Corp raised its stake in Rockwell Automation by 76.5% during the 4th quarter. Lincoln National Corp now owns 3,111 shares of the industrial products company’s stock worth $966,000 after acquiring an additional 1,348 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation Stock Up 2.8 %

Shares of NYSE ROK opened at $275.28 on Monday. The company has a quick ratio of 0.74, a current ratio of 1.11 and a debt-to-equity ratio of 0.69. Rockwell Automation, Inc. has a 52 week low of $249.00 and a 52 week high of $348.52. The firm has a 50-day moving average price of $266.26 and a 200 day moving average price of $281.52. The stock has a market capitalization of $31.38 billion, a price-to-earnings ratio of 26.91, a price-to-earnings-growth ratio of 4.55 and a beta of 1.37.

Rockwell Automation (NYSE:ROK) last announced 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 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 analysts’ expectations of $2.05 billion. During the same quarter last year, the business earned $3.01 earnings per share. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. Equities research analysts anticipate that Rockwell Automation, Inc. will post 10.15 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The business 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 dividend yield of 1.82%. The ex-dividend date of this dividend is Monday, August 12th. Rockwell Automation’s dividend payout ratio (DPR) is 48.88%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Robert W. Baird cut their price target on shares of Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. Loop Capital cut their price target on shares of Rockwell Automation from $300.00 to $290.00 and set a “hold” rating on the stock in a research note on Tuesday, May 14th. Wells Fargo & Company cut their price target on shares of Rockwell Automation from $320.00 to $312.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. Berenberg Bank reissued a “hold” rating and set a $290.00 price objective (down from $330.00) on shares of Rockwell Automation in a research report on Wednesday, March 6th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $254.00 price objective on shares of Rockwell Automation in a research report on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $305.08.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, SVP Tessa M. Myers sold 248 shares of Rockwell Automation stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $256.37, for a total transaction of $63,579.76. Following the completion of the transaction, the senior vice president now owns 4,246 shares in the company, valued at $1,088,547.02. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Rockwell Automation news, SVP Tessa M. Myers sold 248 shares of Rockwell Automation stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $256.37, for a total transaction of $63,579.76. Following the completion of the transaction, the senior vice president now owns 4,246 shares in the company, valued at $1,088,547.02. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John M. Miller sold 467 shares of Rockwell Automation stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $273.27, for a total transaction of $127,617.09. Following the transaction, the vice president now owns 4,800 shares of the company’s stock, valued at approximately $1,311,696. The disclosure for this sale can be found here. Insiders sold 2,199 shares of company stock worth $572,750 over the last 90 days. Company insiders own 0.68% of the company’s stock.

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.