1,500 Shares in Rockwell Automation, Inc. (NYSE:ROK) Bought by Cullinan Associates Inc.

Cullinan Associates Inc. acquired a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,500 shares of the industrial products company’s stock, valued at approximately $437,000.

Several other institutional investors and hedge funds have also modified their holdings of ROK. Valeo Financial Advisors LLC increased its stake in Rockwell Automation by 1.9% in the 4th quarter. Valeo Financial Advisors LLC now owns 1,915 shares of the industrial products company’s stock worth $595,000 after acquiring an additional 35 shares during the last quarter. Bison Wealth LLC lifted its holdings in Rockwell Automation by 3.3% in the 4th quarter. Bison Wealth LLC now owns 1,168 shares of the industrial products company’s stock worth $363,000 after buying an additional 37 shares during the period. Quadrant Capital Group LLC raised its position in shares of Rockwell Automation by 3.4% in the 4th quarter. Quadrant Capital Group LLC now owns 1,115 shares of the industrial products company’s stock worth $346,000 after acquiring an additional 37 shares in the last quarter. Raleigh Capital Management Inc. raised its position in shares of Rockwell Automation by 24.2% in the 3rd quarter. Raleigh Capital Management Inc. now owns 195 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 38 shares in the last quarter. Finally, Cottage Street Advisors LLC increased its position in Rockwell Automation by 3.8% during the 4th quarter. Cottage Street Advisors LLC now owns 1,038 shares of the industrial products company’s stock valued at $319,000 after buying an additional 38 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, SVP Tessa M. Myers sold 528 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $253.78, for a total transaction of $133,995.84. Following the sale, the senior vice president now owns 3,718 shares in the company, valued at $943,554.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, 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 transaction of $133,995.84. Following the completion of the sale, the senior vice president now directly owns 3,718 shares of the company’s stock, valued at approximately $943,554.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Tessa M. Myers sold 248 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $256.37, for a total transaction of $63,579.76. Following the transaction, the senior vice president now owns 4,246 shares of the company’s stock, valued at $1,088,547.02. The disclosure for this sale can be found here. Insiders have sold 2,199 shares of company stock worth $572,750 in the last ninety days. 0.68% of the stock is currently owned by corporate insiders.

Rockwell Automation Stock Performance

Rockwell Automation stock opened at $264.90 on Wednesday. The firm’s fifty day moving average price is $266.10 and its 200 day moving average price is $281.23. The company has a market capitalization of $30.20 billion, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 4.55 and a beta of 1.37. Rockwell Automation, Inc. has a 12-month low of $249.00 and a 12-month high of $348.52. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.11 and a quick ratio of 0.74.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results 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. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.05 billion. Rockwell Automation had a net margin of 13.19% and a return on equity of 34.83%. The company’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $3.01 EPS. On average, research analysts forecast that Rockwell Automation, Inc. will post 10.15 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors 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 dividend on an annualized basis and a dividend yield of 1.89%. Rockwell Automation’s payout ratio is currently 48.88%.

Wall Street Analyst Weigh In

ROK has been the subject of a number of research analyst reports. Mizuho reduced their target price on Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Berenberg Bank restated a “hold” rating and issued a $290.00 price objective (down from $330.00) on shares of Rockwell Automation in a research report on Wednesday, March 6th. Loop Capital reduced their target price on Rockwell Automation from $300.00 to $290.00 and set a “hold” rating on the stock in a report on Tuesday, May 14th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $254.00 price objective on shares of Rockwell Automation in a research note on Thursday, March 21st. Finally, Citigroup lowered 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, seven have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $305.08.

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.