Rockwell Automation, Inc. (NYSE:ROK) Shares Purchased by Brookstone Capital Management

Brookstone Capital Management raised its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,074 shares of the industrial products company’s stock after purchasing an additional 71 shares during the quarter. Brookstone Capital Management’s holdings in Rockwell Automation were worth $307,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Gladstone Institutional Advisory LLC grew its position in shares of Rockwell Automation by 33.2% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 1,377 shares of the industrial products company’s stock worth $370,000 after acquiring an additional 343 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Rockwell Automation in the 3rd quarter worth approximately $912,000. Nomura Asset Management Co. Ltd. grew its position in shares of Rockwell Automation by 6.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 34,209 shares of the industrial products company’s stock worth $9,184,000 after acquiring an additional 1,928 shares in the last quarter. Vicus Capital acquired a new position in shares of Rockwell Automation in the 3rd quarter worth approximately $304,000. Finally, Nordea Investment Management AB grew its position in shares of Rockwell Automation by 5.9% in the 4th quarter. Nordea Investment Management AB now owns 462,537 shares of the industrial products company’s stock worth $132,554,000 after acquiring an additional 25,882 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Buying and Selling

In related news, SVP Veena M. Lakkundi sold 579 shares of Rockwell Automation stock in a transaction on Monday, November 4th. The stock was sold at an average price of $266.86, for a total value of $154,511.94. Following the transaction, the senior vice president now directly owns 4,576 shares in the company, valued at $1,221,151.36. The trade was a 11.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Scott Genereux sold 279 shares of Rockwell Automation stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $296.13, for a total value of $82,620.27. Following the completion of the transaction, the vice president now owns 2,891 shares in the company, valued at $856,111.83. The trade was a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,436 shares of company stock worth $10,832,549 in the last three months. 0.68% of the stock is currently owned by insiders.

Rockwell Automation Stock Up 2.2 %

ROK opened at $287.06 on Friday. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $307.71. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 1.08. The stock’s fifty day moving average is $287.88 and its 200-day moving average is $274.25. The company has a market capitalization of $32.45 billion, a PE ratio of 34.67, a P/E/G ratio of 2.87 and a beta of 1.36.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Thursday, November 7th. The industrial products company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.07. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the previous year, the business earned $3.64 EPS. The company’s quarterly revenue was down 20.6% compared to the same quarter last year. On average, equities analysts predict that Rockwell Automation, Inc. will post 9.37 EPS for the current fiscal year.

Rockwell Automation Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were issued a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.83%. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Monday, November 18th. Rockwell Automation’s payout ratio is presently 63.29%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ROK. Wells Fargo & Company lifted their target price on Rockwell Automation from $293.00 to $305.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Stephens raised Rockwell Automation from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $275.00 to $350.00 in a report on Thursday. BNP Paribas initiated coverage on Rockwell Automation in a report on Wednesday, November 13th. They issued an “outperform” rating and a $345.00 price target on the stock. KeyCorp raised Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price target on the stock in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. cut their price target on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a report on Wednesday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $304.16.

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.