Atria Investments Inc Has $346,000 Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

Atria Investments Inc lowered its stake in Rockwell Automation, Inc. (NYSE:ROK) by 56.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,289 shares of the industrial products company’s stock after selling 1,681 shares during the quarter. Atria Investments Inc’s holdings in Rockwell Automation were worth $346,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Carmel Capital Partners LLC raised its stake in Rockwell Automation by 24.3% during the 3rd quarter. Carmel Capital Partners LLC now owns 6,792 shares of the industrial products company’s stock worth $1,823,000 after buying an additional 1,329 shares during the period. Lindbrook Capital LLC raised its stake in shares of Rockwell Automation by 9.0% in the 3rd quarter. Lindbrook Capital LLC now owns 699 shares of the industrial products company’s stock valued at $188,000 after purchasing an additional 58 shares during the period. Assetmark Inc. raised its stake in shares of Rockwell Automation by 5.7% in the 3rd quarter. Assetmark Inc. now owns 2,486 shares of the industrial products company’s stock valued at $667,000 after purchasing an additional 135 shares during the period. Rovin Capital UT ADV acquired a new stake in shares of Rockwell Automation in the 3rd quarter valued at about $286,000. Finally, Fiera Capital Corp raised its stake in shares of Rockwell Automation by 6.5% in the 3rd quarter. Fiera Capital Corp now owns 9,689 shares of the industrial products company’s stock valued at $2,601,000 after purchasing an additional 589 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Activity

In related news, SVP Veena M. Lakkundi sold 579 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $266.86, for a total transaction of $154,511.94. Following the transaction, the senior vice president now owns 4,576 shares in the company, valued at $1,221,151.36. The trade was a 11.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John M. Miller sold 467 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $284.07, for a total transaction of $132,660.69. Following the completion of the sale, the vice president now owns 4,800 shares in the company, valued at approximately $1,363,536. This trade represents a 8.87 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

ROK has been the subject of several analyst reports. UBS Group initiated coverage on Rockwell Automation in a report on Wednesday, November 13th. They issued a “neutral” rating and a $313.00 price objective for the company. Wells Fargo & Company raised their price objective on Rockwell Automation from $293.00 to $305.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Barclays raised their price objective on Rockwell Automation from $245.00 to $255.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Robert W. Baird raised their price objective on Rockwell Automation from $280.00 to $290.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Oppenheimer raised their price objective on Rockwell Automation from $288.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $286.13.

Rockwell Automation Trading Down 0.7 %

ROK opened at $278.13 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.08 and a quick ratio of 0.72. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $312.76. The firm has a market capitalization of $31.40 billion, a PE ratio of 33.59, a P/E/G ratio of 2.89 and a beta of 1.36. The company’s 50-day moving average is $270.83 and its 200 day moving average is $267.11.

Rockwell Automation (NYSE:ROK) last released its earnings results on Thursday, November 7th. The industrial products company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.07. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.06 billion. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. The company’s revenue was down 20.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.64 EPS. As a group, research analysts predict that Rockwell Automation, Inc. will post 9.46 earnings per share for the current fiscal year.

Rockwell Automation declared that its Board of Directors has authorized a share buyback plan on Thursday, September 5th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the industrial products company to buy up to 3.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

Rockwell Automation Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th will be paid a $1.31 dividend. The ex-dividend date is Monday, November 18th. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.25. This represents a $5.24 annualized dividend and a yield of 1.88%. Rockwell Automation’s dividend payout ratio is currently 63.29%.

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.