WASHINGTON TRUST Co purchased a new stake in Rockwell Automation (NYSE:ROK) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,616 shares of the industrial products company’s stock, valued at approximately $395,000.

Other hedge funds also recently modified their holdings of the company. OmniStar Financial Group Inc. bought a new stake in Rockwell Automation during the first quarter worth $29,000. Asset Dedication LLC lifted its stake in Rockwell Automation by 117.4% during the first quarter. Asset Dedication LLC now owns 200 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 108 shares during the last quarter. Delta Asset Management LLC TN bought a new stake in Rockwell Automation during the fourth quarter worth $33,000. Solstein Capital LLC bought a new stake in Rockwell Automation during the fourth quarter worth $33,000. Finally, FinTrust Capital Advisors LLC bought a new stake in Rockwell Automation during the fourth quarter worth $34,000. Institutional investors and hedge funds own 74.69% of the company’s stock.

NYSE ROK opened at $197.87 on Friday. The company has a market capitalization of $22.39 billion, a price-to-earnings ratio of 32.65, a PEG ratio of 3.45 and a beta of 1.47. Rockwell Automation has a twelve month low of $115.38 and a twelve month high of $209.60. The stock has a fifty day simple moving average of $170.31 and a 200 day simple moving average of $186.25. The company has a quick ratio of 1.21, a current ratio of 1.57 and a debt-to-equity ratio of 2.37.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.82 by $0.61. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.61 billion. Rockwell Automation had a return on equity of 118.85% and a net margin of 10.54%. Rockwell Automation’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.04 earnings per share. Research analysts expect that Rockwell Automation will post 7.2 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 18th will be issued a $1.02 dividend. The ex-dividend date is Friday, May 15th. This represents a $4.08 dividend on an annualized basis and a yield of 2.06%. Rockwell Automation’s payout ratio is 47.06%.

In related news, Director James Phillip Holloman sold 1,582 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $194.34, for a total value of $307,445.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.77% of the company’s stock.

Several equities research analysts have weighed in on the company. Morgan Stanley upped their target price on Rockwell Automation from $162.00 to $177.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. G.Research cut Rockwell Automation from a “hold” rating to a “sell” rating in a research note on Thursday, April 30th. Vertical Research cut Rockwell Automation from a “hold” rating to a “sell” rating and set a $120.00 target price for the company. in a research note on Tuesday, March 31st. Barclays upped their target price on Rockwell Automation from $175.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Finally, Gordon Haskett upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $175.00 price target for the company in a research note on Wednesday, March 25th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $185.24.

Rockwell Automation Profile

Rockwell Automation, Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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