Consolidated Planning Corp Decreases Position in Rockwell Automation, Inc. (NYSE:ROK)

Consolidated Planning Corp lowered its stake in shares of Rockwell Automation, Inc. (NYSE:ROKGet Rating) by 5.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,066 shares of the industrial products company’s stock after selling 67 shares during the period. Consolidated Planning Corp’s holdings in Rockwell Automation were worth $229,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ROK. Amundi increased its stake in shares of Rockwell Automation by 70.1% during the 2nd quarter. Amundi now owns 1,941,741 shares of the industrial products company’s stock worth $387,703,000 after purchasing an additional 800,290 shares during the last quarter. FIFTHDELTA Ltd purchased a new stake in shares of Rockwell Automation during the 2nd quarter worth approximately $102,067,000. Van ECK Associates Corp increased its stake in shares of Rockwell Automation by 2,872.3% during the 2nd quarter. Van ECK Associates Corp now owns 446,463 shares of the industrial products company’s stock worth $88,984,000 after purchasing an additional 431,442 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Rockwell Automation by 13.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,364,908 shares of the industrial products company’s stock worth $471,350,000 after purchasing an additional 288,808 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Rockwell Automation by 51.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 734,371 shares of the industrial products company’s stock worth $146,367,000 after purchasing an additional 248,641 shares during the last quarter. Hedge funds and other institutional investors own 77.66% of the company’s stock.

Rockwell Automation Price Performance

Shares of Rockwell Automation stock opened at $277.98 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 0.72 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $31.92 billion, a PE ratio of 34.88, a price-to-earnings-growth ratio of 3.20 and a beta of 1.44. The business’s 50-day moving average price is $264.56 and its 200-day moving average price is $247.33. Rockwell Automation, Inc. has a 12 month low of $190.08 and a 12 month high of $306.92.

Rockwell Automation (NYSE:ROKGet Rating) last issued its earnings results on Wednesday, November 2nd. The industrial products company reported $3.04 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.10. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Rockwell Automation had a return on equity of 38.84% and a net margin of 12.01%. Rockwell Automation’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.33 EPS. Sell-side analysts forecast that Rockwell Automation, Inc. will post 10.68 EPS for the current fiscal year.

Rockwell Automation Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 12th. Investors of record on Monday, November 14th were issued a dividend of $1.18 per share. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.12. This represents a $4.72 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Thursday, November 10th. Rockwell Automation’s dividend payout ratio is currently 59.22%.

Insider Activity at Rockwell Automation

In other news, SVP Veena M. Lakkundi sold 606 shares of the company’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $242.24, for a total transaction of $146,797.44. Following the completion of the transaction, the senior vice president now directly owns 1,269 shares of the company’s stock, valued at $307,402.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Rockwell Automation news, SVP Frank C. Kulaszewicz sold 291 shares of the business’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $264.40, for a total transaction of $76,940.40. Following the transaction, the senior vice president now directly owns 14,885 shares of the company’s stock, valued at approximately $3,935,594. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Veena M. Lakkundi sold 606 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $242.24, for a total transaction of $146,797.44. Following the completion of the sale, the senior vice president now directly owns 1,269 shares of the company’s stock, valued at $307,402.56. The disclosure for this sale can be found here. Insiders sold 13,304 shares of company stock worth $3,410,562 in the last three months. 0.64% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Rockwell Automation from $180.00 to $195.00 and gave the company an “underweight” rating in a research note on Friday, November 4th. Credit Suisse Group lifted their price objective on shares of Rockwell Automation from $241.00 to $243.00 and gave the company a “neutral” rating in a research note on Thursday, November 3rd. Morgan Stanley lifted their price objective on shares of Rockwell Automation from $269.00 to $284.00 and gave the company an “overweight” rating in a research note on Friday, January 6th. Bank of America lowered shares of Rockwell Automation from a “buy” rating to a “neutral” rating in a research note on Monday, December 12th. Finally, Robert W. Baird raised their price target on shares of Rockwell Automation from $250.00 to $265.00 and gave the company an “outperform” rating in a report on Thursday, November 17th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $245.63.

Rockwell Automation Company Profile

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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.

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

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