Bison Wealth LLC Increases Stock Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Bison Wealth LLC increased its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 3.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,168 shares of the industrial products company’s stock after purchasing an additional 37 shares during the quarter. Bison Wealth LLC’s holdings in Rockwell Automation were worth $363,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. KLCM Advisors Inc. lifted its position in shares of Rockwell Automation by 16.6% in the third quarter. KLCM Advisors Inc. now owns 1,136 shares of the industrial products company’s stock valued at $325,000 after acquiring an additional 162 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in Rockwell Automation by 9.4% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,728 shares of the industrial products company’s stock valued at $780,000 after purchasing an additional 234 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Rockwell Automation by 676.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 32,156 shares of the industrial products company’s stock valued at $9,984,000 after purchasing an additional 28,016 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of Rockwell Automation by 0.9% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 11,423 shares of the industrial products company’s stock worth $3,266,000 after purchasing an additional 97 shares during the last quarter. Finally, Carnegie Capital Asset Management LLC grew its holdings in shares of Rockwell Automation by 5.0% during the fourth quarter. Carnegie Capital Asset Management LLC now owns 85,551 shares of the industrial products company’s stock worth $26,562,000 after buying an additional 4,093 shares in the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Rockwell Automation Stock Performance

Shares of NYSE:ROK opened at $281.42 on Wednesday. The firm has a market capitalization of $32.25 billion, a PE ratio of 26.78, a P/E/G ratio of 2.87 and a beta of 1.43. Rockwell Automation, Inc. has a 12 month low of $252.11 and a 12 month high of $348.52. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.25 and a quick ratio of 0.80. The business has a 50-day moving average of $283.05 and a two-hundred day moving average of $284.38.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.58). The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.08 billion. Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. During the same period last year, the company posted $2.46 EPS. As a group, research analysts forecast that Rockwell Automation, Inc. will post 12.03 earnings per share for the current year.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 13th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Friday, May 10th. Rockwell Automation’s dividend payout ratio is presently 47.57%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ROK. Barclays reduced their price objective on shares of Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 2nd. Wells Fargo & Company reduced their price target on Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating on the stock in a research note on Thursday, February 1st. JPMorgan Chase & Co. restated an “underweight” rating and set a $254.00 price objective on shares of Rockwell Automation in a report on Thursday, March 21st. Citigroup dropped their target price on Rockwell Automation from $330.00 to $322.00 and set a “buy” rating for the company in a research note on Monday, April 8th. Finally, Mizuho decreased their price target on Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating on the stock in a research note on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Rockwell Automation currently has an average rating of “Hold” and an average price target of $310.08.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, VP Scott Genereux sold 500 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $290.00, for a total transaction of $145,000.00. Following the transaction, the vice president now owns 2,383 shares in the company, valued at $691,070. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, VP Isaac Woods sold 150 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $287.59, for a total value of $43,138.50. Following the completion of the transaction, the vice president now directly owns 1,199 shares in the company, valued at $344,820.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Scott Genereux sold 500 shares of Rockwell Automation stock in a transaction on Monday, March 4th. The stock was sold at an average price of $290.00, for a total transaction of $145,000.00. Following the sale, the vice president now directly owns 2,383 shares in the company, valued at approximately $691,070. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,877 shares of company stock worth $5,058,772. 0.68% of the stock is currently owned by corporate insiders.

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.