1,200 Shares in Rockwell Automation, Inc. (NYSE:ROK) Bought by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC bought a new stake in Rockwell Automation, Inc. (NYSE:ROK) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,200 shares of the industrial products company’s stock, valued at approximately $373,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Markel Corp raised its holdings in shares of Rockwell Automation by 1.3% during the first quarter. Markel Corp now owns 152,900 shares of the industrial products company’s stock valued at $42,816,000 after acquiring an additional 2,000 shares during the last quarter. Sei Investments Co. boosted its stake in Rockwell Automation by 10.3% during the 1st quarter. Sei Investments Co. now owns 57,480 shares of the industrial products company’s stock worth $16,221,000 after purchasing an additional 5,386 shares during the last quarter. Prudential PLC purchased a new stake in shares of Rockwell Automation during the first quarter worth $642,000. Sequoia Financial Advisors LLC raised its position in shares of Rockwell Automation by 3.0% in the first quarter. Sequoia Financial Advisors LLC now owns 3,649 shares of the industrial products company’s stock valued at $1,021,000 after buying an additional 107 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Rockwell Automation by 0.9% during the first quarter. Vanguard Group Inc. now owns 11,472,877 shares of the industrial products company’s stock worth $3,212,750,000 after acquiring an additional 106,641 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Analysts Set New Price Targets

ROK has been the topic of a number of research reports. Oppenheimer decreased their target price on shares of Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, February 1st. Mizuho dropped their target price on Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating for the company in a report on Thursday, February 1st. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $254.00 price target on shares of Rockwell Automation in a report on Thursday, March 21st. Wells Fargo & Company lowered their price target on shares of Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating on the stock in a research report on Thursday, February 1st. Finally, Citigroup cut their price objective on shares of Rockwell Automation from $330.00 to $322.00 and set a “buy” rating for the company in a research report on Monday, April 8th. Two equities 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 a consensus rating of “Hold” and a consensus price target of $310.08.

Rockwell Automation Stock Performance

Rockwell Automation stock opened at $278.65 on Thursday. The stock has a market cap of $31.93 billion, a P/E ratio of 26.51, a price-to-earnings-growth ratio of 2.83 and a beta of 1.43. The stock has a 50 day moving average of $283.24 and a 200-day moving average of $284.34. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. Rockwell Automation, Inc. has a 52 week low of $252.11 and a 52 week high of $348.52.

Rockwell Automation (NYSE:ROK) last issued 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 company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.08 billion. Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. During the same quarter last year, the company posted $2.46 EPS. On average, analysts expect that Rockwell Automation, Inc. will post 12.03 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 13th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Friday, May 10th. Rockwell Automation’s dividend payout ratio is presently 47.57%.

Insider Buying and Selling at Rockwell Automation

In other news, VP Scott Genereux sold 500 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 2,383 shares of the company’s stock, valued at $691,070. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Rockwell Automation news, CEO Blake D. Moret purchased 3,500 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was bought at an average price of $283.64 per share, with a total value of $992,740.00. Following the completion of the purchase, the chief executive officer now owns 77,215 shares in the company, valued at approximately $21,901,262.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Scott Genereux sold 500 shares of Rockwell Automation stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $290.00, for a total transaction of $145,000.00. Following the sale, the vice president now owns 2,383 shares in the company, valued at $691,070. The disclosure for this sale can be found here. Insiders sold a total of 17,877 shares of company stock worth $5,058,772 over the last 90 days. Insiders own 0.68% of the company’s stock.

Rockwell Automation Company 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.