Rockwell Automation, Inc. (NYSE:ROK) Stock Holdings Decreased by Western Wealth Management LLC

Western Wealth Management LLC reduced its position in Rockwell Automation, Inc. (NYSE:ROK) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,954 shares of the industrial products company’s stock after selling 190 shares during the period. Western Wealth Management LLC’s holdings in Rockwell Automation were worth $1,538,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ROK. Imprint Wealth LLC grew its position in Rockwell Automation by 32,845.0% during the second quarter. Imprint Wealth LLC now owns 1,254,546 shares of the industrial products company’s stock valued at $125,455,000 after purchasing an additional 1,250,738 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in Rockwell Automation by 87,404.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,236,433 shares of the industrial products company’s stock valued at $318,468,000 after purchasing an additional 1,235,020 shares in the last quarter. Norges Bank purchased a new position in Rockwell Automation during the fourth quarter valued at approximately $215,125,000. Morgan Stanley grew its position in Rockwell Automation by 20.0% during the fourth quarter. Morgan Stanley now owns 2,741,019 shares of the industrial products company’s stock valued at $706,004,000 after purchasing an additional 457,383 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Rockwell Automation by 13.8% during the first quarter. JPMorgan Chase & Co. now owns 2,638,992 shares of the industrial products company’s stock valued at $774,411,000 after purchasing an additional 320,524 shares in the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Rockwell Automation

In related news, VP Scott Genereux sold 500 shares of the company’s stock in a transaction on Monday, March 4th. The shares were 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 in the company, valued at approximately $691,070. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Scott Genereux sold 500 shares of the company’s stock in a transaction on Monday, March 4th. The shares were 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 in the company, valued at approximately $691,070. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Brian A. Shepherd sold 637 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $262.87, for a total transaction of $167,448.19. Following the transaction, the vice president now owns 5,088 shares of the company’s stock, valued at $1,337,482.56. The disclosure for this sale can be found here. Insiders sold a total of 17,877 shares of company stock worth $5,058,772 in the last ninety days. 0.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ROK. UBS Group raised shares of Rockwell Automation from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $305.00 to $360.00 in a research report on Wednesday, January 3rd. Citigroup decreased their target price 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. Wells Fargo & Company decreased their target price on shares of Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating for the company in a research report on Thursday, February 1st. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $254.00 target price on shares of Rockwell Automation in a research report on Thursday, March 21st. Finally, Oppenheimer decreased their target price on shares of Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $310.08.

Rockwell Automation Price Performance

Shares of Rockwell Automation stock opened at $269.96 on Friday. The firm has a fifty day simple moving average of $282.86 and a 200-day simple moving average of $284.17. 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 1-year low of $252.11 and a 1-year high of $348.52. The stock has a market capitalization of $30.93 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 2.76 and a beta of 1.43.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.58). Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same quarter in the previous year, the firm posted $2.46 earnings per share. On average, sell-side analysts expect that Rockwell Automation, Inc. will post 11.98 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.85%. The ex-dividend date is Friday, May 10th. Rockwell Automation’s payout ratio is currently 47.57%.

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.