Impact Capital Partners LLC Takes $247,000 Position in Rockwell Automation, Inc. (NYSE:ROK)

Impact Capital Partners LLC acquired a new stake in Rockwell Automation, Inc. (NYSE:ROK) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 864 shares of the industrial products company’s stock, valued at approximately $247,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MCF Advisors LLC grew its position in shares of Rockwell Automation by 95.8% in the 4th quarter. MCF Advisors LLC now owns 2,332 shares of the industrial products company’s stock valued at $667,000 after acquiring an additional 1,141 shares during the period. Ameritas Advisory Services LLC lifted its stake in shares of Rockwell Automation by 99.1% during the 4th quarter. Ameritas Advisory Services LLC now owns 5,187 shares of the industrial products company’s stock worth $1,482,000 after buying an additional 2,582 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Rockwell Automation during the 3rd quarter worth about $912,000. Nomura Asset Management Co. Ltd. lifted its stake in shares of Rockwell Automation by 6.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 34,209 shares of the industrial products company’s stock worth $9,184,000 after buying an additional 1,928 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Rockwell Automation by 5.9% during the 4th quarter. Nordea Investment Management AB now owns 462,537 shares of the industrial products company’s stock worth $132,554,000 after buying an additional 25,882 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Insider Buying and Selling

In related news, SVP Tessa M. Myers sold 1,231 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $285.43, for a total transaction of $351,364.33. Following the completion of the sale, the senior vice president now owns 3,650 shares in the company, valued at approximately $1,041,819.50. This trade represents a 25.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Scott Genereux sold 500 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $290.14, for a total transaction of $145,070.00. Following the sale, the vice president now owns 1,905 shares of the company’s stock, valued at $552,716.70. This trade represents a 20.79 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,352 shares of company stock worth $1,246,298. Insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Up 1.9 %

ROK opened at $260.09 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. The company’s 50-day moving average is $282.10 and its 200 day moving average is $278.59. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $308.70. The firm has a market capitalization of $29.41 billion, a P/E ratio of 32.39, a PEG ratio of 3.53 and a beta of 1.39.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. Research analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were given a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Tuesday, February 18th. Rockwell Automation’s payout ratio is currently 65.26%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ROK shares. Morgan Stanley boosted their price objective on shares of Rockwell Automation from $335.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. HSBC upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price objective for the company in a research report on Wednesday, December 11th. Jefferies Financial Group upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and upped their price target for the company from $290.00 to $350.00 in a research report on Thursday, December 12th. Loop Capital upped their price target on shares of Rockwell Automation from $260.00 to $280.00 and gave the company a “hold” rating in a research report on Tuesday, February 25th. Finally, Barclays decreased their price objective on shares of Rockwell Automation from $300.00 to $285.00 and set an “equal weight” rating for the company in a research report on Monday, March 10th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Rockwell Automation presently has a consensus rating of “Hold” and a consensus price target of $307.68.

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.