702 Shares in Rockwell Automation, Inc. $ROK Bought by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC bought a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 702 shares of the industrial products company’s stock, valued at approximately $233,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legend Financial Advisors Inc. bought a new position in Rockwell Automation during the second quarter worth $39,000. Financial Gravity Asset Management Inc. bought a new position in Rockwell Automation during the first quarter worth $31,000. IMA Advisory Services Inc. bought a new position in Rockwell Automation during the first quarter worth $32,000. Cooksen Wealth LLC bought a new position in Rockwell Automation during the first quarter worth $34,000. Finally, Maryland Capital Advisors Inc. increased its position in Rockwell Automation by 862.5% during the second quarter. Maryland Capital Advisors Inc. now owns 154 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 138 shares during the period. Institutional investors own 75.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ROK shares. KeyCorp boosted their target price on shares of Rockwell Automation from $370.00 to $380.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Oppenheimer boosted their price target on shares of Rockwell Automation from $363.00 to $365.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Wall Street Zen raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. Bank of America raised shares of Rockwell Automation from a “neutral” rating to a “buy” rating and boosted their price target for the company from $360.00 to $410.00 in a report on Wednesday, July 16th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Rockwell Automation from $320.00 to $357.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Rockwell Automation currently has a consensus rating of “Moderate Buy” and an average target price of $347.94.

Rockwell Automation Stock Up 0.9%

ROK opened at $368.89 on Friday. The firm’s 50-day simple moving average is $348.01 and its 200-day simple moving average is $326.64. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.06. Rockwell Automation, Inc. has a twelve month low of $215.00 and a twelve month high of $375.02. The firm has a market cap of $41.48 billion, a price-to-earnings ratio of 43.30, a PEG ratio of 3.30 and a beta of 1.41.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.67 by $0.15. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the prior year, the firm earned $2.71 EPS. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities research analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, November 17th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.31. Rockwell Automation’s payout ratio is currently 61.50%.

Insiders Place Their Bets

In related news, CEO Blake D. Moret sold 24,400 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $350.13, for a total transaction of $8,543,172.00. Following the transaction, the chief executive officer owned 83,873 shares in the company, valued at $29,366,453.49. This represents a 22.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Isaac Woods sold 250 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $350.00, for a total transaction of $87,500.00. Following the transaction, the vice president owned 1,662 shares in the company, valued at approximately $581,700. This trade represents a 13.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 30,375 shares of company stock worth $10,661,109 in the last quarter. 0.68% of the stock is owned by corporate insiders.

Rockwell Automation 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.