Tyche Wealth Partners LLC Takes $373,000 Position in Rockwell Automation, Inc. (NYSE:ROK)

Tyche Wealth Partners LLC purchased a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 1,200 shares of the industrial products company’s stock, valued at approximately $373,000.

Other institutional investors also recently modified their holdings of the company. Imprint Wealth LLC grew its holdings in Rockwell Automation by 32,845.0% during the 2nd quarter. Imprint Wealth LLC now owns 1,254,546 shares of the industrial products company’s stock worth $125,455,000 after acquiring an additional 1,250,738 shares during the period. Moneta Group Investment Advisors LLC lifted its stake in Rockwell Automation by 87,404.1% in 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 buying an additional 1,235,020 shares during the period. Norges Bank bought a new position in Rockwell Automation during the fourth quarter worth about $215,125,000. Morgan Stanley increased its stake in shares of Rockwell Automation by 20.0% in the 4th quarter. Morgan Stanley now owns 2,741,019 shares of the industrial products company’s stock valued at $706,004,000 after acquiring an additional 457,383 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Rockwell Automation by 13.8% during the 1st quarter. JPMorgan Chase & Co. now owns 2,638,992 shares of the industrial products company’s stock worth $774,411,000 after acquiring an additional 320,524 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ROK shares. Mizuho reduced their price target on shares of Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating on the stock 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 note on Thursday, March 21st. Citigroup lowered their price target on Rockwell Automation from $330.00 to $322.00 and set a “buy” rating for the company in a report on Monday, April 8th. Wells Fargo & Company dropped their target price on shares of Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating on the stock in a report on Thursday, February 1st. Finally, Oppenheimer reduced their price target on shares of Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $310.08.

Rockwell Automation Stock Down 1.0 %

ROK opened at $278.65 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. The stock’s fifty day simple moving average is $283.24 and its 200 day simple moving average is $284.34. Rockwell Automation, Inc. has a 1-year low of $252.11 and a 1-year high of $348.52. The stock has a market cap of $31.93 billion, a PE ratio of 26.51, a price-to-earnings-growth ratio of 2.83 and a beta of 1.43.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, January 31st. The industrial products company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.62 by ($0.58). The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate 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 in the previous year, the firm posted $2.46 EPS. As a group, research analysts expect that Rockwell Automation, Inc. will post 12.03 earnings per share for the current year.

Rockwell Automation Dividend Announcement

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

Insider Buying and Selling at Rockwell Automation

In related news, VP Scott Genereux sold 500 shares of the stock in a transaction that occurred 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 sale, the vice president now owns 2,383 shares in the company, valued at approximately $691,070. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Brian A. Shepherd sold 637 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $262.87, for a total transaction of $167,448.19. Following the sale, the vice president now owns 5,088 shares in the company, valued at approximately $1,337,482.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Scott Genereux sold 500 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $290.00, for a total value 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 approximately $691,070. The disclosure for this sale can be found here. Insiders have sold a total of 17,877 shares of company stock valued at $5,058,772 in the last ninety days. 0.68% of the stock is currently owned by company insiders.

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.