Telemus Capital LLC Has $520,000 Position in Rockwell Automation, Inc. (NYSE:ROK)

Telemus Capital LLC lessened its position in Rockwell Automation, Inc. (NYSE:ROK) by 4.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,674 shares of the industrial products company’s stock after selling 79 shares during the quarter. Telemus Capital LLC’s holdings in Rockwell Automation were worth $520,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ROK. KLCM Advisors Inc. increased its stake in shares of Rockwell Automation by 16.6% in the third quarter. KLCM Advisors Inc. now owns 1,136 shares of the industrial products company’s stock valued at $325,000 after buying an additional 162 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Rockwell Automation by 9.4% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,728 shares of the industrial products company’s stock valued at $780,000 after purchasing an additional 234 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Rockwell Automation by 676.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 32,156 shares of the industrial products company’s stock valued at $9,984,000 after purchasing an additional 28,016 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Rockwell Automation by 0.9% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 11,423 shares of the industrial products company’s stock valued at $3,266,000 after purchasing an additional 97 shares in the last quarter. Finally, Carnegie Capital Asset Management LLC grew its stake in Rockwell Automation by 5.0% in the fourth quarter. Carnegie Capital Asset Management LLC now owns 85,551 shares of the industrial products company’s stock valued at $26,562,000 after acquiring an additional 4,093 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ROK shares. Berenberg Bank reiterated a “hold” rating and set a $290.00 price target (down previously from $330.00) on shares of Rockwell Automation in a report on Wednesday, March 6th. Barclays lowered their target price on shares of Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating for the company in a report on Tuesday, April 2nd. Oppenheimer dropped their price target on shares of Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, February 1st. Citigroup dropped their price target on shares of Rockwell Automation from $330.00 to $322.00 and set a “buy” rating on the stock in a research report on Monday, April 8th. Finally, Mizuho dropped 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. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Rockwell Automation presently has a consensus rating of “Hold” and an average target price of $310.08.

Insider Activity

In other news, VP Scott Genereux sold 500 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $280.52, for a total value of $140,260.00. Following the sale, the vice president now owns 4,383 shares of the company’s stock, valued at $1,229,519.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, VP Scott Genereux sold 500 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $280.52, for a total value of $140,260.00. Following the sale, the vice president now owns 4,383 shares of the company’s stock, valued at $1,229,519.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Blake D. Moret acquired 3,500 shares of Rockwell Automation stock in a transaction that occurred on Monday, February 12th. The shares were purchased at an average cost of $283.64 per share, with a total value of $992,740.00. Following the purchase, the chief executive officer now owns 77,215 shares of the company’s stock, valued at approximately $21,901,262.60. The disclosure for this purchase can be found here. Insiders have sold a total of 17,877 shares of company stock valued at $5,058,772 over the last quarter. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Performance

Shares of ROK stock opened at $273.58 on Tuesday. The firm’s 50-day simple moving average is $282.72 and its two-hundred day simple moving average is $284.05. Rockwell Automation, Inc. has a 52 week low of $252.11 and a 52 week high of $348.52. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.25. The firm has a market cap of $31.35 billion, a price-to-earnings ratio of 26.03, a P/E/G ratio of 2.72 and a beta of 1.43.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by ($0.58). Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period last year, the firm earned $2.46 EPS. As a group, equities analysts forecast that Rockwell Automation, Inc. will post 11.98 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 13th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Friday, May 10th. Rockwell Automation’s dividend payout ratio (DPR) is currently 47.57%.

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.