Global Trust Asset Management LLC Increases Stake in Rockwell Automation, Inc. (NYSE:ROK)

Global Trust Asset Management LLC increased its holdings in Rockwell Automation, Inc. (NYSE:ROKFree Report) by 18.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,284 shares of the industrial products company’s stock after purchasing an additional 512 shares during the quarter. Global Trust Asset Management LLC’s holdings in Rockwell Automation were worth $939,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ROK. Prospera Financial Services Inc grew its stake in shares of Rockwell Automation by 0.9% during the third quarter. Prospera Financial Services Inc now owns 4,033 shares of the industrial products company’s stock valued at $1,083,000 after buying an additional 37 shares during the last quarter. Great Valley Advisor Group Inc. boosted its holdings in Rockwell Automation by 2.2% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,928 shares of the industrial products company’s stock valued at $518,000 after acquiring an additional 42 shares during the period. Second Line Capital LLC grew its position in Rockwell Automation by 5.1% during the 2nd quarter. Second Line Capital LLC now owns 963 shares of the industrial products company’s stock worth $265,000 after acquiring an additional 47 shares during the last quarter. Richardson Financial Services Inc. increased its stake in Rockwell Automation by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 48 shares during the period. Finally, Moran Wealth Management LLC lifted its position in Rockwell Automation by 2.1% in the third quarter. Moran Wealth Management LLC now owns 2,342 shares of the industrial products company’s stock valued at $629,000 after purchasing an additional 48 shares during the last quarter. 75.75% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Rockwell Automation news, SVP Veena M. Lakkundi sold 579 shares of Rockwell Automation stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $266.86, for a total value of $154,511.94. Following the completion of the sale, the senior vice president now owns 4,576 shares of the company’s stock, valued at approximately $1,221,151.36. The trade was a 11.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John M. Miller sold 467 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $284.07, for a total value of $132,660.69. Following the transaction, the vice president now directly owns 4,800 shares in the company, valued at $1,363,536. The trade was a 8.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,436 shares of company stock valued at $10,832,549. 0.68% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. KeyCorp upgraded shares of Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 target price on the stock in a report on Monday, December 9th. Wells Fargo & Company raised their price target on shares of Rockwell Automation from $293.00 to $305.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. UBS Group initiated coverage on shares of Rockwell Automation in a research note on Wednesday, November 13th. They set a “neutral” rating and a $313.00 price objective for the company. Bank of America raised their target price on Rockwell Automation from $270.00 to $285.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, BNP Paribas assumed coverage on Rockwell Automation in a report on Wednesday, November 13th. They set an “outperform” rating and a $345.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned 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 $304.16.

View Our Latest Stock Analysis on Rockwell Automation

Rockwell Automation Trading Up 1.5 %

NYSE:ROK opened at $290.99 on Wednesday. The company’s 50-day simple moving average is $288.06 and its 200 day simple moving average is $274.52. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $307.71. The firm has a market capitalization of $32.89 billion, a P/E ratio of 35.14, a PEG ratio of 3.08 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.08 and a quick ratio of 0.72.

Rockwell Automation (NYSE:ROKGet Free Report) last announced its quarterly earnings results on Thursday, November 7th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.07. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the previous year, the business posted $3.64 EPS. Rockwell Automation’s revenue was down 20.6% compared to the same quarter last year. As a group, analysts forecast that Rockwell Automation, Inc. will post 9.32 EPS for the current fiscal year.

Rockwell Automation Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were given a dividend of $1.31 per share. The ex-dividend date was Monday, November 18th. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.25. This represents a $5.24 annualized dividend and a dividend yield of 1.80%. Rockwell Automation’s dividend payout ratio (DPR) is 63.29%.

Rockwell Automation Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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