Rockwell Automation, Inc. (NYSE:ROK) Shares Bought by Fortitude Advisory Group L.L.C.

Fortitude Advisory Group L.L.C. grew its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 3.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,082 shares of the industrial products company’s stock after purchasing an additional 40 shares during the period. Fortitude Advisory Group L.L.C.’s holdings in Rockwell Automation were worth $309,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Marshall Wace LLP increased its holdings in Rockwell Automation by 70.5% in the second quarter. Marshall Wace LLP now owns 11,400 shares of the industrial products company’s stock valued at $3,138,000 after buying an additional 4,713 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Rockwell Automation by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 70,288 shares of the industrial products company’s stock worth $19,345,000 after purchasing an additional 284 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Rockwell Automation during the second quarter worth $1,349,000. Ascent Group LLC increased its position in shares of Rockwell Automation by 23.6% in the second quarter. Ascent Group LLC now owns 3,285 shares of the industrial products company’s stock valued at $904,000 after buying an additional 627 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of Rockwell Automation by 0.7% during the 2nd quarter. NewEdge Advisors LLC now owns 19,882 shares of the industrial products company’s stock worth $5,473,000 after buying an additional 134 shares during the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Mizuho raised their target price on shares of Rockwell Automation from $245.00 to $270.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. UBS Group began coverage on Rockwell Automation in a research report on Wednesday, November 13th. They set a “neutral” rating and a $313.00 price objective for the company. Morgan Stanley boosted their price target on Rockwell Automation from $320.00 to $335.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. JPMorgan Chase & Co. cut their target price on shares of Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating for the company in a research note on Wednesday, January 15th. Finally, Robert W. Baird upped their target price on shares of Rockwell Automation from $290.00 to $305.00 and gave the company an “outperform” rating in a report on Tuesday, November 26th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $304.16.

Rockwell Automation Price Performance

Shares of Rockwell Automation stock opened at $284.31 on Tuesday. The stock has a market capitalization of $32.14 billion, a P/E ratio of 34.34, a PEG ratio of 3.11 and a beta of 1.36. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70. The business’s fifty day moving average price is $288.50 and its 200 day moving average price is $275.25. Rockwell Automation, Inc. has a twelve month low of $242.81 and a twelve month high of $307.71.

Rockwell Automation (NYSE:ROK) last issued its 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 return on equity of 30.42% and a net margin of 11.53%. The business had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the previous year, the business earned $3.64 EPS. The company’s revenue for the quarter was down 20.6% on a year-over-year basis. As a group, research analysts anticipate that Rockwell Automation, Inc. will post 9.32 earnings per share for the current year.

Rockwell Automation Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were paid a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date was Monday, November 18th. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.25. Rockwell Automation’s dividend payout ratio (DPR) is currently 63.29%.

Insider Buying and Selling

In other Rockwell Automation news, CEO Blake D. Moret sold 26,700 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $298.63, for a total transaction of $7,973,421.00. Following the transaction, the chief executive officer now owns 78,115 shares in the company, valued at $23,327,482.45. The trade was a 25.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP John M. Miller sold 467 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $284.07, for a total value of $132,660.69. Following the completion of the sale, the vice president now owns 4,800 shares of the company’s stock, valued at approximately $1,363,536. This trade represents a 8.87 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 36,436 shares of company stock valued at $10,832,549. Company insiders own 0.68% of the company’s stock.

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.