Seven Mile Advisory Increases Position in Rockwell Automation, Inc. (NYSE:ROK)

Seven Mile Advisory grew its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 859 shares of the industrial products company’s stock after purchasing an additional 58 shares during the period. Seven Mile Advisory’s holdings in Rockwell Automation were worth $245,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. MCF Advisors LLC lifted its holdings in Rockwell Automation by 95.8% in the 4th quarter. MCF Advisors LLC now owns 2,332 shares of the industrial products company’s stock valued at $667,000 after acquiring an additional 1,141 shares during the last quarter. Ameritas Advisory Services LLC increased its position in Rockwell Automation by 99.1% in the 4th quarter. Ameritas Advisory Services LLC now owns 5,187 shares of the industrial products company’s stock worth $1,482,000 after buying an additional 2,582 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in shares of Rockwell Automation by 6.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 34,209 shares of the industrial products company’s stock valued at $9,184,000 after buying an additional 1,928 shares during the period. Nordea Investment Management AB boosted its stake in Rockwell Automation by 5.9% during the fourth quarter. Nordea Investment Management AB now owns 462,537 shares of the industrial products company’s stock worth $132,554,000 after buying an additional 25,882 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Rockwell Automation by 7.3% in the 3rd quarter. Wellington Management Group LLP now owns 789 shares of the industrial products company’s stock worth $212,000 after buying an additional 54 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Rockwell Automation from $315.00 to $337.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Stephens upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $275.00 to $350.00 in a research note on Thursday, January 16th. Citigroup boosted their target price on shares of Rockwell Automation from $345.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. KeyCorp upgraded shares of Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 target price for the company in a research report on Monday, December 9th. Finally, Jefferies Financial Group upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and upped their price target for the stock from $290.00 to $350.00 in a report on Thursday, December 12th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Rockwell Automation has an average rating of “Hold” and an average price target of $307.42.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, SVP Tessa M. Myers sold 1,231 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $285.43, for a total value of $351,364.33. Following the transaction, the senior vice president now directly owns 3,650 shares of the company’s stock, valued at approximately $1,041,819.50. The trade was a 25.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Terry L. Riesterer sold 850 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $300.21, for a total value of $255,178.50. Following the completion of the sale, the vice president now directly owns 1,633 shares of the company’s stock, valued at approximately $490,242.93. This trade represents a 34.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,352 shares of company stock worth $1,246,298 over the last ninety days. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Trading Down 3.7 %

NYSE:ROK opened at $258.22 on Monday. The company has a market capitalization of $29.20 billion, a P/E ratio of 32.16, a PEG ratio of 3.53 and a beta of 1.39. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 12 month low of $242.81 and a 12 month high of $308.70. The firm has a fifty day simple moving average of $278.93 and a 200-day simple moving average of $278.91.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. On average, equities research analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were given a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Tuesday, February 18th. Rockwell Automation’s dividend payout ratio is presently 65.26%.

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.