RWA Wealth Partners LLC Purchases 1,033 Shares of Rockwell Automation, Inc. (NYSE:ROK)

RWA Wealth Partners LLC increased its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 45.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,322 shares of the industrial products company’s stock after buying an additional 1,033 shares during the period. RWA Wealth Partners LLC’s holdings in Rockwell Automation were worth $949,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Rockwell Automation by 0.9% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,775 shares of the industrial products company’s stock worth $1,079,000 after acquiring an additional 33 shares in the last quarter. Whittier Trust Co. increased its holdings in Rockwell Automation by 1.9% in the fourth quarter. Whittier Trust Co. now owns 1,896 shares of the industrial products company’s stock worth $542,000 after purchasing an additional 35 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its stake in Rockwell Automation by 0.9% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company’s stock valued at $1,199,000 after buying an additional 38 shares during the period. Lake Street Advisors Group LLC boosted its holdings in shares of Rockwell Automation by 3.0% during the 4th quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company’s stock worth $386,000 after buying an additional 39 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. grew its position in shares of Rockwell Automation by 3.8% during the 4th quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company’s stock worth $309,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ROK shares. Jefferies Financial Group raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and increased their target price for the stock from $290.00 to $350.00 in a research note on Thursday, December 12th. Morgan Stanley boosted their target price on Rockwell Automation from $335.00 to $345.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Stephens upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $275.00 to $350.00 in a report on Thursday, January 16th. HSBC upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price objective for the company in a report on Wednesday, December 11th. Finally, Wells Fargo & Company lifted their price target on shares of Rockwell Automation from $315.00 to $337.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $307.42.

Rockwell Automation Stock Performance

NYSE:ROK opened at $258.42 on Tuesday. Rockwell Automation, Inc. has a 1 year low of $242.81 and a 1 year high of $308.70. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. The business has a fifty day simple moving average of $278.36 and a two-hundred day simple moving average of $278.91. The company has a market capitalization of $29.22 billion, a P/E ratio of 32.18, a P/E/G ratio of 3.53 and a beta of 1.39.

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

Rockwell Automation Dividend Announcement

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

Insider Activity

In other news, VP Scott Genereux sold 500 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $290.14, for a total transaction of $145,070.00. Following the completion of the transaction, the vice president now directly owns 1,905 shares in the company, valued at $552,716.70. The trade was a 20.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Isaac Woods sold 895 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $274.72, for a total value of $245,874.40. Following the completion of the sale, the vice president now owns 1,198 shares in the company, valued at $329,114.56. This trade represents a 42.76 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,352 shares of company stock worth $1,246,298. 0.68% of the stock is owned by corporate insiders.

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.