Bryce Point Capital LLC Makes New Investment in Rockwell Automation, Inc. (NYSE:ROK)

Bryce Point Capital LLC bought a new stake in Rockwell Automation, Inc. (NYSE:ROK) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,518 shares of the industrial products company’s stock, valued at approximately $1,005,000.

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

Analyst Ratings Changes

ROK has been the topic of several recent analyst reports. Barclays dropped their target price on Rockwell Automation from $285.00 to $280.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 26th. KeyCorp upgraded Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price objective on the stock in a report on Monday, December 9th. HSBC upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 target price for the company in a research note on Wednesday, December 11th. Wells Fargo & Company increased their price target on shares of Rockwell Automation from $315.00 to $337.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating for the company in a research report on Wednesday, January 15th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Rockwell Automation currently has an average rating of “Hold” and a consensus price target of $307.42.

Insider Buying and Selling

In other Rockwell Automation news, VP Isaac Woods sold 895 shares of the firm’s 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 of the company’s stock, valued at approximately $329,114.56. This trade represents a 42.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Scott Genereux sold 500 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $290.14, for a total transaction of $145,070.00. Following the transaction, the vice president now directly owns 1,905 shares in the company, valued at approximately $552,716.70. This trade represents a 20.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,352 shares of company stock valued at $1,246,298 over the last ninety days. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Up 0.8 %

Rockwell Automation stock opened at $260.75 on Thursday. The stock has a 50 day moving average of $277.15 and a two-hundred day moving average of $278.76. Rockwell Automation, Inc. has a twelve month low of $242.81 and a twelve month high of $308.70. The stock has a market capitalization of $29.48 billion, a price-to-earnings ratio of 32.47, 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 (NYSE:ROK) last issued its quarterly earnings results 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%. As a group, research analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be paid a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.01%. Rockwell Automation’s dividend payout ratio (DPR) is 65.26%.

About Rockwell Automation

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.