Navigoe LLC Makes New Investment in Rockwell Automation, Inc. (NYSE:ROK)

Navigoe LLC purchased a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 353 shares of the industrial products company’s stock, valued at approximately $100,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. West Oak Capital LLC raised its holdings in Rockwell Automation by 455.6% during the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after buying an additional 82 shares in the last quarter. Bank of Jackson Hole Trust bought a new position in shares of Rockwell Automation in the 4th quarter valued at approximately $34,000. SBI Securities Co. Ltd. acquired a new stake in Rockwell Automation in the 4th quarter worth approximately $35,000. Flagship Wealth Advisors LLC acquired a new stake in Rockwell Automation in the 4th quarter worth approximately $38,000. Finally, Knuff & Co LLC boosted its position in Rockwell Automation by 41.0% during the fourth quarter. Knuff & Co LLC now owns 141 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, SVP Matheus De A. G. Viera Bulho sold 293 shares of Rockwell Automation stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $257.68, for a total value of $75,500.24. Following the completion of the transaction, the senior vice president now owns 1,922 shares in the company, valued at approximately $495,260.96. The trade was a 13.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Scott Genereux sold 500 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $290.14, for a total value of $145,070.00. Following the sale, the vice president now owns 1,905 shares in the company, valued at $552,716.70. The trade was a 20.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,750 shares of company stock valued at $1,075,923. 0.68% of the stock is owned by insiders.

Analysts Set New Price Targets

ROK has been the subject of a number of analyst reports. BNP Paribas upgraded shares of Rockwell Automation from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 9th. Oppenheimer boosted their target price on shares of Rockwell Automation from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Wells Fargo & Company raised their price target on Rockwell Automation from $315.00 to $337.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. KeyCorp cut their price objective on Rockwell Automation from $345.00 to $275.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Finally, Citigroup lowered their target price on Rockwell Automation from $350.00 to $283.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Rockwell Automation presently has a consensus rating of “Hold” and a consensus target price of $297.11.

Rockwell Automation Stock Performance

NYSE:ROK opened at $247.63 on Wednesday. The firm has a market capitalization of $28.00 billion, a PE ratio of 30.84, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $308.70. The firm has a 50-day moving average price of $254.98 and a 200 day moving average price of $274.09.

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

Rockwell Automation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be paid a $1.31 dividend. The ex-dividend date is Monday, May 19th. This represents a $5.24 annualized dividend and a dividend yield of 2.12%. Rockwell Automation’s dividend payout ratio is presently 65.26%.

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.