SeaCrest Wealth Management LLC Boosts Stake in Rockwell Automation, Inc. (NYSE:ROK)

SeaCrest Wealth Management LLC raised its position in Rockwell Automation, Inc. (NYSE:ROK) by 5.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,371 shares of the industrial products company’s stock after buying an additional 70 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Rockwell Automation were worth $354,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust purchased a new stake in Rockwell Automation in the 4th quarter valued at $34,000. SBI Securities Co. Ltd. purchased a new stake in shares of Rockwell Automation in the fourth quarter valued at about $35,000. Parvin Asset Management LLC purchased a new stake in shares of Rockwell Automation in the fourth quarter valued at about $36,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Rockwell Automation in the fourth quarter valued at about $38,000. Finally, Knuff & Co LLC raised its holdings in shares of Rockwell Automation by 41.0% in the fourth quarter. Knuff & Co LLC now owns 141 shares of the industrial products company’s stock valued at $40,000 after buying an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Oppenheimer upped their price objective on Rockwell Automation from $258.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. Wells Fargo & Company upped their price target on Rockwell Automation from $265.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Loop Capital upped their price objective on shares of Rockwell Automation from $280.00 to $290.00 and gave the stock a “hold” rating in a research report on Thursday, May 15th. Robert W. Baird upped their price objective on shares of Rockwell Automation from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Finally, The Goldman Sachs Group upped their price objective on shares of Rockwell Automation from $257.00 to $290.00 and gave the stock a “sell” rating in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $316.21.

Insider Transactions at Rockwell Automation

In related news, VP Terry L. Riesterer sold 2,500 shares of Rockwell Automation stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $304.13, for a total transaction of $760,325.00. Following the completion of the sale, the vice president now owns 1,033 shares in the company, valued at approximately $314,166.29. This trade represents a 70.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Matthew W. Fordenwalt sold 500 shares of Rockwell Automation stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $295.01, for a total value of $147,505.00. Following the sale, the senior vice president now owns 2,838 shares of the company’s stock, valued at approximately $837,238.38. This represents a 14.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,405 shares of company stock valued at $1,640,796 in the last ninety days. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Performance

NYSE ROK opened at $324.56 on Friday. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $324.80. The company has a market capitalization of $36.58 billion, a P/E ratio of 40.42, a PEG ratio of 3.53 and a beta of 1.38. The business has a 50 day moving average price of $270.57 and a 200 day moving average price of $278.68. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.36. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter last year, the business posted $2.50 earnings per share. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. Sell-side analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, May 19th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.61%. Rockwell Automation’s dividend payout ratio (DPR) is 65.99%.

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.