MONECO Advisors LLC Grows Position in Rockwell Automation, Inc. (NYSE:ROK)

MONECO Advisors LLC lifted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,603 shares of the industrial products company’s stock after purchasing an additional 86 shares during the quarter. MONECO Advisors LLC’s holdings in Rockwell Automation were worth $744,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ROK. Richardson Financial Services Inc. grew its position in Rockwell Automation by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock worth $26,000 after buying an additional 48 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of Rockwell Automation during the 3rd quarter valued at approximately $26,000. West Oak Capital LLC boosted its stake in shares of Rockwell Automation by 455.6% during the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 82 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of Rockwell Automation in the 3rd quarter worth approximately $34,000. Finally, Bank of Jackson Hole Trust purchased a new position in Rockwell Automation in the 4th quarter valued at approximately $34,000. 75.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ROK has been the topic of a number of research analyst reports. KeyCorp upgraded Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 target price on the stock in a research report on Monday, December 9th. Citigroup increased their price objective on shares of Rockwell Automation from $345.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Stephens upgraded shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $275.00 to $350.00 in a research report on Thursday, January 16th. Jefferies Financial Group upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and increased their price target for the company from $290.00 to $350.00 in a research report on Thursday, December 12th. Finally, Oppenheimer lifted their price objective on Rockwell Automation from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $308.05.

Rockwell Automation Stock Down 2.7 %

Shares of NYSE ROK opened at $294.95 on Monday. The stock has a market capitalization of $33.35 billion, a PE ratio of 36.73, a P/E/G ratio of 3.53 and a beta of 1.35. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. The firm has a fifty day moving average of $286.31 and a 200-day moving average of $277.55. Rockwell Automation, Inc. has a 52-week low of $242.81 and a 52-week high of $308.70.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating 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%. On average, analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be issued a $1.31 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $5.24 annualized dividend and a yield of 1.78%. Rockwell Automation’s payout ratio is 65.26%.

Insider Buying and Selling at Rockwell Automation

In other news, Director James P. Keane sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $296.00, for a total value of $592,000.00. Following the transaction, the director now owns 11,518 shares of the company’s stock, valued at approximately $3,409,328. This trade represents a 14.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Scott Genereux sold 279 shares of Rockwell Automation stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $296.13, for a total transaction of $82,620.27. Following the transaction, the vice president now owns 2,891 shares in the company, valued at $856,111.83. The trade was a 8.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,540 shares of company stock valued at $2,527,134 over the last ninety days. Corporate insiders own 0.68% of the company’s stock.

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.