Rockwell Automation, Inc. (NYSE:ROK) Shares Bought by Klein Pavlis & Peasley Financial Inc.

Klein Pavlis & Peasley Financial Inc. grew its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 102.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,241 shares of the industrial products company’s stock after buying an additional 4,678 shares during the quarter. Rockwell Automation comprises 2.1% of Klein Pavlis & Peasley Financial Inc.’s investment portfolio, making the stock its 15th biggest holding. Klein Pavlis & Peasley Financial Inc.’s holdings in Rockwell Automation were worth $2,641,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ROK. State Street Corp lifted its holdings in Rockwell Automation by 0.3% in the third quarter. State Street Corp now owns 4,648,137 shares of the industrial products company’s stock valued at $1,247,839,000 after acquiring an additional 11,949 shares during the period. Geode Capital Management LLC raised its holdings in Rockwell Automation by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,683,202 shares of the industrial products company’s stock worth $717,865,000 after purchasing an additional 14,040 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Rockwell Automation by 33.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company’s stock worth $417,802,000 after purchasing an additional 390,784 shares in the last quarter. Accredited Investors Inc. grew its holdings in Rockwell Automation by 162,058.5% in the third quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company’s stock valued at $318,227,000 after purchasing an additional 1,184,648 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Rockwell Automation by 6.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,811 shares of the industrial products company’s stock valued at $303,041,000 after buying an additional 67,684 shares in the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Rockwell Automation news, Director James P. Keane sold 2,000 shares of the firm’s stock in a transaction dated 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 $3,409,328. This trade represents a 14.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Blake D. Moret sold 26,700 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $298.63, for a total value of $7,973,421.00. Following the transaction, the chief executive officer now directly owns 78,115 shares of the company’s stock, valued at $23,327,482.45. This trade represents a 25.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,857 shares of company stock worth $10,678,037. 0.68% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Mizuho increased their price objective on shares of Rockwell Automation from $245.00 to $270.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Bank of America raised their price objective on shares of Rockwell Automation from $270.00 to $285.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. UBS Group initiated coverage on Rockwell Automation in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $313.00 target price on the stock. Stephens raised Rockwell Automation from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $275.00 to $350.00 in a research report on Thursday, January 16th. Finally, Robert W. Baird boosted their price target on Rockwell Automation from $290.00 to $305.00 and gave the stock an “outperform” rating in a report on Tuesday, November 26th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Rockwell Automation presently has a consensus rating of “Hold” and a consensus target price of $304.16.

Rockwell Automation Price Performance

ROK opened at $270.36 on Thursday. Rockwell Automation, Inc. has a 52-week low of $242.81 and a 52-week high of $304.29. The company has a 50 day moving average of $287.28 and a two-hundred day moving average of $275.09. The company has a market cap of $30.56 billion, a P/E ratio of 32.65, a P/E/G ratio of 3.00 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 0.70.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Thursday, November 7th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.07. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter last year, the company earned $3.64 earnings per share. Rockwell Automation’s revenue for the quarter was down 20.6% on a year-over-year basis. On average, analysts expect that Rockwell Automation, Inc. will post 9.32 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be given a $1.31 dividend. This represents a $5.24 annualized dividend and a dividend yield of 1.94%. Rockwell Automation’s payout ratio is 63.29%.

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.