Myriad Asset Management US LP Makes New Investment in Rockwell Automation, Inc. (NYSE:ROK)

Myriad Asset Management US LP purchased a new position in Rockwell Automation, Inc. (NYSE:ROK) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,778 shares of the industrial products company’s stock, valued at approximately $1,651,000. Rockwell Automation accounts for approximately 1.1% of Myriad Asset Management US LP’s investment portfolio, making the stock its 26th biggest position.

Other large investors have also bought and sold shares of the company. Prospera Financial Services Inc lifted its stake in shares of Rockwell Automation by 0.9% in the third quarter. Prospera Financial Services Inc now owns 4,033 shares of the industrial products company’s stock valued at $1,083,000 after buying an additional 37 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its stake in shares of Rockwell Automation by 0.9% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company’s stock valued at $1,199,000 after buying an additional 38 shares in the last quarter. Fortitude Advisory Group L.L.C. lifted its stake in shares of Rockwell Automation by 3.8% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company’s stock valued at $309,000 after buying an additional 40 shares in the last quarter. Great Valley Advisor Group Inc. lifted its position in shares of Rockwell Automation by 2.2% during the third quarter. Great Valley Advisor Group Inc. now owns 1,928 shares of the industrial products company’s stock valued at $518,000 after purchasing an additional 42 shares in the last quarter. Finally, Richardson Financial Services Inc. lifted its position in shares of Rockwell Automation by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 48 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation Price Performance

Shares of NYSE:ROK opened at $294.81 on Friday. The company has a 50 day moving average of $286.26 and a 200 day moving average of $275.81. The stock has a market cap of $33.32 billion, a P/E ratio of 35.61, a P/E/G ratio of 2.89 and a beta of 1.35. Rockwell Automation, Inc. has a 12 month low of $242.81 and a 12 month high of $308.70. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.61 by $0.22. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. As a group, sell-side analysts forecast that Rockwell Automation, Inc. will post 9.32 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be given a dividend of $1.31 per share. 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 presently 63.29%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ROK shares. Robert W. Baird raised their price target on shares of Rockwell Automation from $305.00 to $315.00 and gave the company an “outperform” rating in a research report on Tuesday. Oppenheimer raised their price target on shares of Rockwell Automation from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Tuesday. Wells Fargo & Company raised their price target on shares of Rockwell Automation from $315.00 to $337.00 and gave the company an “overweight” rating in a research report on Tuesday. KeyCorp raised shares of Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price objective on the stock in a research report on Monday, December 9th. Finally, Barclays lifted their price objective on shares of Rockwell Automation from $285.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $308.05.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP John M. Miller sold 467 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $284.07, for a total transaction of $132,660.69. Following the transaction, the vice president now directly owns 4,800 shares of the company’s stock, valued at approximately $1,363,536. The trade was a 8.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Cyril Perducat sold 1,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00. Following the transaction, the senior vice president now owns 3,630 shares in the company, valued at $1,089,000. This represents a 21.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 36,707 shares of company stock worth $10,933,215 over the last three months. 0.68% of the stock is owned by insiders.

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.