Rockwell Automation, Inc. (NYSE:ROK) Shares Bought by Nwam LLC

Nwam LLC raised its stake in Rockwell Automation, Inc. (NYSE:ROK) by 189.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,017 shares of the industrial products company’s stock after acquiring an additional 1,973 shares during the quarter. Nwam LLC’s holdings in Rockwell Automation were worth $862,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ROK. Accredited Investors Inc. lifted 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 acquiring an additional 1,184,648 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Rockwell Automation by 33.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company’s stock valued at $417,802,000 after acquiring an additional 390,784 shares during the period. DAVENPORT & Co LLC lifted its holdings in Rockwell Automation by 27.9% in the fourth quarter. DAVENPORT & Co LLC now owns 408,336 shares of the industrial products company’s stock valued at $116,682,000 after acquiring an additional 88,962 shares during the period. Truist Financial Corp lifted its holdings in Rockwell Automation by 229.5% in the fourth quarter. Truist Financial Corp now owns 102,347 shares of the industrial products company’s stock valued at $29,250,000 after acquiring an additional 71,288 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in 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 acquiring an additional 67,684 shares during the period. 75.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on ROK. Barclays upped their target price on Rockwell Automation from $285.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. Loop Capital upped their target price on Rockwell Automation from $260.00 to $280.00 and gave the stock a “hold” rating in a research note on Tuesday. HSBC raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 target price for the company in a research note on Wednesday, December 11th. Robert W. Baird upped their target price on Rockwell Automation from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. reduced their target price on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating for the company in a research note on Wednesday, January 15th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Rockwell Automation currently has a consensus rating of “Hold” and a consensus target price of $307.55.

Rockwell Automation Stock Up 1.1 %

Shares of NYSE:ROK opened at $287.51 on Friday. 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 business has a fifty day moving average of $286.05 and a two-hundred day moving average of $278.35. The stock has a market cap of $32.51 billion, a P/E ratio of 35.80, a PEG ratio of 3.53 and a beta of 1.35. Rockwell Automation, Inc. has a 52-week low of $242.81 and a 52-week high of $308.70.

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, beating the consensus estimate 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, research analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current 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 issued a $1.31 dividend. This represents a $5.24 annualized dividend and a yield of 1.82%. The ex-dividend date is Tuesday, February 18th. Rockwell Automation’s payout ratio is currently 65.26%.

Insider Buying and Selling at Rockwell Automation

In other news, CEO Blake D. Moret sold 1,741 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $296.67, for a total transaction of $516,502.47. Following the completion of the transaction, the chief executive officer now directly owns 80,309 shares in the company, valued at approximately $23,825,271.03. This represents a 2.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Scott Genereux sold 279 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $296.13, for a total value of $82,620.27. Following the transaction, the vice president now owns 2,891 shares of the company’s stock, valued at approximately $856,111.83. This represents a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,540 shares of company stock worth $1,935,134 in the last three months. 0.68% of the stock is owned by corporate insiders.

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.