Mendel Money Management Purchases 45 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Mendel Money Management lifted its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 1.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,721 shares of the industrial products company’s stock after acquiring an additional 45 shares during the period. Mendel Money Management’s holdings in Rockwell Automation were worth $778,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Amundi lifted its stake in Rockwell Automation by 26.2% in the fourth quarter. Amundi now owns 2,073,594 shares of the industrial products company’s stock valued at $580,095,000 after buying an additional 430,498 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Rockwell Automation in the 4th quarter valued at about $56,887,000. Raymond James Financial Inc. bought a new position in Rockwell Automation in the fourth quarter worth approximately $32,532,000. Thrivent Financial for Lutherans lifted its holdings in shares of Rockwell Automation by 26.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 514,690 shares of the industrial products company’s stock worth $147,093,000 after purchasing an additional 106,257 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its holdings in Rockwell Automation by 27.9% during the fourth quarter. DAVENPORT & Co LLC now owns 408,336 shares of the industrial products company’s stock worth $116,682,000 after buying an additional 88,962 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Price Performance

NYSE:ROK opened at $272.69 on Wednesday. The stock has a fifty day moving average of $279.89 and a 200 day moving average of $278.79. Rockwell Automation, Inc. has a 52-week low of $242.81 and a 52-week high of $308.70. The firm has a market capitalization of $30.83 billion, a price-to-earnings ratio of 33.96, a P/E/G ratio of 3.53 and a beta of 1.39. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. On average, research analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were paid a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Tuesday, February 18th. Rockwell Automation’s dividend payout ratio (DPR) is currently 65.26%.

Insider Transactions at Rockwell Automation

In related news, SVP Tessa M. Myers sold 1,231 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $285.43, for a total transaction of $351,364.33. Following the transaction, the senior vice president now owns 3,650 shares in the company, valued at $1,041,819.50. The trade was a 25.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Terry L. Riesterer sold 850 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $300.21, for a total value of $255,178.50. Following the transaction, the vice president now owns 1,633 shares of the company’s stock, valued at approximately $490,242.93. This represents a 34.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 4,352 shares of company stock worth $1,246,298. 0.68% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ROK has been the topic of several recent research reports. Jefferies Financial Group raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and raised their price target for the company from $290.00 to $350.00 in a research report on Thursday, December 12th. JPMorgan Chase & Co. decreased their price target on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating for the company in a report on Wednesday, January 15th. BNP Paribas cut Rockwell Automation from a “strong-buy” rating to a “hold” 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 upped their target price for the stock from $275.00 to $350.00 in a research note on Thursday, January 16th. Finally, Barclays cut their price target on shares of Rockwell Automation from $300.00 to $285.00 and set an “equal weight” rating on the stock in a report on Monday, March 10th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $307.68.

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.