Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by Core Wealth Partners LLC

Core Wealth Partners LLC decreased its stake in Rockwell Automation, Inc. (NYSE:ROK) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,045 shares of the industrial products company’s stock after selling 85 shares during the period. Rockwell Automation comprises about 6.9% of Core Wealth Partners LLC’s holdings, making the stock its 2nd largest holding. Core Wealth Partners LLC’s holdings in Rockwell Automation were worth $12,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. West Oak Capital LLC lifted its stake in shares of Rockwell Automation by 455.6% in the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 82 shares during the last quarter. Bank of Jackson Hole Trust acquired a new position in Rockwell Automation in the 4th quarter worth about $34,000. SBI Securities Co. Ltd. bought a new position in Rockwell Automation in the fourth quarter valued at about $35,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Rockwell Automation during the fourth quarter valued at about $38,000. Finally, Knuff & Co LLC grew its holdings in shares of Rockwell Automation by 41.0% during the fourth quarter. Knuff & Co LLC now owns 141 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 41 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Robert W. Baird lifted their target price on shares of Rockwell Automation from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. HSBC raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 target price on the stock in a report on Wednesday, December 11th. Wells Fargo & Company upped their price objective on shares of Rockwell Automation from $315.00 to $337.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Jefferies Financial Group raised Rockwell Automation from a “hold” rating to a “buy” rating and raised their target price for the stock from $290.00 to $350.00 in a research note on Thursday, December 12th. Finally, Loop Capital lifted their price target on shares of Rockwell Automation from $260.00 to $280.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $307.68.

Insider Activity

In other news, VP Isaac Woods sold 895 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $274.72, for a total value of $245,874.40. Following the sale, the vice president now directly owns 1,198 shares of the company’s stock, valued at approximately $329,114.56. This represents a 42.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Scott Genereux sold 500 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $290.14, for a total transaction of $145,070.00. Following the transaction, the vice president now directly owns 1,905 shares of the company’s stock, valued at approximately $552,716.70. This represents a 20.79 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,352 shares of company stock worth $1,246,298. 0.68% of the stock is owned by corporate insiders.

Rockwell Automation Trading Up 1.8 %

Shares of ROK opened at $272.69 on Wednesday. The firm has a market cap of $30.83 billion, a P/E ratio of 33.96, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $308.70. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. The business has a 50-day moving average of $279.89 and a 200 day moving average of $278.79.

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 the consensus estimate of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. As a group, research analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were issued a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Tuesday, February 18th. Rockwell Automation’s payout ratio is currently 65.26%.

About Rockwell Automation

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.