HighPoint Advisor Group LLC Takes Position in Rockwell Automation, Inc. (NYSE:ROK)

HighPoint Advisor Group LLC bought a new position in Rockwell Automation, Inc. (NYSE:ROKFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,660 shares of the industrial products company’s stock, valued at approximately $1,316,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in Rockwell Automation by 2.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,752,223 shares of the industrial products company’s stock valued at $786,778,000 after acquiring an additional 70,272 shares during the last quarter. Northern Trust Corp raised its stake in shares of Rockwell Automation by 3.2% during the 3rd quarter. Northern Trust Corp now owns 1,399,076 shares of the industrial products company’s stock worth $399,954,000 after acquiring an additional 43,992 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in Rockwell Automation by 0.3% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 900,626 shares of the industrial products company’s stock worth $279,626,000 after purchasing an additional 2,736 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Rockwell Automation by 3.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 678,442 shares of the industrial products company’s stock valued at $210,644,000 after acquiring an additional 19,656 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Rockwell Automation by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 645,485 shares of the industrial products company’s stock valued at $200,410,000 after acquiring an additional 35,070 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Tessa M. Myers sold 528 shares of Rockwell Automation stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $253.78, for a total value of $133,995.84. Following the transaction, the senior vice president now directly owns 3,718 shares of the company’s stock, valued at $943,554.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, SVP Tessa M. Myers sold 528 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $253.78, for a total transaction of $133,995.84. Following the completion of the sale, the senior vice president now directly owns 3,718 shares in the company, valued at $943,554.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tessa M. Myers sold 248 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $256.37, for a total value of $63,579.76. Following the sale, the senior vice president now owns 4,246 shares of the company’s stock, valued at approximately $1,088,547.02. The disclosure for this sale can be found here. Insiders sold a total of 2,199 shares of company stock worth $572,750 in the last quarter. 0.68% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $254.00 target price on shares of Rockwell Automation in a research report on Thursday, March 21st. Barclays decreased their price target on shares of Rockwell Automation from $260.00 to $250.00 and set an “underweight” rating for the company in a research report on Tuesday, June 4th. Citigroup decreased their price objective on shares of Rockwell Automation from $322.00 to $316.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Robert W. Baird dropped their price objective on shares of Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. Finally, Wells Fargo & Company dropped their price target on shares of Rockwell Automation from $320.00 to $312.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Rockwell Automation currently has a consensus rating of “Hold” and an average target price of $307.21.

View Our Latest Research Report on ROK

Rockwell Automation Stock Performance

Shares of ROK traded up $1.83 during midday trading on Tuesday, reaching $260.34. 22,396 shares of the stock were exchanged, compared to its average volume of 967,696. The company has a market cap of $29.68 billion, a P/E ratio of 25.27, a PEG ratio of 3.97 and a beta of 1.38. The stock’s 50 day simple moving average is $269.27 and its 200 day simple moving average is $282.53. Rockwell Automation, Inc. has a twelve month low of $249.00 and a twelve month high of $348.52. The company has a quick ratio of 0.74, a current ratio of 1.11 and a debt-to-equity ratio of 0.69.

Rockwell Automation (NYSE:ROKGet Free Report) last announced its earnings results on Wednesday, May 8th. The industrial products company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.15 by $0.35. Rockwell Automation had a return on equity of 34.83% and a net margin of 13.19%. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the prior year, the business posted $3.01 earnings per share. The firm’s revenue was down 6.6% on a year-over-year basis. On average, sell-side analysts expect that Rockwell Automation, Inc. will post 10.14 earnings per share for the current year.

Rockwell Automation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th will be paid a dividend of $1.25 per share. The ex-dividend date is Monday, August 12th. This represents a $5.00 annualized dividend and a dividend yield of 1.92%. Rockwell Automation’s payout ratio is 48.88%.

About Rockwell Automation

(Free Report)

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.

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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