Rockwell Automation, Inc. (NYSE:ROK) Shares Purchased by S.E.E.D. Planning Group LLC

S.E.E.D. Planning Group LLC boosted its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 23.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,847 shares of the industrial products company’s stock after purchasing an additional 353 shares during the quarter. S.E.E.D. Planning Group LLC’s holdings in Rockwell Automation were worth $538,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ROK. Envestnet Asset Management Inc. boosted its holdings in Rockwell Automation by 46.7% in the third quarter. Envestnet Asset Management Inc. now owns 55,767 shares of the industrial products company’s stock worth $15,942,000 after purchasing an additional 17,747 shares during the period. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Rockwell Automation by 1,257.1% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 665 shares of the industrial products company’s stock valued at $190,000 after acquiring an additional 616 shares during the period. Natixis Advisors L.P. boosted its holdings in shares of Rockwell Automation by 11.7% during the third quarter. Natixis Advisors L.P. now owns 30,983 shares of the industrial products company’s stock valued at $8,857,000 after acquiring an additional 3,245 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in shares of Rockwell Automation by 4.6% during the third quarter. O Shaughnessy Asset Management LLC now owns 7,001 shares of the industrial products company’s stock valued at $2,001,000 after acquiring an additional 306 shares during the period. Finally, Mutual Advisors LLC boosted its holdings in shares of Rockwell Automation by 5.4% during the third quarter. Mutual Advisors LLC now owns 1,973 shares of the industrial products company’s stock valued at $564,000 after acquiring an additional 101 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Activity

In other news, SVP Tessa M. Myers sold 528 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $253.78, for a total value of $133,995.84. Following the transaction, the senior vice president now owns 3,718 shares in the company, valued at approximately $943,554.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Cyril Perducat sold 659 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $260.11, for a total transaction of $171,412.49. Following the transaction, the senior vice president now owns 4,630 shares in the company, valued at approximately $1,204,309.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Tessa M. Myers sold 528 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $253.78, for a total transaction of $133,995.84. Following the transaction, the senior vice president now owns 3,718 shares in the company, valued at approximately $943,554.04. The disclosure for this sale can be found here. Insiders have sold 2,199 shares of company stock worth $572,750 in the last 90 days. Company insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on ROK. Robert W. Baird reduced their price target on shares of Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. Berenberg Bank reissued a “hold” rating and set a $290.00 price target (down previously from $330.00) on shares of Rockwell Automation in a report on Wednesday, March 6th. Loop Capital reduced their price objective on shares of Rockwell Automation from $300.00 to $290.00 and set a “hold” rating for the company in a report on Tuesday, May 14th. Mizuho reduced their price objective on shares of Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $254.00 price objective on shares of Rockwell Automation in a report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Rockwell Automation presently has an average rating of “Hold” and a consensus price target of $305.08.

Rockwell Automation Trading Up 2.8 %

NYSE ROK traded up $7.62 on Friday, hitting $275.28. 4,325,877 shares of the company were exchanged, compared to its average volume of 862,749. The company’s 50 day moving average price is $266.26 and its 200-day moving average price is $281.60. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.11 and a quick ratio of 0.74. The firm has a market capitalization of $31.38 billion, a P/E ratio of 26.91, a price-to-earnings-growth ratio of 4.18 and a beta of 1.37. Rockwell Automation, Inc. has a twelve month low of $249.00 and a twelve month high of $348.52.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.35. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.05 billion. Rockwell Automation had a return on equity of 34.83% and a net margin of 13.19%. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.01 EPS. Analysts predict that Rockwell Automation, Inc. will post 10.14 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th will be issued a $1.25 dividend. The ex-dividend date is Monday, August 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.82%. Rockwell Automation’s dividend payout ratio is 48.88%.

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.