367 Shares in Rockwell Automation, Inc. (NYSE:ROK) Bought by ORG Partners LLC

ORG Partners LLC acquired a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 367 shares of the industrial products company’s stock, valued at approximately $97,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its position in Rockwell Automation by 951.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,532,949 shares of the industrial products company’s stock worth $1,611,915,000 after purchasing an additional 5,006,706 shares during the period. Vanguard Group Inc. grew its holdings in shares of Rockwell Automation by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 14,048,986 shares of the industrial products company’s stock worth $4,092,891,000 after purchasing an additional 438,356 shares in the last quarter. Swedbank AB bought a new stake in Rockwell Automation during the first quarter worth about $118,345,000. Champlain Investment Partners LLC lifted its holdings in shares of Rockwell Automation by 82.4% during the 1st quarter. Champlain Investment Partners LLC now owns 859,717 shares of the industrial products company’s stock worth $250,461,000 after acquiring an additional 388,400 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in shares of Rockwell Automation by 32.0% in the 1st quarter. Lazard Asset Management LLC now owns 1,510,019 shares of the industrial products company’s stock valued at $439,912,000 after purchasing an additional 365,795 shares in the last quarter. 75.75% of the stock is owned by institutional investors.

Insider Activity at Rockwell Automation

In other news, SVP Cyril Perducat sold 659 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $260.11, for a total transaction of $171,412.49. Following the completion of the sale, the senior vice president now owns 4,630 shares of the company’s stock, valued at $1,204,309.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, SVP Tessa M. Myers sold 528 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $253.78, for a total value of $133,995.84. Following the completion of the transaction, the senior vice president now owns 3,718 shares of the company’s stock, valued at approximately $943,554.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Cyril Perducat sold 659 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $260.11, for a total value of $171,412.49. Following the transaction, the senior vice president now directly owns 4,630 shares of the company’s stock, valued at approximately $1,204,309.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,732 shares of company stock valued at $445,133. Corporate insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Oppenheimer reduced their price target on shares of Rockwell Automation from $295.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Barclays lowered their price objective on Rockwell Automation from $250.00 to $245.00 and set an “underweight” rating for the company in a research report on Wednesday, July 10th. Bank of America reduced their price target on shares of Rockwell Automation from $300.00 to $270.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Robert W. Baird cut their target price on Rockwell Automation from $304.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. dropped their target price on Rockwell Automation from $245.00 to $227.00 and set an “underweight” rating on the stock in a report on Monday. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Rockwell Automation currently has a consensus rating of “Hold” and a consensus target price of $280.14.

Rockwell Automation Stock Performance

NYSE:ROK traded up $4.88 on Thursday, reaching $266.05. 98,637 shares of the company’s stock were exchanged, compared to its average volume of 957,782. Rockwell Automation, Inc. has a 52 week low of $242.81 and a 52 week high of $317.74. The firm has a market cap of $30.33 billion, a price-to-earnings ratio of 25.53, a P/E/G ratio of 4.71 and a beta of 1.37. 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 stock has a fifty day simple moving average of $265.36 and a 200-day simple moving average of $273.00.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, August 7th. The industrial products company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.08 by $0.63. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.03 billion. Rockwell Automation had a return on equity of 34.83% and a net margin of 13.19%. The firm’s revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the company earned $3.01 EPS. As a group, sell-side analysts predict that Rockwell Automation, Inc. will post 10.07 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 12th will be paid a $1.25 dividend. The ex-dividend date is Monday, August 12th. This represents a $5.00 dividend on an annualized basis and a yield of 1.88%. Rockwell Automation’s dividend payout ratio is presently 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.