Rockwell Automation, Inc. (NYSE:ROK) Shares Acquired by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC lifted its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 17.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,610 shares of the industrial products company’s stock after purchasing an additional 382 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Rockwell Automation were worth $746,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ROK. Prospera Financial Services Inc boosted its stake in Rockwell Automation by 0.9% during the third quarter. Prospera Financial Services Inc now owns 4,033 shares of the industrial products company’s stock worth $1,083,000 after buying an additional 37 shares during the period. Great Valley Advisor Group Inc. lifted its holdings in shares of Rockwell Automation by 2.2% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,928 shares of the industrial products company’s stock worth $518,000 after acquiring an additional 42 shares during the last quarter. Second Line Capital LLC boosted its position in shares of Rockwell Automation by 5.1% during the 2nd quarter. Second Line Capital LLC now owns 963 shares of the industrial products company’s stock worth $265,000 after purchasing an additional 47 shares during the period. Richardson Financial Services Inc. increased its holdings in Rockwell Automation by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 48 shares during the last quarter. Finally, Moran Wealth Management LLC raised its position in Rockwell Automation by 2.1% in the third quarter. Moran Wealth Management LLC now owns 2,342 shares of the industrial products company’s stock valued at $629,000 after purchasing an additional 48 shares during the period. 75.75% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Rockwell Automation news, SVP Veena M. Lakkundi sold 579 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $266.86, for a total transaction of $154,511.94. Following the transaction, the senior vice president now owns 4,576 shares of the company’s stock, valued at $1,221,151.36. This represents a 11.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Blake D. Moret sold 26,700 shares of Rockwell Automation stock in a transaction on Monday, November 25th. The shares were sold at an average price of $298.63, for a total value of $7,973,421.00. Following the completion of the sale, the chief executive officer now directly owns 78,115 shares of the company’s stock, valued at approximately $23,327,482.45. This represents a 25.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,436 shares of company stock valued at $10,832,549 in the last ninety days. Insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

ROK has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price target on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating for the company in a research report on Wednesday. Mizuho raised their price objective on shares of Rockwell Automation from $245.00 to $270.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Citigroup boosted their target price on Rockwell Automation from $313.00 to $345.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Stephens upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $275.00 to $350.00 in a report on Thursday. Finally, UBS Group started coverage on Rockwell Automation in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $313.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $304.16.

Rockwell Automation Price Performance

Shares of NYSE ROK opened at $287.06 on Friday. The company’s 50-day moving average price is $287.88 and its 200 day moving average price is $274.25. The stock has a market cap of $32.45 billion, a price-to-earnings ratio of 34.67, a PEG ratio of 2.87 and a beta of 1.36. Rockwell Automation, Inc. has a 52 week low of $242.81 and a 52 week high of $307.71. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Thursday, November 7th. The industrial products company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.07. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the prior year, the firm earned $3.64 EPS. Rockwell Automation’s quarterly revenue was down 20.6% on a year-over-year basis. As a group, research analysts forecast that Rockwell Automation, Inc. will post 9.37 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th were issued a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a yield of 1.83%. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.25. The ex-dividend date was Monday, November 18th. Rockwell Automation’s dividend payout ratio is 63.29%.

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.