Rockwell Automation, Inc. (NYSE:ROK) Shares Acquired by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC lifted its stake in Rockwell Automation, Inc. (NYSE:ROK) by 1.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,295 shares of the industrial products company’s stock after acquiring an additional 53 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Rockwell Automation were worth $942,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ROK. Prospera Financial Services Inc increased 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 purchasing an additional 37 shares during the period. Great Valley Advisor Group Inc. lifted its holdings in Rockwell Automation by 2.2% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,928 shares of the industrial products company’s stock worth $518,000 after buying an additional 42 shares in the last quarter. Second Line Capital LLC lifted its holdings in 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 buying an additional 47 shares in the last quarter. Richardson Financial Services Inc. boosted its position 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 buying an additional 48 shares during the period. Finally, Moran Wealth Management LLC grew its stake in shares of 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 worth $629,000 after acquiring an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, SVP Veena M. Lakkundi sold 579 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $266.86, for a total transaction of $154,511.94. Following the completion of the transaction, the senior vice president now owns 4,576 shares in the company, valued at approximately $1,221,151.36. This represents a 11.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Scott Genereux sold 278 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $302.04, for a total transaction of $83,967.12. Following the transaction, the vice president now directly owns 3,184 shares of the company’s stock, valued at $961,695.36. This represents a 8.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,436 shares of company stock worth $10,832,549. 0.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ROK shares. Robert W. Baird increased their price objective on Rockwell Automation from $290.00 to $305.00 and gave the company an “outperform” rating in a research note on Tuesday, November 26th. HSBC upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price objective for the company in a research note on Wednesday, December 11th. KeyCorp upgraded shares of Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 target price on the stock in a research note on Monday, December 9th. Jefferies Financial Group upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and lifted their price target for the stock from $290.00 to $350.00 in a research note on Thursday, December 12th. Finally, Morgan Stanley increased their price objective on shares of Rockwell Automation from $320.00 to $335.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Rockwell Automation has a consensus rating of “Hold” and a consensus target price of $304.16.

Rockwell Automation Price Performance

ROK stock opened at $290.73 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $32.86 billion, a P/E ratio of 35.11, a PEG ratio of 3.13 and a beta of 1.36. The business has a 50 day simple moving average of $288.37 and a 200-day simple moving average of $274.81. Rockwell Automation, Inc. has a twelve month low of $242.81 and a twelve month high of $307.71.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Thursday, November 7th. The industrial products company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.07. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. The firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the prior year, the business earned $3.64 EPS. Rockwell Automation’s quarterly revenue was down 20.6% compared to the same quarter last year. As a group, equities analysts anticipate that Rockwell Automation, Inc. will post 9.32 EPS for the current year.

Rockwell Automation Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th were given a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a yield of 1.80%. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.25. The ex-dividend date was Monday, November 18th. Rockwell Automation’s dividend payout ratio (DPR) is presently 63.29%.

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.