Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by McGuire Investment Group LLC

McGuire Investment Group LLC decreased its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 0.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,871 shares of the industrial products company’s stock after selling 65 shares during the quarter. McGuire Investment Group LLC’s holdings in Rockwell Automation were worth $4,536,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in ROK. Richardson Financial Services Inc. boosted its stake in shares of Rockwell Automation by 100.0% in the third 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 in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Rockwell Automation in the third quarter valued at approximately $26,000. West Oak Capital LLC boosted its stake in shares of Rockwell Automation by 455.6% in the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after buying an additional 82 shares in the last quarter. Darwin Wealth Management LLC purchased a new stake in shares of Rockwell Automation in the third quarter valued at approximately $34,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Rockwell Automation in the second quarter valued at approximately $36,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ROK. Oppenheimer lifted their price target on Rockwell Automation from $288.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Robert W. Baird lifted their price target 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 target price on the stock in a research report on Wednesday, December 11th. Mizuho boosted their target price on Rockwell Automation from $245.00 to $270.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, UBS Group initiated coverage on Rockwell Automation in a research report on Wednesday, November 13th. They set a “neutral” rating and a $313.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $304.16.

Insider Buying and Selling

In other Rockwell Automation news, VP Scott Genereux sold 278 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $302.04, for a total transaction of $83,967.12. Following the completion of the transaction, the vice president now directly owns 3,184 shares in the company, valued at $961,695.36. The trade was a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Isaac Woods sold 895 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $274.72, for a total transaction of $245,874.40. Following the transaction, the vice president now owns 1,198 shares of the company’s stock, valued at approximately $329,114.56. This represents a 42.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,436 shares of company stock worth $10,832,549. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Performance

Shares of Rockwell Automation stock opened at $288.08 on Friday. The company has a market capitalization of $32.56 billion, a PE ratio of 34.79, a PEG ratio of 3.11 and a beta of 1.36. Rockwell Automation, Inc. has a 12 month low of $242.81 and a 12 month 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. The stock’s fifty day simple moving average is $288.46 and its 200 day simple moving average is $274.92.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Thursday, November 7th. The industrial products company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.07. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. Rockwell Automation’s revenue for the quarter was down 20.6% compared to the same quarter last year. During the same quarter last year, the company earned $3.64 EPS. On average, research analysts predict 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. Stockholders of record on Monday, November 18th were issued a $1.31 dividend. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Monday, November 18th. This represents a $5.24 annualized dividend and a dividend yield of 1.82%. Rockwell Automation’s dividend payout ratio (DPR) is presently 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.