Rockwell Automation, Inc. (NYSE:ROK) Shares Bought by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. increased its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 0.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,691 shares of the industrial products company’s stock after buying an additional 45 shares during the period. Atria Wealth Solutions Inc.’s holdings in Rockwell Automation were worth $2,770,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. grew its holdings in shares of Rockwell Automation by 89.8% during the third quarter. Blue Trust Inc. now owns 744 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 352 shares during the last quarter. Eastern Bank acquired a new position in Rockwell Automation during the 3rd quarter valued at approximately $266,000. International Assets Investment Management LLC grew its stake in Rockwell Automation by 29,591.7% during the 3rd quarter. International Assets Investment Management LLC now owns 936,178 shares of the industrial products company’s stock worth $251,326,000 after buying an additional 933,025 shares during the last quarter. IFM Investors Pty Ltd grew its stake in Rockwell Automation by 1.8% during the 3rd quarter. IFM Investors Pty Ltd now owns 22,646 shares of the industrial products company’s stock worth $6,080,000 after buying an additional 402 shares during the last quarter. Finally, Global Trust Asset Management LLC increased its position in Rockwell Automation by 230.4% in the third quarter. Global Trust Asset Management LLC now owns 2,772 shares of the industrial products company’s stock worth $744,000 after buying an additional 1,933 shares during the period. Institutional investors own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ROK shares. The Goldman Sachs Group upped their price target on shares of Rockwell Automation from $257.00 to $290.00 and gave the stock a “sell” rating in a research report on Tuesday, February 11th. Robert W. Baird upped their target price on shares of Rockwell Automation from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Wells Fargo & Company raised their price target on shares of Rockwell Automation from $315.00 to $337.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Oppenheimer boosted their price objective on Rockwell Automation from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Finally, Morgan Stanley raised their target price on Rockwell Automation from $335.00 to $345.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $308.05.

Rockwell Automation Price Performance

Shares of NYSE ROK opened at $294.95 on Friday. Rockwell Automation, Inc. has a twelve month low of $242.81 and a twelve month high of $308.70. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average of $286.35 and a two-hundred day moving average of $276.84. The company has a market capitalization of $33.35 billion, a price-to-earnings ratio of 36.73, a PEG ratio of 3.49 and a beta of 1.35.

Rockwell Automation (NYSE:ROK) last released its earnings results on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. As a group, analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Tuesday, February 18th. Rockwell Automation’s dividend payout ratio is presently 65.26%.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, CEO Blake D. Moret sold 26,700 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 78,115 shares in the company, valued at $23,327,482.45. This trade represents a 25.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 sale, the vice president now owns 3,184 shares in the company, valued at $961,695.36. This represents a 8.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 36,240 shares of company stock valued at $10,800,555 in the last three months. 0.68% of the stock is currently owned by corporate insiders.

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.