D.A. Davidson & CO. Has $6.47 Million Holdings in Rockwell Automation, Inc. (NYSE:ROK)

D.A. Davidson & CO. lifted its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 3.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,625 shares of the industrial products company’s stock after acquiring an additional 663 shares during the period. D.A. Davidson & CO.’s holdings in Rockwell Automation were worth $6,466,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp grew its stake in shares of Rockwell Automation by 0.3% in the third quarter. State Street Corp now owns 4,648,137 shares of the industrial products company’s stock valued at $1,247,839,000 after acquiring an additional 11,949 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Rockwell Automation by 0.5% in the third quarter. Geode Capital Management LLC now owns 2,683,202 shares of the industrial products company’s stock valued at $717,865,000 after acquiring an additional 14,040 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Rockwell Automation by 33.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company’s stock valued at $417,802,000 after acquiring an additional 390,784 shares in the last quarter. Accredited Investors Inc. grew its stake in shares of Rockwell Automation by 162,058.5% in the third quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company’s stock valued at $318,227,000 after acquiring an additional 1,184,648 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Rockwell Automation by 6.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,811 shares of the industrial products company’s stock valued at $303,041,000 after acquiring an additional 67,684 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Rockwell Automation from $315.00 to $337.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. The Goldman Sachs Group increased their price objective on shares of Rockwell Automation from $257.00 to $290.00 and gave the stock a “sell” rating in a research note on Tuesday, February 11th. Oppenheimer increased their price objective on shares of Rockwell Automation from $300.00 to $320.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Citigroup increased their price objective on shares of Rockwell Automation from $345.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, Jefferies Financial Group raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and increased their target price for the stock from $290.00 to $350.00 in a report on Thursday, December 12th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $308.05.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP Terry L. Riesterer sold 850 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $300.21, for a total transaction of $255,178.50. Following the completion of the sale, the vice president now owns 1,633 shares of the company’s stock, valued at approximately $490,242.93. This represents a 34.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Scott Genereux sold 279 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $296.13, for a total transaction of $82,620.27. Following the sale, the vice president now directly owns 2,891 shares of the company’s stock, valued at $856,111.83. This represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,240 shares of company stock valued at $10,800,555. 0.68% of the stock is currently owned by company insiders.

Rockwell Automation Stock Down 0.6 %

Shares of NYSE ROK opened at $299.27 on Thursday. The company has a 50 day simple moving average of $286.32 and a 200 day simple moving average of $276.50. The firm has a market cap of $33.84 billion, a PE ratio of 37.27, a price-to-earnings-growth ratio of 3.18 and a beta of 1.35. Rockwell Automation, Inc. has a 1 year low of $242.81 and a 1 year high of $308.70. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. On average, research analysts forecast that Rockwell Automation, Inc. will post 9.28 EPS for the current year.

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be given a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Tuesday, February 18th. Rockwell Automation’s dividend payout ratio is presently 65.26%.

Rockwell Automation Company 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.