Lake Street Advisors Group LLC Purchases 39 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Lake Street Advisors Group LLC boosted its position in Rockwell Automation, Inc. (NYSE:ROK) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,351 shares of the industrial products company’s stock after buying an additional 39 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Rockwell Automation were worth $386,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ROK. Accredited Investors Inc. lifted its position in shares of Rockwell Automation by 162,058.5% during the 3rd quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company’s stock worth $318,227,000 after purchasing an additional 1,184,648 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Rockwell Automation by 33.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company’s stock worth $417,802,000 after buying an additional 390,784 shares during the last quarter. DAVENPORT & Co LLC boosted its position in shares of Rockwell Automation by 27.9% in the fourth quarter. DAVENPORT & Co LLC now owns 408,336 shares of the industrial products company’s stock valued at $116,682,000 after acquiring an additional 88,962 shares during the period. Truist Financial Corp grew its stake in shares of Rockwell Automation by 229.5% in the fourth quarter. Truist Financial Corp now owns 102,347 shares of the industrial products company’s stock worth $29,250,000 after acquiring an additional 71,288 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Rockwell Automation by 6.4% during 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 worth $303,041,000 after acquiring an additional 67,684 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Stock Performance

NYSE ROK opened at $284.47 on Friday. Rockwell Automation, Inc. has a 1-year low of $242.81 and a 1-year high of $308.70. The company has a 50 day moving average of $286.10 and a 200-day moving average of $278.11. 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 market cap of $32.17 billion, a price-to-earnings ratio of 35.43, a PEG ratio of 3.53 and a beta of 1.35.

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

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be given a dividend of $1.31 per share. The ex-dividend date is Tuesday, February 18th. This represents a $5.24 annualized dividend and a yield of 1.84%. Rockwell Automation’s dividend payout ratio (DPR) is 65.26%.

Insiders Place Their Bets

In other news, VP Scott Genereux sold 278 shares of the company’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 transaction, the vice president now directly owns 3,184 shares in the company, valued at approximately $961,695.36. This represents 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 accessible through this link. Also, CEO Blake D. Moret sold 1,121 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $302.01, for a total transaction of $338,553.21. Following the completion of the sale, the chief executive officer now directly owns 81,754 shares of the company’s stock, valued at approximately $24,690,525.54. This represents a 1.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,540 shares of company stock valued at $1,935,134 in the last 90 days. 0.68% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Barclays increased their price target on shares of Rockwell Automation from $285.00 to $300.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. Stephens upgraded shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $275.00 to $350.00 in a research note on Thursday, January 16th. Morgan Stanley boosted their price target on Rockwell Automation from $335.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. HSBC raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price objective on the stock in a report on Wednesday, December 11th. Finally, BNP Paribas lowered Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Rockwell Automation currently has an average rating of “Hold” and an average target price of $307.55.

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.