Aviso Financial Inc. Sells 43 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Aviso Financial Inc. trimmed its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 4.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 886 shares of the industrial products company’s stock after selling 43 shares during the period. Aviso Financial Inc.’s holdings in Rockwell Automation were worth $253,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in ROK. Ashton Thomas Securities LLC bought a new position in Rockwell Automation during the third quarter worth about $26,000. West Oak Capital LLC raised its holdings in shares of Rockwell Automation by 455.6% in the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after buying an additional 82 shares in the last quarter. Darwin Wealth Management LLC bought a new position in shares of Rockwell Automation during the 3rd quarter worth approximately $34,000. Bank of Jackson Hole Trust acquired a new stake in Rockwell Automation in the 4th quarter valued at $34,000. Finally, SBI Securities Co. Ltd. bought a new stake in Rockwell Automation in the fourth quarter valued at $35,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ROK. 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. Robert W. Baird upped their price objective on shares of Rockwell Automation from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Stephens upgraded shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $275.00 to $350.00 in a research note on Thursday, January 16th. Jefferies Financial Group upgraded Rockwell Automation from a “hold” rating to a “buy” rating and increased their price target for the stock from $290.00 to $350.00 in a research report on Thursday, December 12th. Finally, Citigroup lifted their price objective on Rockwell Automation from $345.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $307.68.

Rockwell Automation Stock Up 1.9 %

Shares of NYSE:ROK opened at $260.09 on Friday. The company has a 50 day moving average of $282.10 and a 200-day moving average of $278.59. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $308.70. The stock has a market cap of $29.41 billion, a price-to-earnings ratio of 32.39, a P/E/G ratio of 3.53 and a beta of 1.39. 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 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%. On average, sell-side analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were given a dividend of $1.31 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $5.24 annualized dividend and a dividend yield of 2.01%. Rockwell Automation’s payout ratio is currently 65.26%.

Insider Activity

In other Rockwell Automation news, VP Scott Genereux sold 500 shares of Rockwell Automation stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $290.14, for a total value of $145,070.00. Following the transaction, the vice president now owns 1,905 shares of the company’s stock, valued at approximately $552,716.70. The trade was a 20.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Isaac Woods sold 895 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $274.72, for a total transaction of $245,874.40. Following the sale, the vice president now directly owns 1,198 shares of the company’s stock, valued at $329,114.56. This represents a 42.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,352 shares of company stock valued at $1,246,298 in the last ninety days. 0.68% of the stock is owned by insiders.

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.