Claro Advisors LLC Grows Position in Rockwell Automation, Inc. (NYSE:ROK)

Claro Advisors LLC lifted its stake in shares of Rockwell Automation, Inc. (NYSE:ROKGet Rating) by 107.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,387 shares of the industrial products company’s stock after buying an additional 719 shares during the quarter. Claro Advisors LLC’s holdings in Rockwell Automation were worth $276,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Hexagon Capital Partners LLC raised its holdings in shares of Rockwell Automation by 62.5% during the 2nd quarter. Hexagon Capital Partners LLC now owns 130 shares of the industrial products company’s stock valued at $26,000 after buying an additional 50 shares during the period. Heritage Financial Services LLC purchased a new stake in shares of Rockwell Automation during the 2nd quarter valued at about $27,000. Roble Belko & Company Inc raised its holdings in shares of Rockwell Automation by 3,233.3% during the 1st quarter. Roble Belko & Company Inc now owns 100 shares of the industrial products company’s stock valued at $28,000 after buying an additional 97 shares during the period. Total Clarity Wealth Management Inc. acquired a new stake in Rockwell Automation during the 2nd quarter valued at approximately $31,000. Finally, Zions Bancorporation N.A. grew its stake in Rockwell Automation by 38.8% during the 2nd quarter. Zions Bancorporation N.A. now owns 193 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 54 shares in the last quarter. 79.11% of the stock is currently owned by hedge funds and other institutional investors.

Rockwell Automation Price Performance

Shares of ROK opened at $266.61 on Thursday. Rockwell Automation, Inc. has a 52 week low of $190.08 and a 52 week high of $354.99. The firm has a market cap of $30.62 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 2.69 and a beta of 1.46. The company has a current ratio of 1.01, a quick ratio of 0.72 and a debt-to-equity ratio of 0.95. The stock has a 50 day moving average of $240.34 and a 200-day moving average of $227.90.

Rockwell Automation (NYSE:ROKGet Rating) last released its quarterly earnings data on Wednesday, November 2nd. The industrial products company reported $3.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.95 by $0.09. Rockwell Automation had a return on equity of 38.84% and a net margin of 12.01%. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the previous year, the firm posted $2.33 EPS. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, analysts forecast that Rockwell Automation, Inc. will post 10.7 EPS for the current year.

Rockwell Automation Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Monday, November 14th will be given a dividend of $1.18 per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $4.72 dividend on an annualized basis and a yield of 1.77%. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.12. Rockwell Automation’s payout ratio is currently 59.22%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Barclays lowered their price objective on Rockwell Automation from $212.00 to $206.00 and set an “equal weight” rating for the company in a research note on Monday, October 3rd. Wells Fargo & Company raised their price objective on Rockwell Automation to $227.00 in a research note on Monday. Sanford C. Bernstein lowered Rockwell Automation from an “outperform” rating to a “market perform” rating and set a $290.00 price objective for the company. in a research note on Tuesday, August 16th. TheStreet upgraded Rockwell Automation from a “c” rating to a “b” rating in a research note on Thursday, September 15th. Finally, JPMorgan Chase & Co. raised their price objective on Rockwell Automation from $180.00 to $195.00 and gave the company an “underweight” rating in a research note on Friday, November 4th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $240.56.

Insider Activity at Rockwell Automation

In related news, SVP Veena M. Lakkundi sold 606 shares of the business’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $242.24, for a total transaction of $146,797.44. Following the completion of the transaction, the senior vice president now owns 1,269 shares in the company, valued at approximately $307,402.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Rockwell Automation news, SVP Christopher Nardecchia sold 428 shares of Rockwell Automation stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $226.38, for a total transaction of $96,890.64. Following the sale, the senior vice president now owns 7,809 shares of the company’s stock, valued at approximately $1,767,801.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Veena M. Lakkundi sold 606 shares of Rockwell Automation stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $242.24, for a total value of $146,797.44. Following the sale, the senior vice president now directly owns 1,269 shares in the company, valued at approximately $307,402.56. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

About Rockwell Automation

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Rockwell Automation, Inc provides industrial automation and digital transformation solutions in the United States and internationally. The company operates in three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products, and services.

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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