Rockwell Automation, Inc. (NYSE:ROK) Holdings Raised by Benjamin Edwards Inc.

Benjamin Edwards Inc. increased its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 1.5% in the 4th quarter, Holdings Channel reports. The fund owned 10,827 shares of the industrial products company’s stock after purchasing an additional 165 shares during the period. Benjamin Edwards Inc.’s holdings in Rockwell Automation were worth $3,362,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. increased its position in Rockwell Automation by 8.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 23,236 shares of the industrial products company’s stock worth $6,643,000 after buying an additional 1,864 shares during the period. FinTrust Capital Advisors LLC increased its holdings in Rockwell Automation by 33.6% in the third quarter. FinTrust Capital Advisors LLC now owns 1,377 shares of the industrial products company’s stock valued at $394,000 after purchasing an additional 346 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Rockwell Automation by 0.7% in the third quarter. Raymond James & Associates now owns 78,754 shares of the industrial products company’s stock worth $22,513,000 after acquiring an additional 519 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Rockwell Automation by 11.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 36,383 shares of the industrial products company’s stock worth $10,401,000 after buying an additional 3,846 shares during the period. Finally, Capital Advisors Inc. OK lifted its position in shares of Rockwell Automation by 38.1% in the third quarter. Capital Advisors Inc. OK now owns 1,689 shares of the industrial products company’s stock valued at $483,000 after buying an additional 466 shares during the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ROK has been the topic of several recent research reports. Mizuho cut their price objective on Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating on the stock in a report on Thursday, February 1st. Oppenheimer decreased their price target on shares of Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. Wells Fargo & Company cut their price target on shares of Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating for the company in a research report on Thursday, February 1st. JPMorgan Chase & Co. restated an “underweight” rating and issued a $254.00 price objective on shares of Rockwell Automation in a report on Thursday, March 21st. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a $290.00 target price (down previously from $330.00) on shares of Rockwell Automation in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $310.08.

Insiders Place Their Bets

In other Rockwell Automation news, SVP Rebecca W. House sold 13,900 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $283.02, for a total transaction of $3,933,978.00. Following the sale, the senior vice president now owns 8,482 shares in the company, valued at approximately $2,400,575.64. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Rockwell Automation news, SVP Rebecca W. House sold 13,900 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $283.02, for a total transaction of $3,933,978.00. Following the sale, the senior vice president now owns 8,482 shares in the company, valued at approximately $2,400,575.64. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Brian A. Shepherd sold 637 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $262.87, for a total value of $167,448.19. Following the sale, the vice president now owns 5,088 shares in the company, valued at approximately $1,337,482.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,877 shares of company stock worth $5,058,772. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Performance

ROK stock traded down $0.45 during trading on Thursday, hitting $269.30. 396,072 shares of the company’s stock traded hands, compared to its average volume of 998,971. The stock has a market capitalization of $30.86 billion, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 2.73 and a beta of 1.43. The stock has a fifty day moving average price of $282.39 and a two-hundred day moving average price of $283.24. Rockwell Automation, Inc. has a 52 week low of $252.11 and a 52 week high of $348.52. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 0.76.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($0.58). The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.08 billion. Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. During the same period in the previous year, the company earned $2.46 EPS. As a group, equities analysts anticipate that Rockwell Automation, Inc. will post 11.98 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 13th will be issued a dividend of $1.25 per share. The ex-dividend date is Friday, May 10th. This represents a $5.00 annualized dividend and a yield of 1.86%. Rockwell Automation’s payout ratio is presently 47.57%.

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.