Focus Financial Network Inc. Has $562,000 Stake in Rockwell Automation, Inc. (NYSE:ROK)

Focus Financial Network Inc. lifted its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 4.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,967 shares of the industrial products company’s stock after purchasing an additional 91 shares during the period. Focus Financial Network Inc.’s holdings in Rockwell Automation were worth $562,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ritholtz Wealth Management bought a new stake in Rockwell Automation during the third quarter worth $214,000. Creative Planning grew its holdings in Rockwell Automation by 3.2% during the third quarter. Creative Planning now owns 25,927 shares of the industrial products company’s stock worth $6,960,000 after buying an additional 807 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Rockwell Automation by 3.0% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,382 shares of the industrial products company’s stock worth $9,499,000 after buying an additional 1,033 shares in the last quarter. DiNuzzo Private Wealth Inc. grew its holdings in Rockwell Automation by 1,707.7% during the third quarter. DiNuzzo Private Wealth Inc. now owns 235 shares of the industrial products company’s stock worth $63,000 after buying an additional 222 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in Rockwell Automation by 17.8% during the third quarter. V Square Quantitative Management LLC now owns 3,637 shares of the industrial products company’s stock worth $976,000 after buying an additional 550 shares in the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Rockwell Automation news, VP Isaac Woods sold 895 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $274.72, for a total value of $245,874.40. Following the sale, the vice president now owns 1,198 shares of the company’s stock, valued at $329,114.56. This trade represents a 42.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Scott Genereux sold 278 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $302.04, for a total value of $83,967.12. Following the completion of the sale, the vice president now directly owns 3,184 shares in the company, valued at approximately $961,695.36. The trade was a 8.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,857 shares of company stock valued at $10,678,037. Corporate insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ROK. The Goldman Sachs Group upped their price target on Rockwell Automation from $257.00 to $290.00 and gave the stock a “sell” rating in a report on Tuesday. JPMorgan Chase & Co. reduced their price objective on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating for the company in a research note on Wednesday, January 15th. Stephens upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $275.00 to $350.00 in a research note on Thursday, January 16th. UBS Group assumed coverage on Rockwell Automation in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $313.00 price objective for the company. Finally, Jefferies Financial Group upgraded Rockwell Automation from a “hold” rating to a “buy” rating and upped their price objective for the company from $290.00 to $350.00 in a research note on Thursday, December 12th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $308.05.

Rockwell Automation Stock Down 1.1 %

ROK stock opened at $298.51 on Friday. The stock has a fifty day moving average of $286.23 and a 200-day moving average of $275.65. The company has a market capitalization of $33.74 billion, a price-to-earnings ratio of 36.05, a PEG ratio of 2.89 and a beta of 1.35. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 1.08. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $308.70.

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, topping analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. As a group, equities research analysts predict that Rockwell Automation, Inc. will post 9.32 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be issued a dividend of $1.31 per share. The ex-dividend date is Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a yield of 1.76%. Rockwell Automation’s dividend payout ratio (DPR) is 63.29%.

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.