SVB Wealth LLC Acquires Shares of 3,512 Rockwell Automation, Inc. (NYSE:ROK)

SVB Wealth LLC bought a new position in Rockwell Automation, Inc. (NYSE:ROK) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,512 shares of the industrial products company’s stock, valued at approximately $1,004,000.

Other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new position in Rockwell Automation in the third quarter worth $26,000. West Oak Capital LLC raised its stake in shares of Rockwell Automation by 455.6% during the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 82 shares during the period. Bank of Jackson Hole Trust purchased a new position in shares of Rockwell Automation in the 4th quarter worth about $34,000. Darwin Wealth Management LLC bought a new position in Rockwell Automation during the third quarter valued at about $34,000. Finally, Asset Planning Inc purchased a new position in Rockwell Automation in the fourth quarter valued at about $49,000. 75.75% of the stock is owned by institutional investors.

Rockwell Automation Trading Down 3.1 %

Shares of ROK opened at $278.20 on Tuesday. Rockwell Automation, Inc. has a 1-year low of $242.81 and a 1-year high of $308.70. The company has a market capitalization of $31.46 billion, a P/E ratio of 34.65, a P/E/G ratio of 3.53 and a beta of 1.35. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. The firm’s 50 day simple moving average is $285.83 and its 200 day simple moving average is $278.69.

Rockwell Automation (NYSE:ROK) last released its earnings results on Monday, February 10th. The industrial products company reported $1.83 EPS 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%. Sell-side analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be given a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Tuesday, February 18th. Rockwell Automation’s payout ratio is currently 65.26%.

Insiders Place Their Bets

In related news, VP Scott Genereux sold 500 shares of Rockwell Automation stock in a transaction 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 in the company, valued at $552,716.70. This trade represents a 20.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Blake D. Moret sold 1,741 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $296.67, for a total value of $516,502.47. Following the transaction, the chief executive officer now directly owns 80,309 shares in the company, valued at $23,825,271.03. This trade represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,147 shares of company stock valued at $2,680,378. 0.68% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ROK shares. HSBC upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price target for the company in a research note on Wednesday, December 11th. The Goldman Sachs Group boosted their target price on Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a research note on Tuesday, February 11th. Wells Fargo & Company lifted their price objective on Rockwell Automation from $315.00 to $337.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Barclays upped their price objective 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. Finally, Citigroup lifted their target price on shares of Rockwell Automation from $345.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Rockwell Automation presently has a consensus rating of “Hold” and an average target price of $307.55.

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.