PNC Financial Services Group Inc. Purchases 363 Shares of Rockwell Automation, Inc. (NYSE:ROK)

PNC Financial Services Group Inc. boosted its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 0.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90,402 shares of the industrial products company’s stock after purchasing an additional 363 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Rockwell Automation were worth $25,836,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of ROK. Ashton Thomas Securities LLC purchased a new position in shares of Rockwell Automation during the third quarter valued at $26,000. West Oak Capital LLC lifted its stake in Rockwell Automation by 455.6% in the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 82 shares during the period. Bank of Jackson Hole Trust bought a new position in Rockwell Automation during the 4th quarter worth about $34,000. SBI Securities Co. Ltd. purchased a new position in Rockwell Automation during the 4th quarter valued at about $35,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of Rockwell Automation in the 3rd quarter valued at about $34,000. 75.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ROK shares. JPMorgan Chase & Co. dropped their price objective on shares of Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 15th. Oppenheimer lifted their price target on Rockwell Automation from $300.00 to $320.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Loop Capital boosted their price target on Rockwell Automation from $260.00 to $280.00 and gave the stock a “hold” rating in a research report on Tuesday, February 25th. Citigroup raised 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. Finally, KeyCorp upgraded 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. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $307.68.

Insider Transactions at Rockwell Automation

In other news, VP Isaac Woods sold 895 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $274.72, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tessa M. Myers sold 1,231 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $285.43, for a total transaction of $351,364.33. Following the transaction, the senior vice president now directly owns 3,650 shares of the company’s stock, valued at approximately $1,041,819.50. This trade represents a 25.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,352 shares of company stock worth $1,246,298 over the last three months. 0.68% of the stock is currently owned by insiders.

Rockwell Automation Stock Down 2.1 %

ROK stock opened at $270.76 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 52 week low of $242.81 and a 52 week high of $308.70. The stock has a market capitalization of $30.62 billion, a PE ratio of 33.72, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. The firm has a 50 day moving average of $283.95 and a 200 day moving average of $278.97.

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

Rockwell Automation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were issued a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Tuesday, February 18th. Rockwell Automation’s dividend payout ratio is presently 65.26%.

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.