HUB Investment Partners LLC Cuts Holdings in Rockwell Automation, Inc. (NYSE:ROK)

HUB Investment Partners LLC lessened its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,140 shares of the industrial products company’s stock after selling 86 shares during the quarter. HUB Investment Partners LLC’s holdings in Rockwell Automation were worth $326,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. West Oak Capital LLC lifted 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 last quarter. Darwin Wealth Management LLC purchased a new stake in shares of Rockwell Automation during the third quarter valued at about $34,000. Bank of Jackson Hole Trust bought a new stake in shares of Rockwell Automation in the 4th quarter valued at about $34,000. SBI Securities Co. Ltd. purchased a new position in shares of Rockwell Automation in the 4th quarter worth approximately $35,000. Finally, Flagship Wealth Advisors LLC purchased a new position in shares of Rockwell Automation in the 4th quarter worth approximately $38,000. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Up 0.2 %

Shares of ROK opened at $258.67 on Friday. The company has a market capitalization of $29.25 billion, a price-to-earnings ratio of 32.21, a PEG ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a 52 week low of $242.81 and a 52 week high of $308.70. The stock’s 50-day moving average price is $280.13 and its 200-day moving average price is $278.32. 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 (NYSE:ROK) last issued its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. On average, sell-side analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were issued a $1.31 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a yield of 2.03%. Rockwell Automation’s payout ratio is 65.26%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group raised their target price on shares of Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a research note on Tuesday, February 11th. KeyCorp raised Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 target price on the stock in a research report on Monday, December 9th. Wells Fargo & Company raised their price target on Rockwell Automation from $315.00 to $337.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. cut their price objective on shares of Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a report on Wednesday, January 15th. Finally, Citigroup increased their price objective on shares of Rockwell Automation from $345.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Rockwell Automation has a consensus rating of “Hold” and an average target price of $307.68.

Insiders Place Their Bets

In other news, VP Isaac Woods sold 895 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $274.72, for a total value of $245,874.40. Following the completion of the sale, the vice president now directly owns 1,198 shares in the company, valued at $329,114.56. The trade was a 42.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Tessa M. Myers sold 1,231 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $285.43, for a total value of $351,364.33. Following the transaction, the senior vice president now owns 3,650 shares in the company, valued at $1,041,819.50. This trade represents a 25.22 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,352 shares of company stock worth $1,246,298. Company insiders own 0.68% of the company’s stock.

About Rockwell Automation

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.