Boston Family Office LLC Has $22.19 Million Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

Boston Family Office LLC lowered its stake in Rockwell Automation, Inc. (NYSE:ROK) by 6.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 77,626 shares of the industrial products company’s stock after selling 5,218 shares during the quarter. Rockwell Automation comprises approximately 1.5% of Boston Family Office LLC’s investment portfolio, making the stock its 22nd biggest holding. Boston Family Office LLC’s holdings in Rockwell Automation were worth $22,185,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MCF Advisors LLC boosted its stake in Rockwell Automation by 95.8% in the 4th quarter. MCF Advisors LLC now owns 2,332 shares of the industrial products company’s stock worth $667,000 after purchasing an additional 1,141 shares during the period. Ameritas Advisory Services LLC lifted its holdings in shares of Rockwell Automation by 99.1% in the fourth quarter. Ameritas Advisory Services LLC now owns 5,187 shares of the industrial products company’s stock valued at $1,482,000 after purchasing an additional 2,582 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Rockwell Automation by 6.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 34,209 shares of the industrial products company’s stock worth $9,184,000 after buying an additional 1,928 shares during the period. Nordea Investment Management AB grew its holdings in shares of Rockwell Automation by 5.9% during the fourth quarter. Nordea Investment Management AB now owns 462,537 shares of the industrial products company’s stock worth $132,554,000 after buying an additional 25,882 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in Rockwell Automation by 7.3% in the 3rd quarter. Wellington Management Group LLP now owns 789 shares of the industrial products company’s stock valued at $212,000 after buying an additional 54 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Activity

In other Rockwell Automation news, VP Isaac Woods sold 895 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were 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 owns 1,198 shares of the company’s stock, valued at $329,114.56. The trade was a 42.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Terry L. Riesterer sold 850 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total transaction of $255,178.50. Following the transaction, the vice president now directly owns 1,633 shares in the company, valued at $490,242.93. This represents a 34.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,352 shares of company stock valued at $1,246,298. 0.68% of the stock is owned by insiders.

Rockwell Automation Stock Down 0.1 %

ROK opened at $258.42 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The stock’s fifty day simple moving average is $278.36 and its 200 day simple moving average is $278.91. Rockwell Automation, Inc. has a 1-year low of $242.81 and a 1-year high of $308.70. The stock has a market cap of $29.22 billion, a PE ratio of 32.18, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, beating 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%. As a group, research analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

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 dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Tuesday, February 18th. Rockwell Automation’s dividend payout ratio is presently 65.26%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ROK. Wells Fargo & Company raised their price target on shares of Rockwell Automation from $315.00 to $337.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Robert W. Baird raised their target price on shares of Rockwell Automation from $305.00 to $315.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. HSBC raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price target on the stock in a research report on Wednesday, December 11th. Barclays decreased their price objective on Rockwell Automation from $285.00 to $280.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. Finally, BNP Paribas lowered Rockwell Automation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $307.42.

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.