Impact Partnership Wealth LLC Invests $233,000 in Rockwell Automation, Inc. (NYSE:ROK)

Impact Partnership Wealth LLC purchased a new stake in Rockwell Automation, Inc. (NYSE:ROK) in the 4th quarter, HoldingsChannel reports. The fund purchased 816 shares of the industrial products company’s stock, valued at approximately $233,000.

Other hedge funds have also bought and sold shares of the company. Accredited Investors Inc. lifted its holdings in shares of Rockwell Automation by 162,058.5% in the third quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company’s stock valued at $318,227,000 after purchasing an additional 1,184,648 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Rockwell Automation by 29,591.7% during the 3rd quarter. International Assets Investment Management LLC now owns 936,178 shares of the industrial products company’s stock worth $251,326,000 after acquiring an additional 933,025 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Rockwell Automation by 33.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company’s stock worth $417,802,000 after acquiring an additional 390,784 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of Rockwell Automation by 197.5% in the second quarter. D. E. Shaw & Co. Inc. now owns 386,425 shares of the industrial products company’s stock valued at $106,375,000 after purchasing an additional 256,553 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Rockwell Automation by 6.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,811 shares of the industrial products company’s stock valued at $303,041,000 after purchasing an additional 67,684 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analysts Set New Price Targets

ROK has been the subject of several analyst reports. Jefferies Financial Group upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and increased their price objective for the company from $290.00 to $350.00 in a research note on Thursday, December 12th. Barclays dropped their price target on Rockwell Automation from $290.00 to $285.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. BNP Paribas assumed coverage on Rockwell Automation in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $345.00 price objective for the company. JPMorgan Chase & Co. lowered their target price on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company increased their price target on shares of Rockwell Automation from $293.00 to $305.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $304.16.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, VP John M. Miller sold 467 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $284.07, for a total transaction of $132,660.69. Following the sale, the vice president now owns 4,800 shares in the company, valued at $1,363,536. This trade represents a 8.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Veena M. Lakkundi sold 579 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $266.86, for a total value of $154,511.94. Following the completion of the transaction, the senior vice president now owns 4,576 shares of the company’s stock, valued at $1,221,151.36. The trade was a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,436 shares of company stock valued at $10,832,549 over the last three months. 0.68% of the stock is owned by corporate insiders.

Rockwell Automation Stock Performance

Rockwell Automation stock opened at $288.08 on Friday. Rockwell Automation, Inc. has a 1-year low of $242.81 and a 1-year high of $307.71. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $32.56 billion, a PE ratio of 34.79, a price-to-earnings-growth ratio of 3.11 and a beta of 1.36. The firm’s 50 day simple moving average is $288.46 and its 200 day simple moving average is $274.92.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Thursday, November 7th. The industrial products company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.07. The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. The business’s quarterly revenue was down 20.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.64 earnings per share. As a group, analysts expect that Rockwell Automation, Inc. will post 9.32 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were given a $1.31 dividend. This represents a $5.24 annualized dividend and a dividend yield of 1.82%. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.25. The ex-dividend date was Monday, November 18th. Rockwell Automation’s dividend payout ratio is 63.29%.

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.