Wealthspire Advisors LLC Raises Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Wealthspire Advisors LLC boosted its position in Rockwell Automation, Inc. (NYSE:ROK) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,746 shares of the industrial products company’s stock after acquiring an additional 106 shares during the quarter. Wealthspire Advisors LLC’s holdings in Rockwell Automation were worth $785,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in ROK. Paradigm Asset Management Co. LLC lifted its stake in shares of Rockwell Automation by 609.1% in the 4th quarter. Paradigm Asset Management Co. LLC now owns 3,900 shares of the industrial products company’s stock valued at $1,115,000 after purchasing an additional 3,350 shares in the last quarter. Private Advisor Group LLC raised its holdings in Rockwell Automation by 3.4% in the fourth quarter. Private Advisor Group LLC now owns 9,843 shares of the industrial products company’s stock valued at $2,813,000 after buying an additional 324 shares during the period. TimesSquare Capital Management LLC lifted its position in Rockwell Automation by 9.4% during the fourth quarter. TimesSquare Capital Management LLC now owns 194,575 shares of the industrial products company’s stock valued at $55,608,000 after buying an additional 16,775 shares in the last quarter. Global Retirement Partners LLC grew its stake in Rockwell Automation by 23.8% during the fourth quarter. Global Retirement Partners LLC now owns 1,464 shares of the industrial products company’s stock worth $418,000 after buying an additional 281 shares during the period. Finally, SilverOak Wealth Management LLC increased its position in shares of Rockwell Automation by 2.2% in the fourth quarter. SilverOak Wealth Management LLC now owns 10,794 shares of the industrial products company’s stock worth $3,085,000 after acquiring an additional 237 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Rockwell Automation Price Performance

Shares of ROK stock opened at $288.58 on Wednesday. The firm has a fifty day moving average of $286.13 and a two-hundred day moving average of $278.00. The firm has a market cap of $32.63 billion, a P/E ratio of 35.94, a P/E/G ratio of 3.53 and a beta of 1.35. Rockwell Automation, Inc. has a 1-year low of $242.81 and a 1-year high of $308.70. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results 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 return on equity of 30.17% and a net margin of 11.38%. As a group, research analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be issued a $1.31 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.82%. Rockwell Automation’s dividend payout ratio (DPR) is 65.26%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Loop Capital lifted their target price on shares of Rockwell Automation from $260.00 to $280.00 and gave the company a “hold” rating in a report on Tuesday. BNP Paribas cut Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 11th. The Goldman Sachs Group increased 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. HSBC upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 target price on the stock in a report on Wednesday, December 11th. Finally, KeyCorp upgraded Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price target for the company in a report on Monday, December 9th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Rockwell Automation currently has an average rating of “Hold” and an average target price of $307.55.

Insider Activity at Rockwell Automation

In other news, CEO Blake D. Moret sold 1,741 shares of Rockwell Automation 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 completion of the transaction, the chief executive officer now directly owns 80,309 shares of the company’s stock, valued at approximately $23,825,271.03. The trade was a 2.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Terry L. Riesterer sold 850 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total transaction of $255,178.50. Following the sale, the vice president now owns 1,633 shares in the company, valued at approximately $490,242.93. This trade represents a 34.23 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,540 shares of company stock valued at $1,935,134. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Company 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.