Weil Company Inc. Sells 643 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Weil Company Inc. lessened its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 8.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,864 shares of the industrial products company’s stock after selling 643 shares during the quarter. Weil Company Inc.’s holdings in Rockwell Automation were worth $1,962,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ROK. Accredited Investors Inc. boosted its position in shares of Rockwell Automation by 162,058.5% during the 3rd quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company’s stock valued at $318,227,000 after acquiring an additional 1,184,648 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Rockwell Automation by 33.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company’s stock valued at $417,802,000 after purchasing an additional 390,784 shares in the last quarter. DAVENPORT & Co LLC grew its stake in shares of Rockwell Automation by 27.9% in the 4th quarter. DAVENPORT & Co LLC now owns 408,336 shares of the industrial products company’s stock valued at $116,682,000 after purchasing an additional 88,962 shares during the period. Truist Financial Corp raised its holdings in shares of Rockwell Automation by 229.5% in the 4th quarter. Truist Financial Corp now owns 102,347 shares of the industrial products company’s stock worth $29,250,000 after buying an additional 71,288 shares in 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 3rd 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 worth $303,041,000 after buying an additional 67,684 shares during the period. Institutional investors and hedge funds 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 market cap of $32.63 billion, a price-to-earnings ratio of 35.94, a PEG ratio of 3.53 and a beta of 1.35. Rockwell Automation, Inc. has a 12 month low of $242.81 and a 12 month high of $308.70. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. The stock has a 50-day moving average price of $286.13 and a 200 day moving average price of $278.00.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results 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%. Research analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Announces Dividend

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

Wall Street Analyst Weigh In

ROK has been the topic of a number of analyst reports. Robert W. Baird upped their price target on Rockwell Automation from $305.00 to $315.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Morgan Stanley upped their target price on shares of Rockwell Automation from $335.00 to $345.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Wells Fargo & Company lifted their price target on shares of Rockwell Automation from $315.00 to $337.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Oppenheimer upped their price objective on shares of Rockwell Automation from $300.00 to $320.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Finally, BNP Paribas cut shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Rockwell Automation presently has an average rating of “Hold” and a consensus target price of $307.55.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, 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 value of $255,178.50. Following the transaction, the vice president now owns 1,633 shares of the company’s stock, valued at approximately $490,242.93. This represents a 34.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Blake D. Moret sold 1,741 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $296.67, for a total value of $516,502.47. Following the transaction, the chief executive officer now owns 80,309 shares of the company’s stock, valued at $23,825,271.03. The trade was a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,540 shares of company stock worth $1,935,134 in the last three months. 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.