FineMark National Bank & Trust Has $349,000 Stock Holdings in Rockwell Automation, Inc. (NYSE:ROK)

FineMark National Bank & Trust reduced its stake in Rockwell Automation, Inc. (NYSE:ROK) by 9.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,220 shares of the industrial products company’s stock after selling 127 shares during the period. FineMark National Bank & Trust’s holdings in Rockwell Automation were worth $349,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ROK. Amundi grew its stake in Rockwell Automation by 26.2% in the 4th quarter. Amundi now owns 2,073,594 shares of the industrial products company’s stock valued at $580,095,000 after buying an additional 430,498 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Rockwell Automation during the fourth quarter worth approximately $56,887,000. Raymond James Financial Inc. acquired a new position in shares of Rockwell Automation in the fourth quarter valued at approximately $32,532,000. Thrivent Financial for Lutherans increased its stake in shares of Rockwell Automation by 26.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 514,690 shares of the industrial products company’s stock worth $147,093,000 after purchasing an additional 106,257 shares during the period. Finally, DAVENPORT & Co LLC lifted its holdings in Rockwell Automation by 27.9% during the 4th quarter. DAVENPORT & Co LLC now owns 408,336 shares of the industrial products company’s stock worth $116,682,000 after purchasing an additional 88,962 shares during the last quarter. 75.75% of the stock is owned by institutional investors.

Rockwell Automation Price Performance

Shares of NYSE:ROK opened at $269.06 on Thursday. Rockwell Automation, Inc. has a one year low of $242.81 and a one 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. The company has a market cap of $30.42 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 3.53 and a beta of 1.39. The firm has a 50 day simple moving average of $279.76 and a 200 day simple moving average of $278.72.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, beating 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%. Research analysts predict 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 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 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Tuesday, February 18th. Rockwell Automation’s dividend payout ratio (DPR) is currently 65.26%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ROK. Barclays lowered their price objective on Rockwell Automation from $285.00 to $280.00 and set an “equal weight” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. lowered their price target on shares of Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 15th. The Goldman Sachs Group lifted their price objective on shares of Rockwell Automation from $257.00 to $290.00 and gave the stock a “sell” rating in a research note on Tuesday, February 11th. Morgan Stanley increased their target price on shares of Rockwell Automation from $335.00 to $345.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Finally, Citigroup lifted their price target 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 research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, Rockwell Automation currently has a consensus rating of “Hold” and a consensus price target of $307.42.

Insider Activity

In other Rockwell Automation news, VP Terry L. Riesterer sold 850 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $300.21, for a total value of $255,178.50. Following the completion of the transaction, the vice president now directly owns 1,633 shares in the company, valued at approximately $490,242.93. This represents a 34.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Isaac Woods sold 876 shares of Rockwell Automation stock in a transaction on Friday, February 28th. The stock was sold at an average price of $284.03, for a total transaction of $248,810.28. Following the transaction, the vice president now owns 1,057 shares in the company, valued at approximately $300,219.71. This trade represents a 45.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,352 shares of company stock valued at $1,246,298 over the last quarter. 0.68% of the stock is owned by company insiders.

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.