Verus Capital Partners LLC Has $648,000 Stake in Rockwell Automation, Inc. (NYSE:ROK)

Verus Capital Partners LLC lifted its stake in shares of Rockwell Automation, Inc. (NYSE:ROKFree Report) by 25.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,267 shares of the industrial products company’s stock after buying an additional 465 shares during the quarter. Verus Capital Partners LLC’s holdings in Rockwell Automation were worth $648,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of ROK. BluePath Capital Management LLC acquired a new stake in Rockwell Automation in the 3rd quarter valued at $29,000. Neo Ivy Capital Management acquired a new stake in Rockwell Automation in the 2nd quarter valued at $29,000. Clear Street Markets LLC acquired a new stake in Rockwell Automation in the 4th quarter valued at $30,000. First Manhattan Co. grew its position in Rockwell Automation by 150.0% in the 4th quarter. First Manhattan Co. now owns 125 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 75 shares during the period. Finally, GPS Wealth Strategies Group LLC grew its position in Rockwell Automation by 62.9% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 101 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 39 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on ROK. Wells Fargo & Company raised shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $280.00 to $357.00 in a research report on Tuesday, December 19th. KeyCorp assumed coverage on Rockwell Automation in a research note on Monday, October 2nd. They set a “sector weight” rating on the stock. StockNews.com assumed coverage on Rockwell Automation in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Barclays dropped their price objective on Rockwell Automation from $287.00 to $270.00 in a research note on Tuesday, October 10th. Finally, UBS Group upgraded Rockwell Automation from a “neutral” rating to a “buy” rating and raised their price objective for the company from $305.00 to $360.00 in a research note on Wednesday, January 3rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $307.13.

Get Our Latest Report on Rockwell Automation

Insider Buying and Selling at Rockwell Automation

In other news, SVP Veena M. Lakkundi sold 597 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $257.14, for a total transaction of $153,512.58. Following the completion of the sale, the senior vice president now owns 2,805 shares of the company’s stock, valued at $721,277.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, SVP Veena M. Lakkundi sold 597 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $257.14, for a total transaction of $153,512.58. Following the completion of the sale, the senior vice president now owns 2,805 shares of the company’s stock, valued at $721,277.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Scott Genereux sold 500 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $280.00, for a total value of $140,000.00. Following the sale, the vice president now directly owns 2,376 shares of the company’s stock, valued at approximately $665,280. The disclosure for this sale can be found here. Insiders have sold 10,346 shares of company stock worth $2,878,915 over the last ninety days. Insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Down 1.0 %

Shares of NYSE ROK opened at $295.38 on Thursday. Rockwell Automation, Inc. has a one year low of $252.19 and a one year high of $348.52. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.46 and a quick ratio of 1.04. The firm’s 50 day simple moving average is $289.56 and its two-hundred day simple moving average is $295.89. The stock has a market capitalization of $33.87 billion, a P/E ratio of 24.70, a PEG ratio of 2.68 and a beta of 1.43.

Rockwell Automation (NYSE:ROKGet Free Report) last issued its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $3.64 EPS for the quarter, beating analysts’ consensus estimates of $3.49 by $0.15. Rockwell Automation had a net margin of 15.32% and a return on equity of 40.19%. The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.44 billion. As a group, analysts expect that Rockwell Automation, Inc. will post 12.82 EPS for the current fiscal year.

Rockwell Automation Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Monday, November 13th were given a dividend of $1.25 per share. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.18. This represents a $5.00 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Friday, November 10th. Rockwell Automation’s dividend payout ratio (DPR) is presently 41.81%.

About Rockwell Automation

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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