Rockwell Automation, Inc. (NYSE:ROK) Shares Bought by Jacobs & Co. CA

Jacobs & Co. CA grew its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,496 shares of the industrial products company’s stock after acquiring an additional 530 shares during the quarter. Jacobs & Co. CA’s holdings in Rockwell Automation were worth $8,715,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ROK. Prospera Financial Services Inc boosted its position in shares of Rockwell Automation by 0.9% in the third quarter. Prospera Financial Services Inc now owns 4,033 shares of the industrial products company’s stock worth $1,083,000 after buying an additional 37 shares during the period. Great Valley Advisor Group Inc. lifted its position in Rockwell Automation by 2.2% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,928 shares of the industrial products company’s stock worth $518,000 after acquiring an additional 42 shares in the last quarter. Second Line Capital LLC boosted its holdings in Rockwell Automation by 5.1% in the 2nd quarter. Second Line Capital LLC now owns 963 shares of the industrial products company’s stock worth $265,000 after acquiring an additional 47 shares during the period. Richardson Financial Services Inc. boosted its holdings in Rockwell Automation by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 48 shares during the period. Finally, Moran Wealth Management LLC boosted its holdings in Rockwell Automation by 2.1% in the 3rd quarter. Moran Wealth Management LLC now owns 2,342 shares of the industrial products company’s stock worth $629,000 after acquiring an additional 48 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation Stock Performance

Shares of ROK stock traded down $5.96 during trading on Friday, reaching $273.60. The company had a trading volume of 446,524 shares, compared to its average volume of 526,594. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.08 and a quick ratio of 0.72. The firm’s 50 day simple moving average is $287.39 and its two-hundred day simple moving average is $273.82. The company has a market capitalization of $30.93 billion, a PE ratio of 33.04, a PEG ratio of 3.12 and a beta of 1.36. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $307.71.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Thursday, November 7th. The industrial products company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.40 by $0.07. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.06 billion. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. The company’s revenue for the quarter was down 20.6% on a year-over-year basis. During the same period in the previous year, the business posted $3.64 EPS. Sell-side analysts forecast that Rockwell Automation, Inc. will post 9.37 earnings per share for the current year.

Rockwell Automation Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were issued a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Monday, November 18th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.25. Rockwell Automation’s dividend payout ratio (DPR) is presently 63.29%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. BNP Paribas assumed coverage on Rockwell Automation in a report on Wednesday, November 13th. They issued an “outperform” rating and a $345.00 price target for the company. Mizuho increased their target price on Rockwell Automation from $245.00 to $270.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Oppenheimer increased their target price on Rockwell Automation from $288.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Jefferies Financial Group upgraded Rockwell Automation from a “hold” rating to a “buy” rating and increased their target price for the company from $290.00 to $350.00 in a research note on Thursday, December 12th. Finally, Morgan Stanley raised their price objective on Rockwell Automation from $320.00 to $335.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $300.89.

Insider Transactions at Rockwell Automation

In related news, VP John M. Miller sold 467 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $284.07, for a total value of $132,660.69. Following the sale, the vice president now owns 4,800 shares of the company’s stock, valued at $1,363,536. The trade was a 8.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Scott Genereux sold 278 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $302.04, for a total value of $83,967.12. Following the completion of the transaction, the vice president now directly owns 3,184 shares in the company, valued at approximately $961,695.36. This represents a 8.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,541 shares of company stock valued at $10,586,674. 0.68% of the stock is owned by corporate insiders.

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.