UMB Bank n.a. Has $1.40 Million Position in Rockwell Automation, Inc. (NYSE:ROK)

UMB Bank n.a. trimmed its position in Rockwell Automation, Inc. (NYSE:ROK) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,908 shares of the industrial products company’s stock after selling 233 shares during the quarter. UMB Bank n.a.’s holdings in Rockwell Automation were worth $1,403,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. grew its stake in shares of Rockwell Automation by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 48 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Rockwell Automation during the 3rd quarter worth approximately $26,000. West Oak Capital LLC increased its holdings in shares of Rockwell Automation by 455.6% during the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 82 shares during the period. Darwin Wealth Management LLC acquired a new stake in shares of Rockwell Automation in the third quarter valued at approximately $34,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Rockwell Automation in the second quarter valued at approximately $36,000. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Price Performance

Shares of NYSE:ROK opened at $290.99 on Wednesday. The firm has a market cap of $32.89 billion, a PE ratio of 35.14, a price-to-earnings-growth ratio of 3.08 and a beta of 1.36. Rockwell Automation, Inc. has a 52 week low of $242.81 and a 52 week high of $307.71. The firm’s fifty day moving average is $288.06 and its 200-day moving average is $274.52. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 1.08.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Thursday, November 7th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.07. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the previous year, the company earned $3.64 EPS. The company’s revenue for the quarter was down 20.6% on a year-over-year basis. Sell-side analysts predict that Rockwell Automation, Inc. will post 9.32 earnings per share for the current year.

Rockwell Automation Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th were paid a $1.31 dividend. The ex-dividend date was Monday, November 18th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.25. This represents a $5.24 annualized dividend and a yield of 1.80%. Rockwell Automation’s payout ratio is 63.29%.

Analyst Upgrades and Downgrades

ROK has been the subject of several analyst reports. Mizuho lifted their price objective on Rockwell Automation from $245.00 to $270.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Citigroup increased their price objective on shares of Rockwell Automation from $313.00 to $345.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Robert W. Baird boosted their target price on shares of Rockwell Automation from $290.00 to $305.00 and gave the company an “outperform” rating in a research report on Tuesday, November 26th. KeyCorp upgraded shares of Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price target on the stock in a research report on Monday, December 9th. Finally, UBS Group initiated coverage on shares of Rockwell Automation in a research report on Wednesday, November 13th. They set a “neutral” rating and a $313.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $304.16.

Insiders Place Their Bets

In other Rockwell Automation news, VP Isaac Woods sold 895 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $274.72, for a total value of $245,874.40. Following the transaction, the vice president now owns 1,198 shares in the company, valued at approximately $329,114.56. This represents a 42.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Veena M. Lakkundi sold 579 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $266.86, for a total value of $154,511.94. Following the sale, the senior vice president now owns 4,576 shares of the company’s stock, valued at approximately $1,221,151.36. This represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,436 shares of company stock worth $10,832,549. 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.