Asset Planning Inc Invests $49,000 in Rockwell Automation, Inc. (NYSE:ROK)

Asset Planning Inc purchased a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 173 shares of the industrial products company’s stock, valued at approximately $49,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp raised its stake in shares of Rockwell Automation by 0.3% during the 3rd quarter. State Street Corp now owns 4,648,137 shares of the industrial products company’s stock worth $1,247,839,000 after buying an additional 11,949 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Rockwell Automation by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,683,202 shares of the industrial products company’s stock worth $717,865,000 after buying an additional 14,040 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Rockwell Automation by 33.5% in the 3rd 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 during the last quarter. Accredited Investors Inc. raised its stake in Rockwell Automation by 162,058.5% in 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 purchasing an additional 1,184,648 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Rockwell Automation by 6.4% in 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 valued at $303,041,000 after purchasing an additional 67,684 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Jefferies Financial Group raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and boosted their target price for the company from $290.00 to $350.00 in a research note on Thursday, December 12th. Wells Fargo & Company boosted their target price on shares of Rockwell Automation from $315.00 to $337.00 and gave the company an “overweight” rating in a research note on Tuesday. Barclays boosted their target price on shares of Rockwell Automation from $285.00 to $300.00 and gave the company an “equal weight” rating in a research note on Tuesday. Stephens raised shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $275.00 to $350.00 in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating for the company in a research note on Wednesday, January 15th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $308.05.

Rockwell Automation Stock Down 1.3 %

Shares of NYSE:ROK opened at $294.81 on Friday. 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, Inc. has a 1 year low of $242.81 and a 1 year high of $308.70. The stock has a market capitalization of $33.32 billion, a P/E ratio of 35.61, a PEG ratio of 2.89 and a beta of 1.35. The stock has a 50-day simple moving average of $286.26 and a 200-day simple moving average of $275.81.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. Equities analysts forecast that Rockwell Automation, Inc. will post 9.32 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be issued a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Tuesday, February 18th. Rockwell Automation’s dividend payout ratio is presently 63.29%.

Insiders Place Their Bets

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 stock was 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 owns 1,633 shares in the company, valued at $490,242.93. This represents a 34.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John M. Miller sold 467 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 4,800 shares of the company’s stock, valued at approximately $1,363,536. This represents a 8.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 36,707 shares of company stock worth $10,933,215 in the last 90 days. 0.68% of the stock is owned by company insiders.

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.