Rockwell Automation, Inc. (NYSE:ROK) Shares Bought by SilverOak Wealth Management LLC

SilverOak Wealth Management LLC lifted its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 2.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,794 shares of the industrial products company’s stock after acquiring an additional 237 shares during the period. Rockwell Automation accounts for 0.7% of SilverOak Wealth Management LLC’s portfolio, making the stock its 23rd biggest holding. SilverOak Wealth Management LLC’s holdings in Rockwell Automation were worth $3,085,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ROK. Richardson Financial Services Inc. grew its position 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 purchasing an additional 48 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Rockwell Automation during the third quarter worth approximately $26,000. West Oak Capital LLC grew its holdings in Rockwell Automation by 455.6% in the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after buying an additional 82 shares in the last quarter. Darwin Wealth Management LLC bought a new position in Rockwell Automation in the 3rd quarter worth approximately $34,000. Finally, Bank of Jackson Hole Trust acquired a new stake in Rockwell Automation in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ROK shares. Robert W. Baird upped their price objective on shares of Rockwell Automation from $305.00 to $315.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Barclays upped their price target on shares of Rockwell Automation from $285.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. Oppenheimer boosted their target price on Rockwell Automation from $300.00 to $320.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Jefferies Financial Group upgraded Rockwell Automation from a “hold” rating to a “buy” rating and lifted their price target for the company from $290.00 to $350.00 in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group raised their target price on Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Rockwell Automation has an average rating of “Hold” and an average price target of $308.05.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, CEO Blake D. Moret sold 26,700 shares of Rockwell Automation stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $298.63, for a total value of $7,973,421.00. Following the completion of the sale, the chief executive officer now directly owns 78,115 shares in the company, valued at $23,327,482.45. The trade was a 25.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Terry L. Riesterer sold 850 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total transaction of $255,178.50. Following the transaction, the vice president now owns 1,633 shares in the company, valued at approximately $490,242.93. This trade represents a 34.23 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,240 shares of company stock valued at $10,800,555. 0.68% of the stock is owned by insiders.

Rockwell Automation Stock Performance

Shares of ROK stock opened at $301.03 on Wednesday. The stock’s fifty day simple moving average is $286.17 and its 200-day simple moving average is $276.17. The company has a market capitalization of $34.04 billion, a price-to-earnings ratio of 37.49, a P/E/G ratio of 3.18 and a beta of 1.35. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 1-year low of $242.81 and a 1-year high of $308.70.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share 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%. On average, sell-side analysts predict that Rockwell Automation, Inc. will post 9.28 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Tuesday, February 18th. Rockwell Automation’s dividend payout ratio is currently 65.26%.

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.