Axxcess Wealth Management LLC Has $1.31 Million Position in Rockwell Automation, Inc. (NYSE:ROK)

Axxcess Wealth Management LLC lessened its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 3.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,580 shares of the industrial products company’s stock after selling 170 shares during the period. Axxcess Wealth Management LLC’s holdings in Rockwell Automation were worth $1,309,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROK. West Oak Capital LLC grew its stake in shares of Rockwell Automation by 455.6% in the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 82 shares during the period. Darwin Wealth Management LLC bought a new stake in Rockwell Automation in the third quarter valued at $34,000. Bank of Jackson Hole Trust acquired a new position in Rockwell Automation during the fourth quarter worth $34,000. SBI Securities Co. Ltd. bought a new position in shares of Rockwell Automation during the fourth quarter valued at $35,000. Finally, Flagship Wealth Advisors LLC acquired a new stake in shares of Rockwell Automation in the 4th quarter valued at $38,000. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Trading Down 0.8 %

ROK opened at $257.91 on Friday. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $308.70. The company has a market cap of $29.16 billion, a price-to-earnings ratio of 32.12, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. The firm has a 50 day simple moving average of $280.42 and a 200 day simple moving average of $278.41.

Rockwell Automation (NYSE:ROK) last posted its quarterly 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 anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were paid a $1.31 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.03%. Rockwell Automation’s dividend payout ratio (DPR) is presently 65.26%.

Analyst Ratings Changes

ROK has been the subject of a number of recent analyst reports. Robert W. Baird increased their target price on shares of Rockwell Automation from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. BNP Paribas lowered shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 11th. Wells Fargo & Company boosted their target price on Rockwell Automation from $315.00 to $337.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. HSBC upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price objective for the company in a research report on Wednesday, December 11th. Finally, Loop Capital increased their target price on Rockwell Automation from $260.00 to $280.00 and gave the stock a “hold” rating in a report on Tuesday, February 25th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Rockwell Automation presently has an average rating of “Hold” and a consensus target price of $307.68.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, SVP Tessa M. Myers sold 1,231 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $285.43, for a total value of $351,364.33. Following the completion of the transaction, the senior vice president now directly owns 3,650 shares of the company’s stock, valued at approximately $1,041,819.50. The trade was a 25.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Isaac Woods sold 895 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $274.72, for a total value of $245,874.40. Following the sale, the vice president now directly owns 1,198 shares in the company, valued at approximately $329,114.56. This represents a 42.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,352 shares of company stock worth $1,246,298 in the last ninety days. Company 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.