Rockwell Automation, Inc. (NYSE:ROK) Shares Purchased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. increased its stake in Rockwell Automation, Inc. (NYSE:ROK) by 14.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,717 shares of the industrial products company’s stock after acquiring an additional 728 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Rockwell Automation were worth $1,634,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ROK. West Oak Capital LLC lifted its position in shares of Rockwell Automation by 455.6% in the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 82 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in Rockwell Automation in the 3rd quarter valued at $34,000. Bank of Jackson Hole Trust acquired a new stake in Rockwell Automation during the 4th quarter worth $34,000. SBI Securities Co. Ltd. acquired a new stake in Rockwell Automation during the 4th quarter worth $35,000. Finally, Knuff & Co LLC grew its holdings in shares of Rockwell Automation by 41.0% during the fourth quarter. Knuff & Co LLC now owns 141 shares of the industrial products company’s stock worth $40,000 after buying an additional 41 shares in the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Rockwell Automation Stock Up 0.2 %

Shares of NYSE ROK opened at $258.67 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average is $280.13 and its two-hundred day moving average is $278.32. Rockwell Automation, Inc. has a 52-week low of $242.81 and a 52-week high of $308.70. The firm has a market cap of $29.25 billion, a price-to-earnings ratio of 32.21, a PEG ratio of 3.53 and a beta of 1.39.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. Research analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ROK. Wells Fargo & Company boosted their price target on shares of Rockwell Automation from $315.00 to $337.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Barclays lowered their target price on Rockwell Automation from $300.00 to $285.00 and set an “equal weight” rating on the stock in a report on Monday, March 10th. Jefferies Financial Group upgraded Rockwell Automation from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $290.00 to $350.00 in a research report on Thursday, December 12th. The Goldman Sachs Group upped their target price on Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a report on Tuesday, February 11th. Finally, Stephens upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $275.00 to $350.00 in a report on Thursday, January 16th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Rockwell Automation presently has a consensus rating of “Hold” and a consensus target price of $307.68.

Insider Buying and Selling

In other Rockwell Automation news, VP Isaac Woods sold 895 shares of the 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 owns 1,198 shares of the company’s stock, valued at $329,114.56. This trade represents a 42.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction, the senior vice president now directly owns 3,650 shares of the company’s stock, valued at approximately $1,041,819.50. This represents a 25.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,352 shares of company stock valued at $1,246,298 in the last ninety days. Company insiders own 0.68% of the company’s stock.

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.